Coronavirus Lockdown: Renewal Date For Third Party Motor Insurance Extended Till May 15
The Ministry of Finance has extended the renewal dates for Third Party Motor insurance policies till May 15, 2020, due to the ongoing coronavirus (covid-19) lockdown. The extension has been provided for the insurance policies due for renewal between March 25, 2020 to April 14, 2020.
The move has come as a relief to the policyholders as in the absence of an active third party car insurance policy is an offence in the country which is punishable with a fine of Rs. 2,000 and/or imprisonment of up to 3 months. Also, in the absence of a valid third party car insurance policy, a car owner is liable to pay for third party liabilities, including bodily injuries, death, permanent/temporary disability and property damage incurred by a third party, himself/herself in case of an accident involving his/her car.
As per the Health Ministry, the number of positive coronavirus cases have crossed the 10477 mark in the country with 414 deaths. Globally, Covid-19 has infected more than 2 million people and has caused at least 126,000 fatalities. In an attempt to contain the contagious pandemic Coronavirus Disease (COVID-19), Prime Minister Narendra Modi has extended the ongoing nationwide lockdown till May 3, 2020.
During these tough times, please stay safe by staying at home. You can fulfill all your motor insurance requirements digitally by visiting our website InsuranceDekho. At our platform, you can buy as well as renewal motor insurance policies completely online and that too in just 5 minutes. Stay home, stay safe!
Disclaimer: This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.