LIC declares relaxation for premium payments amid Coronavirus threat

To help policyholders who are unable to pay insurance premium on time due to coronavirus outbreak, state-run insurer Life Insurance Corporation (LIC) has extended deline up to April 15, 2020.

"In view of prevailing extraordinary circumstances in 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 orwise," life insurer said in a statement.

To contain spre of vel coronavirus, a majority of 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.

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

Im Credits: ANI