Sir I want to know that what is the rule and the compensation or the Solatium provided in the case of the hit and rub declared by the IRDA

Hey buddy the IRDA provides for payment of compensation (solatium) as follows in the case of Hit And Run

Case of death

A fixed sum of Rs.25,000

Brutally hurt to any person

A fixed sum of Rs.12,500

About the Act

The Motor Vehicles Act, 1988 is a piece of social legislation and its provisions are designed to protect the rights of road accident victims where the identity of motor vehicle causing the accident cannot be established

Claim Process

He/She will process the claims and sanction the payment within 15 days from the receipt of report from Claim Enquiry Officer and communicate sanction order to the nominated office of the Insurance Company.


The compensation under Hit and Run Accident cases are made from a Solatium Fund which is contributed by General Insurance industry under an agreed formula.


Contact details

IRDA

Head Office: Hyderabad

3rd Floor, Parisrama Bhavan,

Basheer Bagh,

Hyderabad - 500004,

Telangana, INDIA.


Consumer Affairs Department

United India Towers, 9th Floor,

3-5-817/818, Hyderguda, Basheerbagh,

Hyderabad - 500029, Telangana.+91 40 66514888+91 40

66789768www.irda.gov.inBranch Office: New Delhi

Gate No: 3, Jeevan Tara Building,

1st Floor, Sansad Marg,

New Delhi - 110001.