New Delhi | Jagran Business Desk: In what could be a huge relief for over 60 crore people, the government has decided to defer the due date for the renewal of motor vehicle third party insurance and for health insurance till April 21, 2020 amid the 21-day lockdown in the country.

In its official notification, the Ministry of Finance said that it has allowed third party motor insurance premium dues falling during the period of national lockdown between March 25 and April 14, to be paid on or before April 21 for the renewal of policy without any penalty.    

The notification further read that the (delayed) payment will also “ensure continuity of the statutory motor vehicle third party insurance cover from the date on which the policy falls due for renewal.”

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The decision to defer the due date for the renewal of motor vehicle third party insurance and for health insurance has been taken in view of the prevailing situation in the country coronavirus disease and consequent 21-day national lockdown.

The government had also provided the same deferred payment option to health insurance policy holders too who had to pay renewal premium during the period of the lockdown.

The latest changes in compliance measures for insurance customers had come after finance ministry allowed similar deferral in performance of statutory duty in respect of direct tax and indirect tax last week.

A 21-day lockdown was imposed in the country in last month by Prime Minister Narendra Modi to control the coronavirus outbreak in India.

The deadly coronavirus, that originated in China's Wuhan, has claimed the lives of 50 people and affected more than 1,950 people in India so far.

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In wake of the lockdown, the government has also announced that the last date for filing of income tax return for FY2018-19 has been extended to June 30 while adding that nterest rate on delayed payment has been cut to 9 per cent from 12 per cent.

It has also decided to extend the last date for linking PAN with unique biometric ID Aadhaar to June 30 from March 31. 

(With IANS inputs)

Posted By: Aalok Sensharma