There is no agency to check policies and onetime payment avoids disputes in accident claims
GN Bureau | February 19, 2015
Are you ready to pay lifetime insurance premium for your vehicle at one go? Most of you may say yes as it saves yearly hassle. The Madras High Court has observed that vehicle-owners be made to pay lifetime insurance, like the lifetime road tax.
Justice N. Kirubakaran of the high court said that when a huge sum was spent on purchasing a vehicle, there should not be a problem to pay a few more thousands as lifetime insurance premium. “Like lifetime road tax, owners should be made to pay the insurance coverage mandatorily for lifetime, in respect of their vehicles, so that these kinds of dispute can be avoided,” the judge observed.
According to Section 146 of the Motor Vehicles Act, no person should use a vehicle in a public place without an insurance coverage.
To find out the feasibility of such lifetime insurance premium payment the judge impleaded suo motu IRDA, Ministry of Law, Justice and Company Affairs, Ministry of Road and Surface Transport, State Secretary Transport Department, DGP as respondents and issued notice to reply to 10 queries including number of vehicles registered in India, how many have not renewed policies and whether it was a fact that almost one third vehicles do not have subsisting mandatory act policies.
While hearing a petition filed by Oriental Insurance Company the judge said that there was no mechanism either with the Transport Department or the police to verify whether a policy was renewed or not, to enable them to seize vehicles in the event of default, the court said.
The case will be heard on March 4, 2015. The current case relates to an accident on January 30, 2012 in Ponneri in which a motorbike was hit from the rear by a tanker lorry, resulting in injuries to the rider, requiring 17 days hospitalisation. The Tribunal, considering the nature of injuries, fixed it at 45 per cent and awarded Rs 2,24,500 against his claim for Rs 3 lakh.
The insurance firm challenged it, stating there was no insurance coverage as on date of accident to the lorry, which expired on November 17 2011. It occurred only on January 30, 2012 and therefore liability should not have been 'fastened' on them.
Justice Kirubakaran while granting conditional interim stay directed the firm to deposit the award by the Tribunal within two weeks together with interest.
It is now up to the new environment minister Dr Harsh Vardhan to decide whether GM mustard is to be introduced in India or not. Dr Harsh Vardhan, minister for science and technology and minister for environment, forest and climate change, as
National award winning actor and parliamentarian Paresh Rawal wants noted author Arundhati Roy to be tied up on an army jeep instead of a stone pelter. He tweeted: Instead of tying stone pelter on the army
Restoring life to the Ganga is not rocket science, said an exhaustive report on the river Ganga by The Third Pole. It added “what it needs is political will, a consequent enabling policy framework, and implementation”. The M
Comedian couple Sitaram Kattel (aka Dhurmus, the stage character he assumes) and Kunjana Ghimire (aka Suntali, her stage character), household names in their homeland Nepal, were on a carefree tour of the United States for 27 shows when the April 25, 2015 earthquake struck. They cut short their visit, forg
Can a permanent solution be found to the Kashmir issue?
The cabinet committee on economic affairs has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss making central public sector enterprise under the department of chemicals and petrochemicals. The enterprise, having units at Rasayani (Maharashtra) and Kochi (Ker