Case Law Analysis
|Punjab and Haryana High Court
Premium Payment Triggers Insurance Coverage from Date of Receipt, Not Policy Issuance Date : Punjab & Haryana HC
Punjab & Haryana High Court rules that motor insurance coverage commences upon premium payment, even if the policy document reflects a later effective date. The ruling holds insurers liable for accidents occurring on the premium payment date, overturning the Tribunal’s exoneration of the insurer in a claim where the premium was received on the accident date.