#Section 64VB Insurance Act

Karnataka High Court ruled that an insurance policy remains valid under Section 64VB of the Insurance Act if the premium was paid in cash, even if a subsequent cheque was dishonoured. The Court relied on United India Insurance v. Lakshmamma and enhanced compensation from ₹86.15 lakh to ₹1.92 crore with 6% interest, reinforcing insurer liability in motor accident claims despite payment discrepancies.

Gauhati High Court holds that motor insurance coverage begins at premium payment, not future stipulated date, reinforcing Section 64VB(2) of the Insurance Act, 1938.