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:

    • The car tried to overtake another vehicle from the wrong side while negotiating potholes.
    • High Security Registration Plate (HSRP) is a mandatory for vehicles sold before 1st April 2019. Mercedes-Benz GLC 220d 4MATIC does not have a HSRP plate.
    S.NoDescription of LossApproximate Claim Amount (Rs)
    1Mercedes-Benz GLC 220d 4MATIC (2017) – 50% depreciation of original IDV between 4-5 years35,00,000
    2Death of Third Parties (M/s Cyrus Mistry & Jehangir Pandole) @ Rs. 7,50,000 each15,00,000
    3Damage to Third Party property – Road divider on bridge over Surya River*5,00,000
    4Medical 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 limitation5,00,000

    Total Approximate Claim Payable by the Insurer60,00,000

    * 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.


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