SENSEX
NIFTY
GOLD
USD/INR

Weather

image 34    C

Economy News

The Economic Times

Economy / The Economic Times

details

SC's 30,000 homemaker benchmark may lift accident compensation payouts

A Supreme Court ruling has assigned a notional monthly value of 30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.

17 Jun 2026 1:10 am