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United India Insurance Co.Ltd vs K.M.Poonam & Ors on 18 February, 2011

12. The legal position with regard to liability of insurer to satisfy award in a case where the insured vehicle was carrying passengers beyond its permissible capacity has been settled by the Supreme Court in the case of United India Insurance Co. Ltd. Vs. K.M Poonam & ors; (2015) 15 SCC 297. In the said case, the Supreme Court, while dealing with the question regarding the liability of insurance company to pay compensation to the victims of a motor vehicular accident travelling in the insured vehicle which is found to be carrying passengers beyond its permissible capacity has held that the insurer has to first deposit with the Tribunal the total amount of the amounts awarded in favour of the awardees whereafter, the insurer shall be entitled to recover the amount from the owner of the vehicle in respect of the awards which are beyond the permissible capacity of the insured vehicle. The relevant observations of the Supreme Court in the said case are reproduced as under:-
Supreme Court of India Cites 24 - Cited by 326 - A Kabir - Full Document

National Insurance Co. Ltd vs Pranay Sethi on 31 October, 2017

After deducting 1/3rd towards the personal and living expenses of the deceased, annual loss of dependency to the claimants would come to Rs. 11,341/-×12= Rs. 1,36,092/-. The multiplier applicable to the present case, keeping in view age of the deceased is 15. After applying the multiplier of 15, loss of dependency to the claimants would come to Rs. 20,41,380/-. Besides the aforesaid amount, the claimants, in the light of ratio laid down in National Insurance Company Ltd Vs. Pranay Sethi; (2017) 16 SCC 680, are also entitled to Rs. 15,000/- on account of funeral expenses, Rs. 15,000/- on account of loss of estate and Rs. 40,000/- per claimant on account of loss of parental consortium.
Supreme Court of India Cites 32 - Cited by 9815 - D Misra - Full Document
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