Rajya Sabha
The compensation to the deceased/injured in a road accident is given on the basis of Structured Compensation Formula prescribed under II Schedule of the Motors Vehicle Act, 1988 on no-fault principle basis. The amount is calculated on the basis of number of factors such as age of the victim, income, number of dependents etc. If the road accident victim/legal heir is not satisfied with the amount of compensation, they may approach Motor Accidents Claims Tribunal/Civil Courts for higher compensation on fault principle.
This information was given by the Minister of State for Shipping, Road Transport and Highways, Shri K.H. Muniyappa in a written reply in the Rajya Sabha today.
VBA/BS
(Release ID :30653)