The policy seems vital especially when the earning capacity of the person is affected.

Is personal accident cover necessary on car insurance. Personal accident insurance should pay out if you suffer a serious injury die as a result of an accident or become totally and permanently disabled. Personal injury protection or PIP is an extension of car insurance that covers medical treatment. Legal cover provides financial protection against legal fees and losses following an accident that was not your fault.

This type of car insurance may also cover lost wages and funeral expenses. With this coverage you get reimbursed for. Personal accident cover also known as personal accident insurance is an optional extra type of cover you can buy with your car insurance.

Under PIP coverage youre covered for medical expenses and rehabilitative costs after a car accident. Under the Motor Vehicle Act 1988 only Third-Party Liability cover was mandatory. Is personal accident cover mandatory.

Whats more this cover is usually extended to everyone named on the policy. The purpose of this movement is to reduce the overall cost of ownership of a vehicle as previously IRDAI has increased the compulsory PA coverage amount from Rs. Purchasing personal injury protection is mandatory when youre buying auto insurance in certain states.

For example it might pay 100000 for the. Under Motor Insurance a Personal Accident is important as the cover gives the owner-driver maximum financial aid in all cases. A rental replacement vehicle.

1 lakh to Rs. Personal accident PA insurance is an optional insurance policy that some may find beneficial and others may simply not need it. This policy protects you from financial liabilities in case of disability or death arising out of a motor accident.