third party claim

If it is renewal premium, the policy can be implemented.

If the Polciy is not a renewal of previous Policy or the previous Policy renewed with break, then the Ins. Co. rightly mentioned inceptioned time of covering risk and it is settled law that if starting time for covering the risk is mentioned on the Polciy, every risk cover shall start from the said time.

Well if the Policy was renewed in advance and the Ins. Co. mentioned the time for inception of Policy, then Ins. CO. can not deny its liablity because in case of time renewal, the fresh Polciy is in continuty of previous Policy

What proof does the insured have that he paid the premium at 3.30 PM. If he paid it by cash, will the insurance agent testify to it? I doubt so. Mr Bhatia is right to state that when time is mentioned the cover starts from that point. It is a close proximity case and the company will appoint an investigator. My experience says that the policy was taken after the accident occured.

Yes insurance company is liable for third party risks because the cover note is valid and its imidiate effective.no matter policy was issued  on 24-01-08 AM.

Yes insurance company is liable for third party risks because the cover note is valid and its imidiate effective.no matter policy was issued  on 24-01-08 AM.

When the last insurance agreement expired?