<span style="color: #222222;">Life Insurance Corporation (LIC) has announced an extension of 30 days for payment of premium due in March and April 2020 to mitigate the hardships being faced by policyholders in the wake of COVID-19. </span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">LIC said that relaxation is allowed up to April 15 for February premiums, where grace period was expiring after March 22. It also said that policy holders can pay premiums through LIC's digital payment options without any service charge. Premiums can also be paid by downloading mobile app LIC Pay Direct.</span><br />