The clarification in respect of DAYS OF GRACE is as under :
A) The Relaxation in Grace Period is applicable only to IN FORCE POLICIES
B) There are 4 categories of policies relevant to Relaxation of Grace Period, namely,
i) Policies where Grace Period is over as on 21.03.2020 —-> No Additional Grace Period.
ii) Policies where Grace Period is continuing as on 21.03.2020 —-> Additional Grace Period up to 15.04.2020.
iii) Policies with DUE DATES in March, 2020 —-> Additional Grace Period of 30 days.
iv) Policies with DUE DATES in April, 2020 —-> Additional Grace Period of 30 days.
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