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LIC Declares Relaxation for Premium Payments due to Coronavirus Outbreak

Image for representation. (Reuters)

Image for representation. (Reuters)

To contain the spread of the novel coronavirus, a majority of the states have asked people to maintain social distancing and avoid travel unless necessary.

  • PTI
  • Last Updated: March 22, 2020, 6:36 PM IST
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To help policyholders who are unable to pay insurance premium on time due to the coronavirus outbreak, state-run insurer Life Insurance Corporation (LIC) has extended the deadline up to April 15, 2020.

"In view of prevailing extraordinary circumstances in the country on account of Covid-19, LIC will give relaxation to its policyholders in payment of premiums due on inforce policies up to April 15, 2020, wherever customers are unable to deposit online or otherwise," the life insurer said in a statement.

To contain the spread of the novel coronavirus, a majority of the states have asked people to maintain social distancing and avoid travel unless necessary.

Prime Minister Narendra Modi also called for a 'Janta curfew' between 7 am to 9 pm on Sunday.

The total number of novel coronavirus cases in India has surged to 324, according to recent figures released by the Union Health Ministry.

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India

  • Active Cases

    2,650

     
  • Total Confirmed

    2,902

     
  • Cured/Discharged

    183

     
  • Total DEATHS

    68

     
Data Source: Ministry of Health and Family Welfare, India
Updated: April 04 (09:00 AM)
Hospitals & Testing centres

World

  • Active Cases

    832,254

     
  • Total Confirmed

    1,121,973

     
  • Cured/Discharged

    230,316

     
  • Total DEATHS

    59,403

     
Data Source: Johns Hopkins University, U.S. (www.jhu.edu)
Hospitals & Testing centres