by AIP Online Bureau | May 3, 2023 | Indian News, Non-Life
MACT member M M Walimohammed, in the order passed on April 25, directed Gulnar Plastics Pvt Ltd at Silvassa, the owner of the offending vehicle, and its insurer Tata AIG General Insurance Company Ltd, to jointly and severally make the payment of Rs 1,19,64,400 to the...
by AIP Online Bureau | Jan 16, 2023 | Data, Non-Life
The MACT awarded a compensation of Rs 12.96 lakh to the deceased’s mother, including Rs 8.64 lakh towards the loss of income, Rs 3.45 lakh for future prospects, Rs 16,500 towards loss of estate, Rs 44,000 for loss of filial consortium, Rs 16,500 for funeral...
by AIP Online Bureau | Sep 25, 2022 | Indian News, Non-Life
The total compensation of Rs 8.10 lakh, included Rs 3 lakh towards compensation on account of permanent disability, Rs 2.80 lakh towards hospital expenses, Rs 1 lakh towards medical expenses, Rs 50,000 each towards loss of enjoyment of life and pain and suffering, Rs...
by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
The Index, which is a report detailing accident trends seen across key metros, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, revealed Delhi recording an accident rate of 20.3%, while Mumbai stood at 18.2%. The reasons behind the mishaps were also fairly...
