
- City & RTO
- Car Brand
- Car Model
- Car Fuel Type
- Car Variant
- Registration Year
-
Renew policy in 2 minutes*
-
21+ Insurers to choose
-
1.2Cr+ Vehicles Insured
We have found best plans for you!! Our advisor will get in touch with you soon.
- Home
- Motor Insurance
- News - MI
- Motor Insurance might Get Costlier with Newly Introduced Sum Insured for Personal Accident Cover by IRDA
Motor Insurance might Get Costlier with Newly Introduced Sum Insured for Personal Accident Cover by IRDA
Due to the increase in the sum insured, the auto insurance policies’ premiums will rise by minimum Rs 650. It is necessary for the personal accident cover, which one needs to buy for vehicle insurance. The IRDA of India has released a circular on the 20th September which states that all general insurance companies have to amplify the sum that is insured under the mandatory personal accident cover to Rs 15 Lakh. The existing cover is of Rs 1 Lakh for 2-wheelers and Rs 2 Lakh for 4-wheelers. The Madras high court directed the regulator and all insurance companies have time until 25th October to file the products, which should be in correspondence with all the new guidelines.
What is a necessary personal accident cover?
As per the India Motor Tariff in 2002, the motor insurance policy should also have a mandatory personal accident cover as a part of it. This type of cover is valid in both the cases: if an individual buys an only comprehensive policy or a third-party policy, which consists of both - the own-damage and third-party covers.
Till now, Rs 50 was the premium for a compulsory personal accident cover for a two-wheeler for a cover of ₹1 lakh. Rs100 was the premium for a private car or a commercial vehicle for a cover of ₹2 lakh. A uniform cover of Rs.15 Lakh is now applicable for all 2-wheelers, all private cars and any commercial vehicles at a premium of just Rs. 750 excluding taxes. As an add-on cover, an insurance company can also offer a higher sum insured for all personal accidents.
Find similar car insurance quotes by body type
































Explore More Under Car Insurance
- Motor Insurance
- Car Insurance
- Zero Dep Car Insurance
- Compare Car Insurance
- Car Insurance Calculator
- Third Party Car Insurance
- Comprehensive Car Insurance
- IDV Calculator
- Car Insurance Companies
- Own Damage Car Insurance
- Electric Car Insurance
- Pay As You Drive Insurance
- Renew Expired Car Insurance
- Used Car Insurance
- NCB in Car Insurance

Car Insurance Articles
- Recent Article
- Popular Articles

Can I Add Personal Accident Cover Later if I...
Insurance providers allow you to add a Personal Accident (PA)
Read more
Car Insurance Renewal in India: A Complete Guide
Have you found yourself delaying (and eventually forgetting) about
Read more
New Car Insurance Guide: What to Know Before...
More than 43 lakh new vehicles were sold in India in 2024 alone
Read more
Why There's a Rising Demand for Usage‑Based Car...
With the growing number of motorists in India demanding fairer
Read more
Car Insurance for Self-Driving or Autonomous...
Autonomous or self-driving vehicles are the future, as all major
Read more
How to Get Your Duplicate Car Insurance Policy...
Losing your car insurance documents can be daunting, especially when you need them in an emergency or for a routine
Read more
How to Transfer Car Insurance Policy?
Buying a car, even second-hand, is a big decision, and often, people overlook the essential documentation involved
Read more
Get Vehicle Fitness Certificate from RTO...
A vehicle fitness certificate (FC) ensures that a motor vehicle is fit to be driven on roads. As per the Indian
Read more#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.