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Time for renewal of 3rd party insurance extended till May 15

The Government of India has extended the time for renewal of third party insurance policies till May 15, 2020. A notification regarding the same has been issued as the countrywide lockdown to contain the Covid-19 pandemic has been extended till May 3, 2020.

According to the notification, health and motor vehicle third party insurance policies, which are due for renewal between March 25 and May 3, 2020, can be renewed on or before May 15, 2020.

Earlier this month, the government had amended section 64VB of the Insurance Act, 1938 and extended motor insurance validity till April 21, 2020.

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