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1 - 3 of 3 (0.38 seconds)Magma General Insurance Co. Ltd vs Nanu Ram Alias Chuhru Ram on 18 September, 2018
9. Learned tribunal has not awarded any amount for loss of parental
consortium to the children of the deceased i.e. appellants Nos.2 & 3, which
should be awarded in the light of the principle laid down in the case of
Janabai wd/o Dinkarrao Ghorpade vs. ICICI Lombord Insurance
Company Ltd. (2022) 10 SCC 512 and Magma General Insurance
Company Ltd. vs. Nanu Ram @ Chuhru Ram & ors. (2018) 18 SCC 130.
National Insurance Co. Ltd vs Pranay Sethi on 31 October, 2017
10. Considering the monthly income of the deceased @ Rs.7,700/- per
month and as per the principle laid down in the case of National Insurance
Company Ltd. vs. Pranay Sethi & ors (2017) 16 SCC 680, 25% of the
assessed income is to be added towards future prospect, which comes to
Rs.9,625/- (Nine thousand six hundred twenty five). 1/3rd is to be deducted
towards personal expenses of the deceased, which comes to Rs.6,417/-.
Thus, yearly income will comes to Rs.77,004/- and thereafter multiplier of
15 will be applied for the purpose of computation of amount towards loss of
dependency, which comes to Rs.11,55,060/- (Eleven lakhs fifty five
thousand sixty).
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