IRDAI Extends Grace Period For Life Insurance Policies Again Till May 31

New Delhi: Insurance regulator IRDAI has again extended the grace period for premium payment or renewal of life insurance policies till May 31.

On March 23 and April 4, Irdai had announced additional grace period of 30 days for policies where premium fell due in the months of March and April.

Now as the lockdown has been further extended up to May 17, 2020, the regulator has allowed extended grace period up to May 31 for all life insurance policies whose premium was due in March