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Everything you need to know about mandatory personal accident coverage in car insurance

 

Everything you need to know about mandatory personal accident coverage in car insurance

If you don't already have one, you should get personal accident insurance coverage worth Rs.15 lakh if you get an insurance policy on vehicles or bicycles, according to the Insurance Regulatory and Development Authority of India (IRDAI).

If you don't already have one, you should get personal accident insurance coverage worth Rs.15 lakh if you get an insurance policy on vehicles or bicycles, according to the Insurance Regulatory and Development Authority of India (IRDAI). In the event of a car accident leading to disability or death, this coverage protects you from financial obligations. Accidents can leave you permanently disabled, putting enormous financial and medical weight on your shoulders. When it comes to these fees, our personal accident coverage provides you with peace of mind. Furthermore, the policy filter will be fully compensated in the event of death.


Everything you need to know about Cumpolsary's coverage of personal incidents 

The insurance policy, whether for a car or for a personal injury, protects you from financial and other personal damages. In the car insurance policy, personal accident insurance policy coverage is an advantage for the owner and driver. Whether you choose the comprehensive package or third-party liability policy, it is a mandatory extension that the car owner must receive under the car policy.


Personal accident coverage

Personal Collision Coverage (PA) in car insurance protects you from physical harm or death as a result of a car accident. Coverage is provided in conjunction with car insurance, which works similarly to general insurance in that it pays in cash. Under personal accident coverage, you can get the following benefits:


Total and permanent deficit

You are entitled to the full amount insured in case of total disability. This amount is paid to the insured as a result of a tragic event.


Manslaughter

The entire insured funds are paid to the insured individual's candidate in the event of an unfortunate death.


Why do you need personal accident insurance?

If you are travelling or working in a high-risk place, you should consider getting personal insurance to protect yourself in the event of an accident. Moreover, you may find it difficult to cover your expenses if you are unable to work due to an accident. PA cover is a safety net for you and your family, protecting you and your loved ones in case of financial misfortune. Personal accident insurance can be beneficial to everyone. 


Eligibility to file a personal injury claim

Compensation under this insurance will be paid directly to the insured or his legal representatives. The owner and driver must meet the following criteria in order to cover them:


The registered owner of the insured vehicle.

Insured on this policy.

A person has a valid driver's license, as specified in the central rules of cars, Rule 3.

Personal accident insurance additions

You can take advantage of additions in addition to your insurance coverage, which includes:


PA coverage for drivers, cleaners and paid conductors:

If you pay an additional premium, the insurance company agrees to compensate you for the material damage caused by the driver/conductor/paid cleaner you rent, and the claim is for the insured vehicle.

Unidentified passengers other than the insured person, the paid driver and the clean worker: 

If you pay an additional premium, the insurance company agrees to cover compensation for physical injuries suffered by other passengers and/or the tenant driver/cleaner/contracted person.

Take away

To summarize, whatever type of personal accident insurance you choose, be sure to read all terms and conditions accurately to avoid deception with any hidden or misleading ones. Also, check again that you get what you paid before signing the contract. If you have any questions or concerns, contact your insurance provider immediately to inquire and explain so you can get the best possible insurance plan. It is your responsibility to keep your family safe and support them at home.

READ ALSO: Is it possible to add your GST number to your car insurance policy?

Disclaimer: This article is issued in the public interest and is intended for public information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should conduct further research or consult an expert in this regard.

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