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Magma General Insurance Co. Ltd vs Nanu Ram Alias Chuhru Ram on 18 September, 2018

The notional income assessed by the Tribunal at Rs.8,000/- p.m. is on the lower side. This Court and Lok-adalat's while settling the accident claims of the year 2016 would normally assess the notional income at Rs.8,750/-. In the instant case also, in the absence of any material to establish the income of the deceased, we deem it appropriate to assess the notional income at Rs.8,750/- p.m. Thus, the claimants would be entitled for compensation on the head of loss of dependency including future prospects by taking Rs.8,750/- as monthly income of the deceased. The compensation awarded on the other heads is proper and correct taking note of the decision of the Hon'ble Apex Court in the case of National Insurance Company Limited vs. Pranay Sethi and others reported in AIR 2017 Supreme Court 5157 and Magma General Insurance Company Limited vs. Nanu Ram and others reported in 2018 ACJ 2782. Thus, the compensation awarded under other heads is 28 not disturbed. The Tribunal has awarded 40% of the assessed income towards future prospects.
Supreme Court of India Cites 7 - Cited by 4992 - I Malhotra - Full Document
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