Pay insurance premiums on time..
ONE THOUSAND COSTS ONE CRORE!
On 14 March, 2014 at 16:15 Hours, Kunniah Rajashekara Reddy aged 32 years, working as a software engineer in Bosch Company, was about to cross the road near Garebavi playa after finishing the work. While crossing, Mr. Sulaiman Rider of Honda CBR bike, bearing No. KA51 EE 8562, who was riding rashly and negligently, hit him directly. The said person Mr.Reddy Sustained head injury and lost life on the way to hospital. A Case was registered in Madiwala traffic police station against Sulaiman and subsequently he was arrested and produced before the court and his vehicle was seized.
Rider Mr. Sulaiman aged 19 years is a student pursuing BE 2nd Semester in Automobile Engineering, at Oxford College. He is a resident of Naganathapura, near Electronic City, and is the only child of Inayutullah. He had not renewed /paid the insurance premium. So his father who is the owner of the vehicle was also made as an accused.
Now Both Sulaiman and his father have to face criminal charges and also have to pay a huge estimated compensation of Rs. 1 Crore to the deceased person’s family members (house wife and a 3 year old male child) on their own as their vehicle insurance has expired .Since the deceased person was a software engineer, the compensation amount claimed could be as high as a crore as per the legal experts.
See the fate, one person has lost his life , and the deceased family members have to suffer on one side while on the other , Mr. Inayutullah who is doing scrap business should prepare to pay the huge compensation even though he belongs to low income group.
“One thousand costs one crore.” This is a great lesson for the negligent drivers and for those who do not pay insurance premiums on time.