Sub: Grace Period up to 31^stMay 2020

Thisis further to the Authority’s Circulars Ref:IRDA/Life/Cir/MISC/072/03/2020 dated23^rd March 2020 and Ref: IRDAI/Life/Cir/MISC/078/04/2020 dated 4^thApril 2020.

On areview of the recent situation of lockdown resulting from Global Pandemic ofCovid19 across the country and representations received, it has been decidedthat, for all life insurance policies where the premium falls due in the monthof March 2020, the Grace period shall be allowed till 31^st May 2020.

Member(Life)