The Union government on Thursday allowed health and motor third party policyholders to defer their renewal, if it falls between March 25 and May 3— the lockdown period.
Now, the policyholders can pay for the renewal of their policies till May 15. Earlier, the government had deferred the renewal payment till April 21 but since the lockdown was extended, more time has been given to pay for the renewal and even the period under consideration has been increased.
The payments can be made till May 15 and the relaxation is only for third-party motor insurance, apart from health, the government