LIC extends deadline for premium payment to April 15

In a statement, LIC also requested its customers to avoid visiting its offices to pay premium and stay indoors, saying policy holders can use its online services.

"In view of extraordinary circumstances prevailing in the country on account of COVID-19, LIC of India has announced relaxation to its policyholders on payment of premium due to on in-force policies up to 15th April, 2020," it said.

Due to the increasing spread of novel coronavirus in the country, several states including the national capital have been put under lockdown and both the Central and state governments have asked people to avoid unnecessary travel and stay indoors.

'Janata Curfew' was observed across the country on Sunday, on the Prime Minister's appeal to control the spread of the deadly virus that has left 13,049 deaths across the globe and over 3.7 lakh affected people.

At least seven deaths have been reported from India and the number of confirmed cases is 360.