Mahalaxmi Life Insurance to provide waiver for late penalty to its clients
Mahalaxmi Life Insurance has decided to waive off late penalty for its customers who failed to timely pay their insurance premium due to the hardships brought about by COVID.
The life insurance has announced that it will waive off the penalty charges in case the insured client opts to settle the due amount within Ashad end, 2078.
As per the media statement, clients will get a waiver of 100% for premium delayed up to 3 months, 75% for 3 months to 6 months, and 50% for premium delayed over six months.
