The Madras High Court has ruled that a borrower of a vehicle is equivalent to the owner in terms of liability and therefore, cannot claim compensation for an accident. According to the Motor Vehicles Act, when a person borrows a vehicle, they assume the responsibilities and liabilities associated with its ownership, at least in the context of accidents. This means that if the borrower is involved in an accident, they cannot seek compensation as they would be considered the owner of the vehicle for the purposes of the Act. The court’s decision effectively places the borrower in the shoes of the owner, making them responsible for any damages or liabilities arising from the accident, rather than allowing them to claim as a third party might.

The Madras High Court has ruled that a borrower of a vehicle is equivalent to the owner in terms of liability and therefore, cannot claim compensation for an accident. According to the Motor Vehicles Act, when a person borrows a vehicle, they assume the responsibilities and liabilities associated with its ownership, at least in the context of accidents. This means that if the borrower is involved in an accident, they cannot seek compensation as they would be considered the owner of the vehicle for the purposes of the Act. The court’s decision effectively places the borrower in the shoes of the owner, making them responsible for any damages or liabilities arising from the accident, rather than allowing them to claim as a third party might.

by | Oct 31, 2025 | Insurance, New India Assurance, United India Insurance

The Madras High Court has ruled that a person who borrows a vehicle from its owner cannot claim compensation similar to a third party. This decision was made by Justice R Poornima of the Madurai bench, who referenced a Supreme Court case, Ramkhiladi and another Vs....
Motor Accident: Insurer Must Pay Compensation Even If Route Permit Violation Occurs, Can Recover From Owner – Supreme Court

Gallagher has created India’s first pandemic insurance, which utilizes parametric triggers. This insurance was launched by New India Assurance and is reinsured by Munich Re.

by | Oct 23, 2025 | Insurance, New India Assurance

The Phoenix Mills Ltd, a leading Indian company, has become the first insured in the country to be covered against business interruption losses due to pandemic or epidemic outbreaks. The policy, which includes loss of revenue and additional expenses, is based on...
Insurance premium collections rose in August, driven by Bajaj Allianz and New India Assurance.

Insurance premium collections rose in August, driven by Bajaj Allianz and New India Assurance.

by | Oct 21, 2025 | Bajaj Allianz Life Insurance, ICICI Lombard, Insurance, New India Assurance, Star Health and Allied Insurance

The Indian general insurance sector experienced modest year-on-year growth in premium collections for August, according to data from the General Insurance Council. However, several major players reported significant sequential declines in premiums compared to July....