Motor Accident Compensation – Self-Employed Deceased Aged Below 40 Years Entitled To 40% Addition As Future Prospects: Supreme Court

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Motor Accident Compensation – Self-Employed Deceased Aged Below 40 Years Entitled To 40% Addition As Future Prospects

Case: Rahul Sharma and another vs National Insurance Company Ltd and others

Coram: CJI NV Ramana, Justices Surya Kant and Aniruddha Bose

Case No: [CA No. 1769 of 2021]

Court Observation: “This Court in a Five Judge Bench decision in National Insurance Co. Ltd. v. Pranay Sethi, (2017) 16 SCC 680, clearly held that in case the deceased is self­-employed and below the age of 40, 40% addition would be made to their income as future prospects. In the present case, the deceased was self-­employed and was 37 years old, therefore, warranting the addition of 40% towards future prospects”

[doc id=5179]

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Motor Accident Compensation, 40% Addition As Future