Personal Accident Car Insurance Cover In India

• Protect yourself with third party or comprehensive cover
• Use bumper to bumper policies to reduce your liability
• Enjoy facilities like zero depreciation and roadside assistance covers

It is mandatory for every car owner in India to insure his or her vehicle with a third-party liability only cover at the least. Based on the type of coverage, there are two kinds of insurance policies available in the market, comprehensive car insurance policy and third-party liability only policy. A comprehensive insurance policy is an extensive insurance policy covering third-party liabilities as well as own damage liabilities at the time of a mishap. A third-party liability insurance policy offers coverage only for third-party liabilities incurred from a mishap.

What is a personal accident cover?

A personal accident cover is one of the popular add-ons/riders available in the insurance market. You can add this rider to your base insurance policy and enjoy the benefits and features from the same for an additional premium. Under this insurance add-on, you, the owner of the insured vehicle or the driver of the insured vehicle may or may not be covered depending on your employment status. In case a mishap leads to permanent loss of your limbs or arms, you can raise a claim to receive the complete insured amount without any deductions. In case of your unfortunate death, the person you have declared as your nominee in your insurance policy will receive the complete insurance claim amount. However, if you or the driver driving the vehicle at the time of a mishap does not hold a valid driving license, there is a high chance that your insurance claim could be denied by your insurer. In case you have a number of vehicles, you have to insure each one separately with a separate personal accident cover, as this add-on covers only one vehicle.

In some cases, where you have suffered severe injuries or have died an unfortunate death, a few of the insurers offer tax-free compensations. The insured amount is paid either in lump sum or in installments. However, there are certain conditions that you need to fulfill at the time of making a claim to enjoy the benefits of personal accident cover. In case you have undergone serious injuries, you are eligible to receive a higher claim amount depending on the insurance coverage offered by the chosen policy/rider.

Features of personal accident cover in car insurance

• A personal accident cover has the following features:
  • Permanent total disability cover – In case you undergo serious injuries from a mishap, resulting in total or permanent disabilities, you are eligible to receive the full claim amount from the insurer.
  • Permanent partial disability cover – In case of a mishap where you are partially or permanently disabled due to the injuries sustained, you will receive a certain percentage of the insured amount depending on the extent of your disability.
  • Temporary total disability cover – In case you become temporarily disabled as a result of the injuries sustained by you from the mishap, the insurer will give you a weekly allowance from the insured amount over a set time period.
  • Death cover – If the mishap leads to your unfortunate death, the entire claim amount will be given by the insurer to the person you nominated in your insurance policy.
  • Accident hospitalisation cover – In case of a mishap where you have sustained several injuries and need to be hospitalised for further treatment, you can opt for the accident hospitalisation cover wherein the insurer will pay for your treatment at the hospital.
  • Transportation of mortal remains – In case a mishap leads to your unfortunate death, the insurer will pay your nominee a certain amount that covers the cost of transporting your mortal remains from the hospital to your home.
  • Education grant – In case of your untimely death, under the education grant portion of the personal accident cover, the education of your child, if you have any, will be covered by the insurer depending on the set conditions and terms of the policy.

• A personal accident cover comes with the following benefits:

  • This add-on cover offers financial protection against unforeseen liabilities at the time of a mishap.
  • It enables you to receive compensation in case of minor injuries sustained as a result of the mishap.
  • For a higher insurance premium, you can receive a good personal accident cover with added benefits that are offered by a few of the insurers in India.
  • Other than death, injuries that result in loss of livelihood and permanent disability, some of the insurance policies come with financial protection against liabilities towards temporary and/or partial disabilities.
  • This rider provides you with an additional security and financially protects you from unforeseen liabilities due to injuries and other expenses.