Good news! Now, insurers too can grant moratorium on term loans - All details here
In a circular, Insurance Regulatory and Development Authority of India (Irdai) said it has received representations from industry associations, seeking moratorium on repayment of term loans sanctioned by the insurers in the context of outbreak of Covid-19. The regulator has accepted the request.
Photo from IRDAI Twitter. Irdai has already provided additional time period for policy holders to pay their renewal premium.