Saturday, July 7, 2012

Is Rs 92 Lakhs compensation for 2 lives high or low?

Is Rs 92 Lakhs compensation for 2 lives high or low?

On November 20, 2009, Prathap Kumar (28) who was working in Canada and had come to Chennai on a 10- day holiday. He met with an accident with truck when he and his family were going on the bike. The daughter was thrown off the bike on impact of the crash and was saved. Prathap and his wife died.

This case went to Motor Vehicle Tribunal in Chennai and after the trial Judgement has come in June 2012 .According to it;

·         Total compensation to be paid is Rs. 92 Lakhs.
·         Rs 50 Lakh will be kept in the name of the daughter in a nationalized bank until she’s 18.
·          Her grandparents will get Rs 20.9 Lakhs each so that they can use it for living /education of grand daughter.

Question before us is – Is it that Rs 92 Lakhs high or low?

We feel it is very less – A software engineer who was working in Canada and who is aged 28 years  could have worked /earned till  the age of 65 years – which means 37 years.

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