#IRDAI circular

The Punjab & Haryana High Court ruled that a standalone personal accident policy for an owner-driver provides coverage regardless of which vehicle they are operating, as long as it is owned by them. This interpretation ensures broader protection for vehicle owners and binds insurers to honor claims even when the accident occurs in a vehicle not separately insured under a motor policy.

Punjab State Consumer Disputes Redressal Commission rules that insurers cannot repudiate life insurance claims based on pre-existing diseases unless proven within 48 months of policy issuance, as mandated by IRDAI. The ruling sets a critical precedent for consumer protection, shifting the burden of proof squarely onto insurers in material concealment disputes.