Help policyholders get uninterrupted coverage: Irdai to general insurers

The non-life insurers decided to give a one-time relaxation to policyholders whose property has remained un-occupied and who are at risk of losing their coverage due to lockdown

The insurance regulator - Insurance Regulatory and Development Authority of India (Irdai) - has asked the non-life insurers to guide policyholders on the necessary steps needed to be taken by them so as to avail uninterrupted coverage. The insurers have been advised to inform their policyholders on how relevant clauses of Standard Fire and Special Peril policy and others would apply after May 3, so that they can avail uninterrupted coverage of their policy.
 

The non-life insurers decided to give a one-time relaxation to policyholders whose property has remained un-occupied and who are at risk of losing their coverage due