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Personal Accident Cover In Two Wheeler Insurance

Updated On Dec 23, 2021

Why is personal accident insurance vital and required? To learn more, read this article.

Life is unpredictably unexpected. Accidents on the road are also a problem. Because catastrophes happen without warning these days, it's better to be prepared to minimize your losses in the event of one. And it is here that one of the most crucial components of bike insurance, personal injury coverage, enters the picture. Personal accident cover in bike insurance, as the name implies, provides you with much-needed financial protection in the event of an accident.

Personal Accident Cover In Two Wheeler Insurance

Personal Accident Cover in Bike Insurance

A personal accident policy provides compensation to you or your dependents in the event of an accident that results in injury or death. It is a legal need to have this coverage in order to ride lawfully on Indian roadways. You have the option of purchasing either personal accident protection with a third-party bike insurance policy or a complete bike insurance policy. Regardless of how you choose to wear the cover, you will be completely protected. You can obtain coverage for the following circumstances under this bike insurance personal accident policy -

  • Unintentional death
  • Due to an accident, I am completely disabled for the rest of my life.
  • As a result of an accident, you've been left with a permanent partial disability.

The personal accident cover has a sum insured of Rs. 1 lakh. The owner or a paid driver who suffers the stipulated contingencies receives 100 percent of the money covered in the first two cases, i.e. accidental death and permanent complete disablement. In the event of permanent partial disablement, however, a proportion of the money insured is paid, based on the degree of the condition. If you want to safeguard the pillion rider in the case of an accident, you may get supplementary coverage for them as well.

Personal Accident Insurance Benefits

Bike insurance with personal accident coverage can be advantageous in a variety of ways. Among the several advantages it provides are:

1. Accidental Death Compensation

The untimely loss of the family's breadwinner may cause great pain to the family. However, if you have a personal accident policy with your bike insurance, your family would receive 100% of the money protected. During bad times, this might provide some financial security to family members.

2. Compensation for Disability (Partially or Completely)

Death, as well as partial or total incapacity, can have a negative impact on family members. You can get 100% of the total sum insured as compensation if you have a personal accident cover in your bike insurance. In the event of temporary incapacity, the insured is entitled to compensation based on the severity of the injury.

3. Hospitalization Expenses

If the insured has severe injuries as a consequence of the accident and needs to be hospitalized, he or she will be given a monetary allowance to cover the costs. Cash allowance is usually available for up to 50 days after admission to the hospital.

Take Away

This was a broad overview of personal accident coverage in motorcycle insurance, which demonstrates that having personal accident coverage in motorcycle insurance may be a worthwhile investment. By taking care of your financial obligations in the event of an emergency, the cover prevents you from digging a hole in your pocket. Not just because of the numerous benefits it provides, but also because, like third-party bike insurance, it is a legal need to have one. So, grab yours immediately and protect yourself. It is now more convenient to get motorcycle insurance online. You may also compare other bike insurance providers, their pricing, and their network of cashless garages all online in a matter of minutes. You may also renew existing insurance online if you have one. Keep in mind that in India, there are three different forms of bike insurance depending on the coverage they give.

Do read - Common Mistakes While Filling Third-Party Bike Insurance Claim

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.

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