Cessation of Property & Stock Insurance Cover due to non-occupation during COVID-19
https://timesofindia.indiatimes.com/business/india-business/empty-plants-may-lose-property-cover/articleshow/75437777.cms
IRDAI certainly should issue a clarification in this regard the way they came out in case of Mediclaim policy. If such clause as mentioned in the attached article exists in any of the general insurance policies, the policy should stay valid and the lockdown period should not be counted in the 30 days. The policy holder should neither be expected to send mail to the insurance company during the lockdown period nor should be left to worry what to do on this front once lock-down opens as there will be many other things of higher priority to be taken care of. more
IRDAI certainly should issue a clarification in this regard the way they came out in case of Mediclaim policy. If such clause as mentioned in the attached article exists in any of the general insurance policies, the policy should stay valid and the lockdown period should not be counted in the 30 days. The policy holder should neither be expected to send mail to the insurance company during the lockdown period nor should be left to worry what to do on this front once lock-down opens as there will be many other things of higher priority to be taken care of. more
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IRDAI should issue clear instructions over the issue. Clear instructions regarding Vehicle policy should be issued taking into account present situation due to COVID 19. more
May 05
