Rs. 14- CRORE COMPENSATION IN ROAD ACCIDENT 28-4-05

Insuance companies take heed. A motor accident claims tribunal last week handed out a Rs. 14.71 Crores compensation to a Paschim vihar family in New Delhi. Which lost its bread-earner in a road mishap five years ago. The compensation claim has been upheld even though the insurance company i.e. Oriental Insurance Company contended that the accident occurred because a Tata Sumo had been parked next to the central verge on the GT Karnal highway without its parking indicators on. The car driven by Delhi resident Rajneesh Goel rammed into the stationary Tata Sumo, leading to his death. The tribunal dismissed Oriental Insurance Company's contention that Goel was guilty of "contributory negligence". S K Paruthi , who appeared for Goel's wife Alka and children argued, "it was a case of sheer negligence by the Sumo's driver, who had parked his car close to the central verge on the highway to replace a flat tyre. Paruthi alleged that while the Sumo's tail lights were not on , his client's husband died as street lights were also not functioning on that night. Source-Times of India

COMPENSATION CALCULATION- Goel's Annual Income- Rs. 2 Crores Income spent on family - Rs. 1.417 Crores COMPENSATION FOR FAMILY FOR 10 YERAS- 1.417x 10= 14.17 Cr. Insurance firm also has to pay 6% interest for 5 years.