Relaxation in Renewal Premium

CO(IT) issued a program in connection with relaxation in late fee on renewal premium as under:

1. For all renewal premium for which the grace period already ended on or after 22.03.2020, the premium may be paid without late fee upto 15.04.2020.

*For example:* if the due date of a renewal premium was on 25.02.2020 and the grace period ended on 24.03.2020, the premium now may be paid upto 15.04.2020 without any late fee.

2. For all due dates in March 2020, the grace period has been allowed for further 30 days in continuation to original grace period without any late fee.

*For example:* in case the due date of a renewal premium passed on 20.03.2020 with original grace period upto 19.04.2020, the premium now may be paid upto 18.05.2020 without any late fee.
In a similar way premiums with 15 days grace period due on 20.03.2020 may be paid within 03.05.2020 without any late fee.

Thanks and regards.

*Vivek Singh*
SG-NFIFWI