Karnataka HC: Vehicle insurance valid until cancellation notice from insurer; Rs 1.2 lakh payout ordered.

In a recent ruling, the Karnataka High Court has declared that an insurance policy remains valid until the policyholder officially receives a cancellation notice from the insurer. The court’s decision came as it ordered an insurance company to pay more than Rs 1.2 lakh for failing to provide evidence that the policyholder was notified of the policy cancellation following the dishonoring of his premium cheque. This landmark judgment emphasizes the importance of insurers following due process when canceling policies and serves as a reminder to policyholders to stay informed about the status of their insurance coverage. Such legal developments play a crucial role in shaping the insurance landscape in India and ensuring that consumers are protected by the law. Stay updated with the latest news and rulings in the insurance sector to make informed decisions about your insurance policies and rights as a policyholder.

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