Insurance and The Motor Vehicle (Amendment) Act, 2019 - Initial Thoughts

Abstract

Road Transport sector plays a crucial role in the socio-economic development of a nation. Sea changes that the sector has seen over the years was a developmental necessity. At the same time the number of road accidents and road fatalities have gone up exponentially, imposing huge socio-economic burden. Many of the existing provisions of Motor Vehicle Act were outdated and some provisions had become irrelevant. With this legislative development in the form of amendments, India should catch-up with the rest of the world in making Indian roads safer and also strengthen the security mechanism designed to help road accident victims.