Car Insurance Renewal During Lockdown In India

The ministry of finance issued notifications on april 1 2020 stating that the renewal dates of health and motor insurance policies which fall in the period from march 25 2020 to april 14 2020 have been extended till april 21 2020 due to the coronavirus lockdown. This extension is important because normally these insurance policies cease to be in force if not renewed on the renewal date. If you fail to renew your insurance you might end up losing the accumulated ncb on your plan.

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Furthermore you will miss your chance to avail discounts on premiums charged on your policy during renewal.

Car insurance renewal during lockdown in india. The entire country is under a lockdown and there is zero traffic on the roads. Government grants relaxation for vehicle insurance renewal till april 21. It is monsoon season in india. This means that if your current compulsory third party insurance policy is expiring between march 25 2020 and may 3 2020 and you are not able to renew your policy because of the country wide.

Vehicle owners with policies expiring during the lockdown will now get a grace period. At the moment while the global count of confirmed covid 19 cases stands at over 5 29 000 the disease has infected more than 700 people in india. Renew your car insurance during coronavirus lockdown the contagious pandemic coronavirus disease covid 19 has spread to 189 countries and has claimed over 23 700 lives. Follow us on 2 nd apr 2020 3 30 pm.

Natural disasters could damage your vehicle. Plus there may be some of you who have your vehicle insurance renewal coming up. This means that if your current compulsory third party insurance policy is expiring between march 25 2020 and may 3 2020 and you are not able to. The ministry of finance issued a notification on april 15 stating that health and motor insurance cover renewal dates that fall between march 25 2020 and may 3 2020 have been further extended till may 15 2020 due to the coronavirus lockdown.

How to renew your car bike scooter insurance in minutes during lockdown renewbuy claims that apart from the initial slowdown in april the company saw almost 100 comeback on digital motor. We got queries on social media as to whether one should wait for the lockdown to get over and then renew car two wheeler insurance or go ahead with it like a routine insurance renewal. Health insurance companies were asked to extend dates for renewal of insurance policies which are expiring during the coronavirus lockdown duration till april 21. So make sure that you renew your car insurance plan before it lapses.