Shri. Cyrus Mistry died in a car accident on 4th September, 2022. His death is a great loss. May his soul rest in peace. Let us examine this accident from motor insurance perspective.
Facts: Cyrus Mistry (54) scion of the multi-billion-dollar Shapoorji Pallonji Group and former head of Tata Sons was travelling in Mercedes-Benz GLC (MH47AB6705) to Mumbai along with three others died. Dr Anahita Pandole, her husband Darius Pandole survived the crash; Jehangir Pandole, brother of Darius also died. Mistry was married to Rohiqa Chagla, has two sons, Firoz Mistry and Zahan Mistry.
Kindly remember the following:
|S.No||Description of Loss||Approximate Claim Amount (Rs)|
|1||Mercedes-Benz GLC 220d 4MATIC (2017) – 50% depreciation of original IDV between 4-5 years||35,00,000|
|2||Death of Third Parties (M/s Cyrus Mistry & Jehangir Pandole) @ Rs. 7,50,000 each||15,00,000|
|3||Damage to Third Party property – Road divider on bridge over Surya River*||5,00,000|
|4||Medical Expenses to Anahita Pandole (55), who was driving the SUV, and Darius Pandole (60), both seriously injured – Actuals to be paid subject to maximum liability limitation||5,00,000|
|Total Approximate Claim Payable by the Insurer||60,00,000|
* The concerned authority for the roads and bridges must claim from the insurer for the damage to the road divider on bridge over Surya River.