What happens if a vehicle flees after injuring a third party and its license plate number was not legible?Such hit and run accidents mean that no liability for insurance companies. The victim can be compensated by the Solatium Fund established by the Government.
Apnainsurance.com Research Bureau
29 Nov 2007
cases are known as hit and run accidents. In such accidents, since the vehicle
is not traced, no liability can be imposed on any car insurance company and the
victims have to suffer. The only compensation possible is under the Solatium Fund Scheme. The
Solatium Fund has been established by the Central Government - 70 per cent of
it is contributed by the General Insurance Corporation of India and the balance by the
Central and State Governments.
If a person dies from a hit and run motor accident, a sum of Rs. 25,000 is payable; for grievous injury, a sum of Rs. 12,500 is payable.
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