Ans: Yes, as per the India Motor Tariff 2002, it is mandatory to purchase a personal accident cover. The car owner car can purchase this policy with third-party liability cover as well.
What is the meaning of personal accident insurance?
Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance.
What is the difference between personal accident insurance and accident insurance?
A term insurance policy covers the death of the policyholder due to natural reasons or accidental causes. But a personal accident insurance policy would only offer coverage for death and disabilities caused by an accident. It would not cover claims arising due to natural deaths.
Which is not covered in personal accident?
Injuries from a civil or foreign war: If the burns, broken bones, permanent partial disability, permanent total disability, dismemberment, temporary partial disability, temporary total disability, death, hospitalization, etc.
Is personal accident cover necessary? – Related Questions
What are the 2 main types of personal accident insurance policies?
Broadly speaking, there are two types of personal accident insurance – Individual Personal Accident Insurance and Group Personal Accident Insurance. Individual Personal Accident Insurance:The first one is meant for individuals and it offers more coverage compared to the group insurance type.
Which insurance is best for personal accident?
Top 6 Best Accidental Insurance Plan
| Insurer |
Plan Name |
Coverage amount |
| Bajaj Allianz General Insurance |
Personal Accidental Plan |
Rs. 10-25 lakh |
| HDFC Ergo General Insurance |
Personal Accident Plan |
Rs. 2.5-15 lakh |
| Niva Bupa Health Insurance |
Accidental Plan |
Rs. 5-25 lakh |
| Care Health Insurance |
Personal Accident Plan |
Rs. 15 lakh- 25 crore |
Is snake bite covered in personal accident insurance?
Additional benefit equal to sum assured under the policy to the account holder is payable in case the death occurred due to accident. The insured died due to snake bite. As per Rule 16 of the Memorandum of Understanding snake bite is excluded from the accident benefit clause.
Which of the following is not covered under travel insurance?
In general, the following are not covered: Pre-existing diseases. War Risks. Suicide and Insanity.
What is considered a covered accident with Aflac?
Injuries and Emergency Services Covered
Aflac’s accidental injury insurance helps cover a wide span of events, from emergency situations to more common accidents. On one side of the spectrum, we provide coverage for burns, comas, paralysis, concussions, dislocations, and lacerations.
What is unnamed PA cover?
PA Cover for Unnamed Passengers other than the person insured and the Paid Driver and Cleaner: By paying an additional premium, the insurer undertakes to pay the compensation for bodily injuries sustained by the passenger other than you and/or the paid driver/cleaner/a person employed.
How do I claim personal accident insurance?
Documents Required for Death Claims
- Original Death Certificate.
- Post Mortem Report.
- Inquest report.
- Accident report.
- FIR/MLC copy.
- Hospital records.
- News Paper cuttings if any and any other relevant records Chemical Analysis Report if available English Translation of vernacular documents.
Do you want to include PA cover for unnamed person?
You are liable to pay for the injuries that may be caused to the passenger in case of an unfortunate accident. You can ensure the lives of the passengers by availing of PA cover for unnamed passengers. It is important to note that there should not be more than a legally authorized number at the time of the accident.
Is PA cover mandatory for multiple vehicles?
PA cover integrated into motor insurance
A PA cover is meant for the owner/driver. The TP insurance is for any damage to another person’s vehicle. According to the Motor Vehicles Act, 1988, both the TP cover and PA cover are compulsory.
What is zero DEP in car insurance?
Zero depreciation means – If you have nil depreciation cover then you can claim the total cost of replacement of car parts in case of accidental damage. The depreciation value of the damaged parts won’t be deducted from the claim amount. Thus, it helps you save a huge amount.
What does no comprehensive coverage mean?
Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it’s stolen or damaged in an incident that’s not a collision. Comprehensive, sometimes called “other than collision” coverage, typically covers damage from fire, vandalism or falling objects (like a tree or hail).
Is owner/driver cover mandatory?
As a result, the Motor Vehicles Act makes personal accident cover MANDATORY for all vehicle owners in India. The absence of a valid PA cover in insurance can lead to fines for the owner-driver.
Do you want to take PA cover for owner driver?
Every owner-driver must make sure to have at least a basic coverage for personal accidents. Every day, a lot many accidents take place on roads. Therefore, everyone should get them insured against any mishap. Here are some of the coverages you would get if you hold a PA cover policy.
Does the owner drive the vehicle?
An “owner-driver” is the owner of the insured vehicle having a valid driving licence, according to the India Motor Tariff. This personal accident cover provides compensation in case of death or permanent disabilities due to an accident involving the insured vehicle.
Is only third party insurance enough?
A Third-party Liability policy offers a Personal Accident cover for the owner/driver up to Rs. 2 lakhs. This is subject to the terms and conditions mentioned in the car insurance policy. Considering today’s hospitalization and medical treatment charges, such a cover might not be sufficient.
What are the 3 types of car insurance?
3 Types of Auto Coverage Explained
- Liability coverage. Protects you if you cause damage to others and/or their stuff.
- Collision coverage. Covers your car if you hit another car, person or non-moving object (like those darn ornamental rocks cousin Todd has at the end of his driveway). #
- Comprehensive coverage.