What is Personal Accident Cover in Car Insurance

Posted on Oct, 2020

Accidents are unpredictable and uncertain events. They can cause severe consequences and loss of life along with property damage. Therefore, you must stay prepared for such as uncertainty. Personal Accident (PA) is an add-on cover in car insurance that protects you against the risk of physical disability or death due to an accident. It will compensate you against bodily injuries, death or any permanent disability resulting due to an accident. The limit of the PA cover has been defined as Rs.15 lakhs by IRDAI. In case of death of the policyholder, the nominee is entitled to make a 100% claim. However, no claim amount is payable, if the driver or the owner does not have a valid driving license. In case the owner has multiple vehicles, the add-on is applicable for only one vehicle towards which the insurance has been taken.

Personal Accident Cover in Car Insurance

Important Features of personal accident cover

1.Temporary total disability cover

In place of an accident where the policyholder faces several injuries resulting in home confinement, the insurer will provide a weekly benefit for a certain period.

2.Permanent partial disability cover

If an accident leads to a permanent partial disability, the insurer provides a previously decided percentage of the sum assured to the policyholder. The amount will totally depend on the extent of disability.

3.Permanent total disability cover

In case of an accident that results in permanent total disability of the insured, the company is liable to pay the entire sum insured to the policyholder.

4.Death cover

In a case of death of the policyholder because of an accident, the entire sum insured is paid to the nominee.

While buying a personal accident cover in motor insurance, do not forget to go through all the terms and conditions associated with the policy. In case of any doubts or clarifications, feel free to reach out to us at www.pincinsurance.com.