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        Case ID :
        Indian Laws

        Insurance (Amendment) Rules, 2020 - G.S.R. 229 (E) - Indian Law

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        Premium deferral for insurance renewals allowed during COVID-19 lockdown; risk may be assumed pending government-specified payment timeframe. The amendment inserts clauses into rule 59 permitting insurers to assume risk on renewal of motor vehicle third party and health insurance policies falling during the COVID-19 lockdown, subject to the condition that the premium shall be paid within such time as the Central Government may, by notification, specify.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Premium deferral for insurance renewals allowed during COVID-19 lockdown; risk may be assumed pending government-specified payment timeframe.

                                The amendment inserts clauses into rule 59 permitting insurers to assume risk on renewal of motor vehicle third party and health insurance policies falling during the COVID-19 lockdown, subject to the condition that the premium shall be paid within such time as the Central Government may, by notification, specify.


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