Thursday, November 11th, 2010 — A study by the insurance regulator has shown that justice is greatly delayed for road accident victims who have to on an average wait for five years before receiving compensation. The delay is because compensation involves a complex process of claims filing which needs to be routed through the judicial system and it involves different parties. According to a study on motor third party claims, conducted by the Insurance Regulatory Development Authority (Irda) over the past five years, it took five years for accident victims to receive payment from the time of accident in as many as 85% of the cases.