Advantages Of Personal Accident Cover With Two Wheeler Insurance

Written by Sharad Bajaj

Updated On Mar 31, 20212 min read

Two wheelers are at greater risks for accidents than other vehicles. In addition to injuries, the risks of accidents are extremely grave. Personal Accident Cover allows a financial protection to the owner/rider and their family in case of an unfortunate event, that is, an accident occurring.

Bikes have many advantages when it comes to smooth and easy commuting, allowing us to travel from one place to another with great ease due to their small size and easy controllability. However, they also come with risks, one of which is they are prone to accidents and ending up in an accident when riding a bike can be a dangerous situation for many reasons. The injuries sustained in such a situation can be extremely devastating financially, in addition to the other complications to your health. For this reason, personal accident cover is extremely advisable and necessary when it comes to bikes. Let’s read all about what advantages and benefits we can get from it.

What is a Personal Accident Cover?

Personal Accident Cover in two-wheeler insurance offers coverage for accidental injuries or death suffered by the owner/rider on the two wheeler. Coverage for the pillion rider can be additionally purchased. Some Bike insurance companies will offer Personal Accident Cover as part and parcel with the comprehensive Bike insurance policy.

What are the Benefits of Personal Accident Cover?

The following are the benefits gained from having Personal Accident Cover:

1. Benefit in Case of Accidental Death

If for example, the untimely death of the family’s breadwinner occurs in a two wheeler accident, such a situation can create great financial difficulty for the family in question. Personal Accident Cover in such a situation would be extremely beneficial as it would offer 100% of the insured amount to the family in this instance.

2. Compensation in Case of Disability

If the owner/rider sustains any disability as a result of a two wheeler accident, there would be compensation from the insurance company. Permanent disability would result in total compensation and partial or temporary disability would result in a percentage of the total insured amount being compensated.

3. Hospital Bills

There is often a cash allowance with the policy to take care of expenditure arising from a hospital stay, up to a total of 50 days in the case of most policies.

4. 24/7 Claim Assistance

Most companies offering Personal Accident Cover also offer 24-hour claim assistance and roadside assistance, ensuring that the process of raising a claim is as seamless as possible.

Conclusion

The bottom line is that taking up a Personal Accident Cover when riding a two wheeler is of utmost importance. In the aftermath of an unfortunate event like an accident it can provide invaluable financial protection and protect the owner/rider or their family from unmanageable financial dues that would otherwise arise. It is a coverage you are definitely advised to take.

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

Written by Sharad Bajaj

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Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.