JUDGMENT :

SUDEEPTI SHARMA, J.

1. The present appeal has been preferred against the award dated 02.12.2017 passed by the learned Motor Accident Claims Tribunal, Bathinda (for short, 'the Tribunal’) in the claim petition filed under Section 163-A of the Motor Vehicles Act, 1988, wherein, the appellant insurance company was held liable to pay the compensation to the claimants/respondents to the tune of Rs.9,27,400/- along with interest @ 7.5% per annum, on the ground of quantum of compensation to be on higher side.

2. As sole issue for determination in the present appeal is confined to quantum of compensation awarded by the learned Tribunal, a detailed narration of the facts of the case is not required to be reproduced here for the sake of brevity.

SUBMISSIONS OF LEARNED COUNSEL FOR THE PARTIES

3. Learned counsel for the appellant-Insurance Company contends that the claim petition was filed under Section 163-A of the Motor Vehicle Act, 1988, which provides for assessment of the compensation payable as per second schedule. He further contends that the second schedule does not provide for increase in the income on account of future prospectus, whereas learned Motor Accident Claims Tribunal