India is one of the countries with an alarmingly high rate of deaths taking place every year due to road accidents. To give the victims or the kin of the victims a quick relief, Indian government has decided on a ten-fold increase in the minimum compensation for the road accident victims. According to the new norms, the compensation amount has been increased between Rs 50,000 and Rs 5 lakh.
In case of death in road accident, the compensation will be Rs 5 lakh for the kin of the victim. On the other hand, compensation amount for the permanent disability because of road accident will range between Rs 50,000 and Rs 5 lakh depending on the extent of disability. Also, the compensation amount will be increased by 5% per year.
Around 1.5 lakh people die and more than 5 lakh people get injured every year because of road accidents. While the Indian government has already taken many steps to reduce the number of road accidents across the country, the process to give quicker relief to the victims and their kin is also on. Meanwhile, apart from increasing the compensation amount, Indian government has also kept the option open for the victims and their kin to appeal for higher compensation in Motor Accident Claims Tribunal (MACT).
Despite the government’s best effort to promote safe driving and riding, many people still don’t wear seatbelts while driving. Also, there are many two-wheeler riders, who don’t use helmets. Apart from these, there are various other reasons behind the accidents like over-speeding, driving while drunk, jaywalking, not following the signals etc.