In the light of the aforesaid settlement and joint statement, this appeal is disposed of, modifying the award dated 04.02.2019 in O.P.(M.V) No.1560/2016 passed by the Principal Motor Accidents Claims Tribunal, Kozhikode, by granting an additional compensation of Rs. 10,50,000/-(Rupees ten lakh fifty thousand only), inclusive of interest to the appellants herein, and the said amount shall be deposited by the 3 rd respondent/Insurance Company within a period of two months from the date of receipt of a copy of this judgment, failing which, the said amount will carry interest at the rate of 5% per annum from the date of default. The joint statement will form the part of this judgment. It is further ordered that, the claimant shall furnish the details of PAN card, Aadhar Card and Bank details to enable the insurance company to make the deposit as ordered above within a period of one month from the receipt of a copy of this judgment. In case, they fail to furnish the said details, it shall be open for the insurance company to deposit the said amount before the Tribunal.