Mahalaxmi Life Insurance To Provide Discount On Charges For Late Payment Of Insurance Premium

June 10, 2021 | Investopaper

Mahalaxmi Life Insurance Company has made an arrangement to waive the charges regarding the late payment of insurance premium with effect from the 27th Jestha as a relief considering the problems created by COVID epidemic.

The company will provide the following late fee waiver (discount) to the insured who pays the premium installment by Ashad end, 2078 BS.

Term of the insurance policy Discount On Late Fee Charges  
Up to 3 months 100%
3 months – 6 months 75%
More than 6 months 50%

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