All you need to know about MACT Claims
In India, Motor Vehicle Act,1988 provides compensation for your loved ones in case of accident. Be it a death case , injuries to body or loss to the vehicle, the insurance companies cover it all.
The claim depends on three things;
1 Age of the person
2 Income on the date of accident minus tax
3 Dependent family members after death.
Using the above multiplier based on Sarla Verma judgement is opted and income is multiplied on per annum basis. Based on deduction rule taken from Sarla Verma the expenses of deceased or injured is deducted .
Medical bills and hospital bills are paid as per bills and actual. No bill no pay.
Future prospects are paid as per Pranay Sethi judgement.
If you wish to calculate it on your own. Read my blog on LegalSeva regarding MACT claim.
For any query, please dial 99888-17966 for quick assistance. LegalSeva your trusted legal partner for future and present.