NEW DELHI The Supreme Court today said third party insurance of four-wheelers and two-wheelers be made mandatory so that victims of road accidents could get compensation and insurance firms should look into it from a human point of view and not from commercial point.
The apex court said this while referring to the recommendations of the Supreme Court Committee on Road Safety and observed that over one lakh people were dying in India every year in road accidents.
The committee, headed by former apex court judge Justice K S Radhakrishnan, has recommended that at the time of sale of two or four wheelers, third party insurance should be made mandatory for a period of five and three years respectively instead of one year.
In its report, the committee has said that around 18 crore vehicles were plying on the roads of the country out of which only six crore have third party insurance, and victims of road accidents were not getting the compensation as vehicles do not have third party cover.
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