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Further, issue raised by the learned counsel for the appellant that rate of interest is higher i.e. 9%, which has been granted from the date of filing of the claim application in the year 2008 and final Award has been passed on 04.07.2013. Therefore, for a period of 5 years, 9% interest is excessive, which is beyond the bank interest also.

At this stage, learned counsel for the claimants has relied upon the judgment rendered by the Apex Court in the case of National Insurance Company Ltd. Vs. Pranay Sethi and Ors. reported in AIR 2017 SC 5157 and submitted that calculation has not been made as per the said judgment.

Age of deceased 54 years, Monthly Income is Rs. 11,000/- and Number of dependent is Three, which has not been disputed by either of the parties.

As per the judgment of the Apex Court in the case of Pranay Sethi (Supra), appellants are entitled for 10% towards future prospect and seventy thousand towards fixed charges i.e. loss of estate, funeral expenses and loss of consortium.

As per the above parameters, the calculation of compensation as per the criteria laid down in the case of Pranay Sethi (Supra), is as follows: