https://www.taxtmi.com/caselaws?id=196593 Amounts received under a deceased person's life insurance policy are not deductible from compensation under the Motor Vehicles Act, 1939. The statutory power to award "just" compensation under Section 110-B has a broader and more beneficial scope than the older fatal accidents regime. Life insurance proceeds arise from contract and premium payments, and are payable independently of accidental death, so they have no necessary correlation with the pecuniary loss caused by the motor accident. The loss-and-gain principle applies only to advantages flowing from the accidental death itself, not to contractual or savings-based benefits. The claimants are therefore entitled to full compensation without set-off. en-us Fri, 18 Sep 1998 00:00:00 +0530 Fri, 08 Dec 2017 12:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196593 Amounts received under a deceased person's life insurance policy are not deductible from compensation under the Motor Vehicles Act, 1939. The statutory power to award "just" compensation under Section 110-B has a broader and more beneficial scope than the older fatal accidents regime. Life insurance proceeds arise from contract and premium payments, and are payable independently of accidental death, so they have no necessary correlation with the pecuniary loss caused by the motor accident. The loss-and-gain principle applies only to advantages flowing from the accidental death itself, not to contractual or savings-based benefits. The claimants are therefore entitled to full compensation without set-off. Case-Laws Indian Laws Fri, 18 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196593