Summary:
(Representational) “Keeping in view the existence of a valid insurance policy, the insurance company becomes liable to pay the compensation amount,” the tribunal observed. “Keeping in view the existence of a valid insurance policy, the insurance company becomes liable to pay the compensation amount,” the tribunal observed. The tribunal noted that the insurance company has not filed anything to show that any term or condition of insurance policy was breached or violated by the insured. (Representational)A Motor Accidents Claims Tribunal (MACT) has awarded over Rs 10 lakh to the family of a 58-year-old daily wage labourer who was killed in a vehicle mishap in north Delhi two years ago. MACT presiding officer Vidhya Prakash asked the New India Assurance Company Limited, the insurer of the offending truck to pay Rs 10,61,000 to the wife and four children of Uttar Pradesh native, Feku..