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The Supreme Court has said insurance companies are not liable to pay compensation to the families of individuals who die as a result of their own rash and reckless driving. A bench of Justices PS Narasimha and R Mahadevan refused to grant 80 lakh compensation sought by the wife, son and parents of a man who died while driving a car at high speed. The top court refused to interfere with the Karnataka High Court's order dated November 23 last year which had dismissed the plea filed by the deceased legal heirs claiming compensation. "We are not inclined to interfere with the impugned judgment passed by the high court. Hence, the Special Leave Petition is dismissed," the bench said in an order passed on Wednesday. On June 18, 2014, one N S Ravisha was driving from Mallasandra village to Arasikere town when the accident took place. His father, sister and her children were travelling in the car. The court had found that Ravisha drove the car in a negligent manner without following traff
Life Insurance Corporation on India on Thursday announced relaxation in claim settlement procedure for victims of Pahalgam terror attack. The dastardly terror attack that took place on Tuesday in Kashmir's Pahalgam killed 26 people, mostly tourists. Expressing grief over the death of citizens in the terror attack, LIC in a statement said it is committed to supporting those affected and will expedite claim settlements to provide financial relief. LIC CEO & MD Siddhartha Mohanty said the insurance company announced many concessions to mitigate the hardships of the claimants of LIC policies. In lieu of death certificates, any evidence in government records of death of the policyholder due to the terrorist attack or any compensation paid by central/state government will be accepted as proof of death, he said. All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families, it said. For further assistance, the ...