What is the amount of compensation payable under the Motor Vehicles Act, 1988 in respect of death of any person ?
CS Professional · Insurance - Law and Practice · PYQS · December 2015
What is the amount of compensation payable under the Motor Vehicles Act, 1988 in respect of death of any person ?
Answer & Explanation:
Section 140 of the Motor Vehicles Act, 1988, provides for liability of the owner of the Motor Vehicles to pay compensation in certain cases, on the principle of no fault. The amount of compensation so payable is ₹50,000 for death of any person resulting from an accident arising out of the use of the motor vehicles. The principle of "no fault" means that the claimant need not prove negligence on the part of the motorist. Liability is automatic in such cases. Further, under Section 141(1) of the said Act, claims for death or permanent disablement can also be pursued under other provisions of the Act on the basis of negligence (fault liability).
Topics: Motor Vehicles Act, 1988
Related Questions in this Topic
- Name the persons who can make an application for compensation for an accident involving death or bodily injury to person...
- Discuss the role of insurance and reinsurance in risk management.
- "Claims settlement in general insurance is a multitasking activity". Discuss.
- Write short notes on the following: Ceiling on Investments u/s 27.
- Write short notes on the following: Total loss and partial loss in marine insurance