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IRCSL Introduces alternative compensation system for motor vehicle accident victims

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The Insurance Regulatory Commission of Sri Lanka (IRCSL) has implemented a new system aimed at providing compensation to third-party victims of motor vehicle accidents or their legal heirs, without the need for court proceedings. Effective from March 1, this alternative method offers compensation up to a maximum of Rs. 500,000.

In collaboration with the Transport and Highways Ministry and other stakeholders in the transport sector, the Commission introduced this system to streamline compensation processes. Importantly, the existing legal avenues for compensation remain unaffected by this initiative.

Under this scheme, pedestrians and cyclists who are killed or permanently disabled in motor vehicle accidents are eligible for compensation. The insurance company covering the motor vehicle involved in the accident will provide the relevant compensation.

To claim compensation, applicants must complete the application provided in Circular No. 03 of 2024 issued by the Insurance Regulatory Commission and submit the required documents to the insurer within six months of the incident. Compensation amounts to Rs. 500,000 for death and up to Rs. 500,000 for permanent disability, subject to specified limits.

It’s crucial to note that death or disability must result from the motor vehicle accident and occur within 12 months of the incident. Additionally, if the compensation provided under this system is deemed insufficient, victims or their legal representatives retain the option to pursue legal recourse through court proceedings.

This alternative compensation system aims to expedite the process of providing relief to motor vehicle accident victims and their families, ensuring timely support during challenging circumstances.

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‘Krrish’ case to be taken up again on Sep. 26

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The Colombo High Court has ordered the re-convening of the case filed by the Attorney General against Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa on September 26.

The case pertains to allegations that Rajapaksa received Rs. 70 million from the Indian company ‘Krrish’ under the pretext of promoting the game of rugby.

Rajapaksa, appeared before the court when the case was taken up today (June 27).

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2 NPP members at Weligama PS go missing (Video)

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Tensions erupted at the Weligama Pradeshiya Sabha today (June 27) after 02 National Peoples’ Power (NPP) members were reportedly abducted.

The incident had occurred just before a scheduled vote to elect a new chairman.

The members, who were en route to attend the session, have reportedly gone missing, prompting the suspension of proceedings.

It has been proposed to proceed the council session if the missing members arrive.

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Customs urges to re-export substandard salt imports

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Sri Lanka Customs has recommended the re-export of 05 containers of imported salt after they failed to meet national quality standards.

According to Customs Spokesperson Seewali Arukgoda, all salt containers brought into the country are subject to rigorous standards testing. The five containers in question were found to be non-compliant with Sri Lanka Standards Certification requirements.

According to Customs, approximately 2,000 containers of salt have been imported under the relevant import permit.

Earlier, The Sri Lanka Salt Manufacturers Association has announced that salt will now be sold under newly set Maximum Retail Prices (MRP), following an agreement with the Consumer Affairs Council.

This move comes after import restrictions were relaxed, and sufficient salt stocks have arrived in the country. The MRPs are as follows :

1 kg granular salt – Rs.180
1 kg salt powder – Rs.240
400 g salt powder – Rs.120

The Association stated that while distribution has begun, it may take a few days for the packaged salt to reach outlets islandwide. Consumers can expect to purchase salt at regulated prices once full distribution is in place.

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