LIC declares relaxation for premium payments
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.
Mumbai : 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.
Meanwhile, Dubai carrier Emirates announced on Sunday it will suspend all passenger flights from March 25 amid the novel coronavirus outbreak.
"By Wednesday 25 March, although we will still operate cargo flights, which remain busy, Emirates will have temporarily suspended all its passenger operations," the airline's chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum said in a statement.
"We continue to watch the situation closely, and as soon as things allow, we will reinstate our services." Emirates passenger flights normally serve 159 destinations.
The United Arab Emirates on Friday announced its first two deaths from the COVID-19 disease, having reported 153 infections so far, of which 38 people have recovered.