MACT passes compensation award for Rs.13 lakhs for Insurance Claim
The family of a 33-year-old man, killed after being hit by a rashly-driven car, has been awarded Rs 13,64,144 as compensation by a Motor Accident Claims Tribunal here.
Read moreCaselaws: Motor Insurance
New India Assurance to pay man Rs 3.56 lakh compensation in road mishap
A man, who had been hit by a rashly-driven Honda City car and sustained grievous injuries eight years ago, has been awarded a compensation of over Rs three lakhs by a Motor Accident Claims Tribunal (MACT) here. Read more
Insurance firm asked to pay Rs 1 lakh to client
A district consumer forum has asked the National Insurance Company to pay Rs 1 lakh for repudiating the insurance claim of one of its clients. The complainant, Ratan Sethi, had purchased a vehicle from Tajinder Sethi in December 2008. He had insured the car for an amount of Rs 90,000 with the company and claims to have stated that the “formalities of the transfer of the registration certificate of the vehicle was still in process”. When the car was stolen, the company refused to pay the insurance amount saying that he was “not the registered owner of the vehicle on the date of the theft”. Read more
Insurance News: Delhi Police awarded Rs 22,000 compensation
The office of the Commissioner and the Deputy Commissioner of Delhi Police have been awarded a compensation of over Rs 22,000 by a Motor Accident Claims Tribunal (MACT) here in a road mishap in which a PCR van was rammed from behind and suffered damage. MACT Presiding Officer Nirja Bhatia directed New India Assurance Company Limited, with which the offending vehicle was insured, to pay the amount to the official authorities. Read more
United India Insurance pays Rs 13 lakh compensation in road accident case
The family members of a man, who died in a road mishap due to rash driving of a tempo in which he was travelling, have been awarded a compensation of nearly Rs 13 lakh by a Motor Accident Claims Tribunal (MACT) here. The Tribunal directed the United India Insurance Company Ltd, with which the offending vehicle was insured, to pay Rs 12,96,100 to the wife, two children and the parents of victim Shailender Kumar Mehto. Read more
Wife of road mishap victim awarded 6.67 lakhs as compensation
The wife of a 31-year-old man, who was mowed down by a rashly-driven truck, has been awarded a compensation of Rs 6.67 lakhs by a Motor Accident Claims Tribunal (MACT) here. Read more
Oriental Insurance Co to pay accident victim Rs 17L compensation
A 26-year-old man, who suffered 80 percent disability in a road mishap involving a rashly-driven truck four years ago, has been awarded over Rs 17 lakh as compensation by a Motor Accident Claims Tribunal. Read more
Housewife disabled in road mishap gets Rs 2.12L compensation: Oriental Insurance
A 56-year-old housewife, who suffered permanent disability in a road mishap involving a rashly-driven car three years ago, has been awarded over Rs 2.12 lakh as compensation by a Motor Accident Claims Tribunal. Read more
Mishap victim’s widow gets Rs 7L compensation
A road mishap victim’s widow has been awarded nearly Rs seven lakh as compensation by a Motor Accident Claims Tribunal (MACT) here. Read more
FinMin issues guidelines on settling 3rd-party claims
Days after general insurers aired their concerns over losses from third party motor insurance, the finance ministry has issued guidelines for settling such cases that would help reduce their liability and also check fraudulent claims. Read more