ALL ABOUT PERSONAL ACCIDENT COVERAGE IN CAR INSURANCE

What is Personal Accident Cover in Car Insurance?

Personal Accident Cover Car Insurance, as its name implies, guards against the possibility of physical injury or loss of life brought on by an accident. Similar to general insurance, which provides financial compensation, the coverage is provided simultaneously with car insurance.

 

 

 

 

Accidents may render you permanently incapacitated, which would place a significant financial and medical burden on you. You can feel at ease about these costs with the help of this personal accident coverage. Additionally, the policy's nominee will be compensated in full in the event of death.

Personal Injury Protection Insurance:

The following features of coverage are available under Personal Accident Cover Car Insurance:

• Permanent Total Disability: In the event of a total disability, you are entitled to the whole amount insured. Due to an unfortunate incident, this is paid to the insured.
• Accidental Death: In the sad event of a death, the entire insured sum is paid to the insured person's nominee.

Here is Why You Need Personal Accident Cover Car Insurance?

If you travel or work in an environment that is particularly risky, you may decide to choose personal insurance coverage due to an unexpected accident. If your injuries prevent you from working, you can even find it difficult to make ends meet. A PA cover ensures that you and your family are protected in the event of financial difficulties. Certainly, everybody can benefit from having personal accident insurance.

Eligibility for a Personal Accident Cover Car Insurance Policy Claim:

Benefits under this policy must be paid directly to the insured or his or her legal representatives. This coverage is contingent upon the owner-driver meeting the following requirements:

• the insured vehicle's registered owner.
• the named insured under this insurance contract.
• a person who is classified as having a valid driver's license under Rule 3 of the Central Motor Vehicles Rules.

Personal Accident Cover Add-Ons:

In addition to your insurance coverage, you may benefit from the following Add-ons:

• PA Cover for Paid Drivers, Cleaners, and Conductors: The insurer agrees to pay compensation for bodily harm sustained by the paid driver, conductor, or cleaner who works for you if the claim relates to the covered vehicle and is paid for with an additional premium.
• Other than the person who is insured, the paid driver, and the cleaner, PA Cover for Unnamed Passengers: The insurance agrees to pay the compensation for bodily injuries suffered by a passenger other than you and/or a paid driver, cleaner, or employee in exchange for an additional premium.

Advantages of purchasing personal accident insurance in addition to auto insurance

The following are some perks and benefits of this insurance coverage:

• In the event of a sad accident, financial support.
• Unnamed passengers who are not insured are compensated similarly to the principal policyholder for an additional premium.
• Additionally, you can make paid drivers, cleaners, or conductors who work for you eligible for compensation by paying an additional premium; the amount is comparable to that received by the insured.

What the Personal Accident Insurance Covers:

The coverage covers accidental death and total permanent disability, including:

• The nominee will get the full amount of the insurance policy in the event of the owner-accidental driver's death.
• The insured will get the full amount of the insurance policy in the event of permanent disability.
• The insured is entitled to 100% of the insurance coverage if the owner-driver loses both limbs, both eyes' vision, or both eyes' sight along with one limb.
• The insured will receive 50% of the total insurance amount if the owner-driver loses vision in one or more limbs or eyes.
• The insured will get the money insured with an additional premium for both the nameless passengers and the paid driver, cleaner, and conductor.

FAQs

Q1. What is the entire amount of compensation under the personal accident cover in motor insurance?

For anyone purchasing motor insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated a PA cover of Rs. 15 lakh.

Q2. If I own more than one vehicle, do I need to apply for a different personal accident policy?

According to the most current IRDAI rule, you only need to purchase one policy and cover accident insurance for all of your vehicles.

Q3. Exist any Add-Ons for this kind of insurance protection?

The use of add-ons, such as covering for your hired driver, cleaner, or conductor as well as nameless passengers, is permitted. The Add-ons, however, come with an additional charge.

Q4. What records or details are needed to submit a claim?

Below are the case-specific documentation and information needed to file your claim when claiming the sum covered in the event of an unfortunate event:

1. Policy ID.

2. The insured's name and phone number.

3. The accident's date and time.

4. The accident's site.

5. A description of the incident, including how much was lost.

6. Certificate of death and post-mortem.

7. Reporting First Information (FIR).

8. Hospital bills and medical records.

 

Q5. Can I choose a separate vehicle insurance policy while keeping my current PA insurance policy?

Yes, as long as you choose separate auto insurance as a standalone PA plan, you are free to stick with your current insurance provider or choose a better alternative based on your needs.

Q6. Is choosing long-term personal accident cover in motor insurance required?

Long-term Personal Accident (PA) coverage is not required; if you don't already have one, you can choose to purchase a one-year Compulsory Personal Accident (CPA) policy instead.