Can’t reject motor claims for want of PUC

Can’t reject motor claims for want of PUC

Can’t reject motor claims for want of PUC
TNN
Synopsis

Irdai has said insurers cannot reject motor claims on the grounds that the vehicle does not have a valid PUC (pollution under control) certificate. A statement has been issued by the insurance regulator to this effect on Wednesday.

Getty Images
“However, there are some misleading reports to the effect that if there is no valid PUC certificate at the time of the accident, claim under the motor insurance policy is not payable,” the regulator said.

Related

Mumbai: Irdai has said insurers cannot reject motor claims on the grounds that the vehicle does not have a valid PUC (pollution under control) certificate. A statement has been issued by the insurance regulator to this effect on Wednesday.

In July 2018, following a Supreme Court order, Irdai had conveyed to insurance companies that they must ensure that any vehicle they cover must have a valid PUC certificate at the time of the policy.

“However, there are some misleading reports to the effect that if there is no valid PUC certificate at the time of the accident, claim under the motor insurance policy is not payable,” the regulator said.

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)