IRDAI extends the grace period for all life insurance policies till May 31, 2020

May 11, 2020 | by Avantis RegTech Legal Research Team

Industry Specific Compliance

The Insurance Regulatory and Development Authority of India (IRDAI) on May 09, 2020, has decided to extend the grace period for all life insurance policies where the premium falls due in the month of March 2020 till May 31, 2020 during the lockdown imposed due to the Corona Virus (COVID-19) pandemic.

[IRDAI Circular No. IRDAI/Life/CIR/Misc/114/05/2020]


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