National Insurance Co. Ltd vs Pranay Sethi on 31 October, 2017
23. Pertinently, the Hon'ble Apex Court has also held in National
Insurance Company Ltd. Vs. Pranay Sethi (Supra) that compensation
awarded under the conventional heads shall be enhanced at the rate of 10%
in every three years and a period of 3 years have already elapsed since the
deceased had expired. Hence, the petitioners in this case are also entitled to
an increase @ 10% on the amount awarded under the conventional head of
'loss of estate', 'funeral charges' and 'loss of consortium'. The petitioners are
thus awarded a total sum of Rs. 3,85,000/- [(Rs.30,000 + 10% of 30,000=
33,000) + (40,000 X 8 + 10% of 3,20,000 = 3,52,000/-)] under this head.