DHARMENDRA GOEL vs ORIENTAL INSURANCE CO.LTD.

The Supreme Court held that the insurance company is liable to pay the insured amount as per the policy issued, emphasizing that the company had accepted the premium based on the vehicle's assessed value of Rs. 3,54,000/-. The Court found that the driver having a valid driving license was established, and the claim for compensation should not be reduced below the insured amount. The Court directed the insurance company to pay the appellant the full insured amount along with interest, thereby overturning the lower commission's decision.