Allahabad HC Grants Bail to AMU Professor Accused of Linking Rape to Hindu Scriptures  ||  Supreme Court Vacates Stay on Telangana HC Order Quashing Nomination of 2 MLCs  ||  Supreme Court: Place of Exclusive Jurisdiction Deemed as 'Seat' of Arbitration  ||  Allahabad HC: NCMEI Has Exclusive Power to Grant Minority Status  ||  P&H HC: Default Bail Can Be Granted by Magistrate/Sessions Court Even If Bail Plea Pending Before HC  ||  Allahabad HC Grants Anticipatory Bail to AMU Professor Over Alleged Rape  ||  All HC: Don't Remand Accused to Custody If Chargesheet Filed Sans Arrest  ||  HP High Court: Trial Court Can’t Dictate Investigation Manner, If Remand Purpose Is Clear  ||  Supreme Court: Non-Signatories Have No Right to Attend Arbitration Proceedings  ||  Supreme Court: 'Gender-Neutral' Often Misunderstood As 'Gender Equality'    

Clarification on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization"- (Insurance Regulatory and Development Authority) (29 Nov 2016)

MANU/IRDA/0045/2016

Insurance

Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25th November, 2016 on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization". It has come to the Authority's notice that there is a news item floating in the press that the Authority has instructed insurers to accept old Rs. 500 and Rs. 1000 notes for depositing insurance premium. Please note that the above circular does not mention acceptance of the said old notes and it merely extends the grace period of the policies issued by life insurers as mentioned in the above circular.

Tags : RENEWAL PREMIUM   PAYMENT   EXTENSION   TIME PERIOD  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved