NEW DELHI: A bench of Madras high court has observed that the Centre must amend the Motor Vehicles Act to make it mandatory for each automobile to purchase comprehensive insurance plans somewhat than just third party one so that every occupant is eligible for compensation in case of loss of life or harm.
It has also observed that the homeowners must make upfront cost of the top class for automobile's lifetime to steer clear of the observe of other people incessantly no longer renewing their insurance policies. The two-member bench has prompt the federal government to ascertain a mechanism so that each time the insurance plans expires, this must learn to the regional shipping workplace (RTO) and the automobile must be seized right away.
The court's statement got here while including the shipping and finance ministries and the insurance coverage regulator IRDA suo motu as events while hearing a case in terms of the compensation awarded to the kinfolk of a former police constable who died in a car accident.
Currently, it's optional for homeowners to head for comprehensive policy, which contains self injury as well.
Challenging the compensation awarded for constable's loss of life, the insurance coverage corporate mentioned that compensation may just no longer be awarded for the loss of life of the occupant since it had only third party insurance coverage quilt. The court observed, "According to the seating capacity, the insurance should be made compulsory and no option should be given to choose between policies."
Meanwhile, the federal government on Thursday ruled out any chance of levying additional cess on petrol or diesel to do away with the toll assortment on nationwide highways.
It has also observed that the homeowners must make upfront cost of the top class for automobile's lifetime to steer clear of the observe of other people incessantly no longer renewing their insurance policies. The two-member bench has prompt the federal government to ascertain a mechanism so that each time the insurance plans expires, this must learn to the regional shipping workplace (RTO) and the automobile must be seized right away.
The court's statement got here while including the shipping and finance ministries and the insurance coverage regulator IRDA suo motu as events while hearing a case in terms of the compensation awarded to the kinfolk of a former police constable who died in a car accident.
Currently, it's optional for homeowners to head for comprehensive policy, which contains self injury as well.
Challenging the compensation awarded for constable's loss of life, the insurance coverage corporate mentioned that compensation may just no longer be awarded for the loss of life of the occupant since it had only third party insurance coverage quilt. The court observed, "According to the seating capacity, the insurance should be made compulsory and no option should be given to choose between policies."
Meanwhile, the federal government on Thursday ruled out any chance of levying additional cess on petrol or diesel to do away with the toll assortment on nationwide highways.
Owners should buy cover for vehicle's lifetime: Madras High Court
![Owners should buy cover for vehicle's lifetime: Madras High Court]()
Reviewed by Kailash
on
July 06, 2018
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