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Is personal accident insurance compulsory. Now you can opt out from buying this cover with your motor insurance policies subject to. First is the third party insurance which like the personal accident cover is compulsory. Hence since January 1 2019 the mandatory personal accident has just been unbundled from motor insurance purchase.
Optional childrens cover for greater peace of mind. 15 lakh which became a. Ad Quick And Easy Application Process.
It is a compulsory extension to be taken by the owner of the vehicle under Motor Policy whether youre opting for a Comprehensive Package or Third Party Liability Policy. The Compulsory Personal Accident CPA cover by Liberty General Insurance is a standalone compulsory Personal Accident policy exclusively for the owner-driver of the vehicle. Speak To An Expert Now.
Get Accident Hospital Stay Insurance- Giving you financial help when you need it most. HeShe is entitled to the cover only if they possess a. Under this cover all vehicle owner-drivers will be eligible for insurance benefits for.
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It means that these changes are applicable only to vehicle owners who are lawfully able to drive nay owned vehicle on-road. Ad Find out how much your claim could be worth. Thus with this ruling IRDA has allowed vehicle owners to buy single CPA for multiple vehicles.