Personal Accident Cover in Car Insurance

In the light of such data, the need for car insurance is indispensable. Personal accident insurance covered under such auto insurance plans mitigates the effects of an accident in the best possible ways. The accident insurance in motor car insurance also protects your loved ones financially by providing compensation to the nominee if the owner-driver’s unfortunate demise occurs.

What is Personal Accident Cover in Car Insurance?

Personal accident cover is a means of protection for owner-drivers against accident-related injuries or financial security to their loved ones in case of owner-driver’s accident-related death. The financial security motor car insurance companies grant you permission to drive stress-free.

A personal accident policy assists in paying off the medical bills as per the predetermined norms of the insurance policy. The policy can also take care of your financial commitments when you are unable to fulfil them post an accident. This includes situations involving disabilities, bodily injuries, and/or loss of a body part.
Additionally, it provides a lump sum payout to the family in case of your unfortunate demise due to a vehicular accident while you are driving the car.

Read more: What is Personal Accident Insurance

Personal Accident Cover for Passengers/Driver

Personal accident cover is mandatory for owner-drivers. But covering the passengers and/or other drivers involves different options. One option is to pay an extra premium and add the driver to your accident cover. In this case, only the diver listed under your policy can claim the financial benefits from an accident. If the car is driven by some other driver during the accident and the person is not under your policy, he/she cannot claim any benefit.

Similarly, you need to add co-passengers to your accident policy. And only those listed passengers are eligible to receive accident benefits from your policy.

Personal Accident Cover with Tata AIG Car Insurance

Tata AIG's motor car insurance is loaded with a wide variety of coverage options. The personal accident cover of ₹15 lakhs ensures that an accident does not leave you financially drained due to medical costs arising from the treatment of your injuries. The policy also protects your purse against the repair costs incurred on your damaged vehicle and liabilities to the third parties involved in the accident.

Tata AIG car insurance policy allows you to renew car insurance in 30 days. You also get an evaluation period of 15 days, within which you can decide to cancel the policy.

Conclusion

Thus, a personal accident cover is an umbrella that ensures the safety of all those under its protection plan. Accidents are very common on Indian roads. The best way to deal with them is to stay financially protected. You can avail of outstanding monetary benefits for owner-drivers with TATA AIG's insurance for car.

A quick recap of the article through some commonly asked queries

What is covered under accident insurance?

An accident insurance policy covers losses such as partial or total disabilities, accidental bodily injury, and disabilities of temporary or permanent nature. In case of the insured's demise, the insurer provides the nominee with 100% compensation.

Does insurance cover accidental death?

Yes, accidental death is covered by both life and personal accident insurance. Life insurance covers death from natural causes or accidents. But insurance of a four-wheeler only covers accidental deaths.

What is personal accident benefit cover?

A personal accident policy is a protection that you seek against injuries caused by accidents of any sort. The injury may result in partial or total disability, bodily injuries, loss of limbs or speech, or, in the worst-case scenario, the death of the insured. Accident insurance ensures financial protection against all such odds.

What covers accidental death?

Accidental death involves death occurring from a motor vehicle collision, air, road, or rail accident, fire explosions, or the like. Some events are classified as non-accidental. Car insurance lists such events as exclusions. Some of the common exclusions include suicidal attempts, driving when intoxicated, and indulging in hazardous sports.

Please refer policy wordings to know about PA cover in Car insurance

A Personal Accident Cover in car insurance provides financial protection against injuries, disabilities, or death resulting from vehicular accidents. This coverage is crucial as it offers monetary compensation to the policyholder or their beneficiaries, ensuring financial stability during challenging times.​

Importance of Personal Accident Cover:

-Financial Security: Accidents can lead to significant medical expenses, loss of income, or, in severe cases, death. A PA cover in car insurance ensures that the insured or their family receives a lump-sum payment, easing financial burdens during recovery or in the event of the policyholder's demise.​

-Mandatory Requirement: In many regions, including India, car insurance with personal accident cover is legally mandated for vehicle owners. This ensures that individuals are protected against unforeseen circumstances arising from road accidents.​

-Comprehensive Protection: While standard car insurance policies cover damages to the vehicle and third-party liabilities, they might not address the policyholder's injuries. A car insurance personal accident cover fulfills this gap by offering compensation for bodily injuries, permanent disabilities, or death resulting from accidents.​

-Peace of Mind: Knowing that a financial safety net is in place allows individuals to drive with confidence, knowing that they and their loved ones are protected against the uncertainties of the road.​

The Indian government mandates a Personal Accident Cover for all vehicle owners. India Motor Tariff 2002 has integrated the personal accident cover with car insurance policies. This means that the accident cover already forms a part of the liability-only policy as well as the comprehensive car insurance policy. This ensures protection for all owner-drivers against accidental losses. The absence of a personal accident cover can attract legal consequences.

Read more: What are the Risks Covered Under Comprehensive Car Insurance

Vehicle owners earlier had to buy a new accident cover for every vehicle that they purchased. But the Insurance Regulatory and Development Authority of India, or IRDAI, has now unbundled the personal accident cover from car insurance. This new act, effective January 2019, has replaced the former rule of purchasing an accident cover with every new vehicle. Personal accident insurance is, therefore, now a one-time investment with options of a lifetime renewal. This is helpful to reduce the financial burden on vehicle owners.

• Financial protection against disability or death
• Predetermined depreciation slabs
• Car insurance add-on covers for added features as and when required
• Online mode for purchasing the policy
• Hassle-free claim submission process. Insurance providers address accidental claims with priority
• Surplus benefits in the form of employment coverage, funeral expenses, vehicle alteration benefits, educational allowances, and benefits of home modification

The premium amount you pay towards a personal accident cover is based on your occupation and age. Some of the insurance providers may even assess your medical history before quoting a premium.
Your premium estimation is also subject to your choice of coverage. Tata AIG car insurance has various coverage plans under its insurance for cars. As the benefits and principal sum varies across the plans, so does the purchase price of the policy. The plan you opt for depends upon your requirements and budget. But your decision will eventually determine the premium.

While a PA cover in car insurance offers extensive protection, certain situations might be excluded. Let’s take a look at them below:**

-Acts of war or terrorism: Claims arising from these events are excluded due to their unpredictable and large-scale nature.

-Existing physical disabilities or pre-existing diseases: Coverage doesn't extend to conditions present before the policy, as these aren't directly caused by a new accident.

-Mental disorders: These are typically excluded as they are considered separate medical conditions.

-HIV or AIDS: These are excluded as they are specific medical conditions not directly related to accidents.

-Congenital anomalies: Birth defects are not covered, as they are pre-existing conditions.

-Intentional injury claims: Deliberate self-harm or injuries inflicted by the policyholder are excluded.

-Injuries arising from participation in adventure sports, including: Bungee jumping, mountaineering, and river rafting. These high-risk activities are excluded due to the increased probability of injury.

Personal accident cover is mandatory for owner-drivers. But covering the passengers and/or other drivers involves different options. One option is to pay an extra premium and add the driver to your accident cover. In this case, only the diver listed under your policy can claim the financial benefits from an accident. If the car is driven by some other driver during the accident and the person is not under your policy, he/she cannot claim any benefit.

Similarly, you need to add co-passengers to your accident policy. And only those listed passengers are eligible to receive accident benefits from your policy.

Tata AIG's motor car insurance is loaded with a wide variety of coverage options. The personal accident cover of ₹15 lakhs ensures that an accident does not leave you financially drained due to medical costs arising from the treatment of your injuries. The policy also protects your purse against the repair costs incurred on your damaged vehicle and liabilities to the third parties involved in the accident.

Tata AIG car insurance policy allows you to renew car insurance in 30 days. You also get an evaluation period of 15 days, within which you can decide to cancel the policy.

Read more: 5 Types of Car Insurance Coverage

Thus, a personal accident cover is an umbrella that ensures the safety of all those under its protection plan. Accidents are very common on Indian roads. The best way to deal with them is to stay financially protected. You can avail of outstanding monetary benefits for owner-drivers with TATA AIG's insurance for cars.

What is covered under accident insurance?

An accident insurance policy covers losses such as partial or total disabilities, accidental bodily injury, and temporary or permanent disabilities. PA cover in car insurance ensures financial security for the insured. In case of death, the insurer provides the nominee with 100% compensation, offering crucial protection under car insurance with personal accident cover.

Does insurance cover accidental death?

Yes, accidental death is covered under both life and car insurance personal accident cover. While life insurance covers both natural and accidental deaths, personal accident cover in car insurance only compensates for accident-related fatalities. This coverage ensures financial support to the insured’s family in case of unforeseen road accidents.

What is personal accident benefit cover?

A PA cover in car insurance protects against injuries caused by accidents, including partial or total disability, bodily injuries, or loss of speech or limbs. In extreme cases, personal accident cover in car insurance offers financial compensation for accidental death, ensuring the insured’s family remains financially secure.

What covers accidental death?

Accidental death involves death occurring from a motor vehicle collision, air, road, or rail accident, fire explosions, or the like. Some events are classified as non-accidental. Car insurance lists such events as exclusions. Some of the common exclusions include suicidal attempts, driving when intoxicated, and indulging in hazardous sports.

Is it mandatory to buy personal accident cover?

Yes, personal accident cover with car insurance is mandatory for vehicle owners as per Indian regulations. Car insurance personal accident cover ensures financial compensation in case of accident-related injuries or fatalities. This coverage is essential for financial stability for the insured and their family in case of unforeseen incidents.