Vehicle insurance compensation: New Move from Govt

December 5, 2023 at 12:45 PM

The Ministry of Transportation expects to introduce a legal framework within a month to allow victims of road accidents to obtain compensation without going to court, State Minister of Transportation Lasantha Alagiyawanna said. 

State Minister Alagiyawanna said the necessary regulations in this regard have already been prepared.

Through this new system, the party involved in the car accident will have the ability to get compensation of up to Rs.500,000 without going to court.

According to the nature of the accident, if the amount of Rs. 500,000 is insufficient for the victims, then there is the possibility of going to court and getting adequate compensation, he said.

The State Minister of Transportation further said that the Gazette notification in this regard will be issued soon. 

He added that this system is being introduced to provide relief to the affected parties, as it was difficult for the people involved in car accidents to seek compensation through insurance agencies. (NewsWire)