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Motor Accidents Claims Tribunal (MACT)  deals with matters related to compensation of motor accidents victims or their next of kin. The Tribunal deals with claims relating to loss of life/property and injury cases resulting from Motor Accidents. Who can apply for compensation? The person who suffered the injury The owner of the property All or any of […]

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Fundamental Elements of an Insurance Contract in India
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Insurance, like any other contract, is an agreement enforceable by law. In any insurance contract in India, two parties, typically the insurer and the insured, bind one another to a set of promises. Wherein, in expressed terms, the insurer promises to indemnify the insured in an event of a loss. On the other hand, the insured […]

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Computation of Compensation
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ASSESSMENT OF COMPENSATION The courts can only grant compensation for the pecuniary and monetary loss caused and some other expenses, but no court can even attempt to grant compensation for loss of life or limb. Mainly pecuniary loss has to be assessed. The long expectation of life is connected to the earning capacity of the […]

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