Personal Accident Cover in Bike Insurance

Understanding Personal Accident Cover

Personal Accident Cover is an add-on in bike insurance that offers financial compensation in case of accidental injuries, disability, or death of the bike owner. It ensures that medical expenses and income loss due to accidents do not burden you or your loved ones.

How Does Personal Accident Cover Work?

The PA cover is issued only if the bike owner has a valid driving license. In the unfortunate event of an accident, this cover helps pay for hospitalization, medical expenses, and even compensates for permanent or partial disability. It acts as a safety net against the rising cost of healthcare and income disruption.

Importance of Personal Accident Cover

Road accidents are the most unwanted and unpredictable events in India. The primary cause of these accidents is poor road infrastructure, such as potholes, eroded roads, diversions, incomplete projects, illegal speed breakers, etc. Since two-wheelers are more prone to get involved in road accidents due to these negligence, it becomes essential to buy PA cover. It offers financial coverage up to ₹ 15 Lakh.

Is Personal Accident Cover Mandatory for Bike?

Yes. As per the Motor Vehicle Act, 1988, all two-wheeler owners must have third-party insurance, and since January 2019, PA cover is also mandatory, regardless of whether you have third-party or comprehensive insurance.

Recent Regulatory Updates

• PA cover is mandatory for all bike owners. Whether you have third-party bike insurance or a comprehensive bike insurance policy, it is necessary to purchase it.
• A Personal Accident cover has a maximum coverage limit of ₹ 15 Lakh in case of permanent disability or death of the policyholder in a road accident.
• If the owner has a personal accident policy for his existing vehicle, they do not have to purchase a separate PA cover for their new bike. Their existing cover can provide coverage in case of any injuries while driving their new motorcycle.

Coverage Under Personal Accident (PA) Cover in Bike Insurance

Inclusions of PA Cover

• 100% payout to nominee in case of the policyholder's death due to a road accident.
• 100% compensation for loss of two limbs/sight in both eyes or one limb and one eye of the policyholder.
• 50% compensation for loss of one limb or sight in one eye of the policyholder.
• 100% compensation for permanent total disability of the policyholder.

Exclusions of PA Cover

• No coverage is provided in case the policyholder suffers injuries or death due to riding under the influence of intoxicated substances, such as alcohol or drugs.
• No coverage if accidental injuries happen to the policyholders outside the geographical area mentioned in the policy documents.
• No coverage for self-harm or injuries.

Key Benefits of Personal Accident Cover in Bike Insurance Policy

If you are still wondering about the advantages of a Personal Accident cover, check the below pointers:

1. The policyholder's nominee will receive 100% of the sum insured in case of an unfortunate death in a road accident.
2. Suppose a policyholder suffers severe injuries in a road accident, further leading to permanent or temporary partial/total disabilities. In that case, a personal accident cover will compensate the sum insured as per the terms & conditions of the policy.
3. With the PA add-on cover in bike insurance, the policyholder will receive a daily cash allowance as hospitalization charges, up to 50 days maximum, if they get hospitalized due to severe injuries.
4. Policybazaar.com will give you 24/7 claim assistance if you have any claim-related issues. The team is ready to assist you and help you utilize the benefits of personal accident coverage in your bike insurance policy.

How Can You Buy Personal Accident Cover in Bike Insurance Online?

As mentioned, Personal Accident coverage in bike insurance is mandatory for all bike owners; you can easily buy it online.

You can follow the below procedure to purchase a PA cover with your bike insurance online:

• Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited and click on the 'Two-Wheeler Insurance' button available on the 'Insurance Products' drop-down button.
• Step 2: Enter all the necessary details, including the two-wheeler registration number.
• Step 3: Compare and choose the best bike insurance plan as per your needs & budget.
• Step 4: Choose the mandatory Personal Accident cover with your primary plan. However, this will slightly increase your overall premium but give you ample coverage at times of need.
• Step 5: Enter all the details, including owner, vehicle, and nominee details.
• Step 6: Pay the displayed premium amount through debit/credit card, UPI, or Internet Banking (at your convenience).
• Step 7: The insurance provider will issue your bike insurance policy along with a PA cover and send it to your registered email ID.

How to Claim Personal Accident Cover in Bike Insurance Online?

To claim the Personal Accident cover in your bike insurance online, follow the below procedure:

• Step 1: Inform the insurance provider at the earliest about the incident without any delays.
• Step 2: File an FIR at your local police station.
• Step 3: Download the claim form, fill it out, and submit it along with the supporting documents.
• Step 4: Policybazaar.com will verify the details and settle the claims accordingly.