Safety is a priority! Accidents are unplanned; they don't give a chance to even react. These unpleasant incidents can leave you badly injured or dead in some cases. Whether it's your mistake or not you can be the victim of severe road accidents. And, that's the reason you need to buy two-wheeler insurance, and get personal accident coverage. Accidents not only bring financial issues but, emotional shock as well. That's why personal accident cover protects from financial losses that occur due to unknown events. Personal accident cover that comes with a motor insurance policy is available for owner-driver. Thus, whether you are opting for third party liability or comprehensive, personal accident cover is a must. Under a two-wheeler insurance policy, personal accident insurance is issued in the name of the vehicle owner. One of the important things that need to be considered as a vehicle owner is to have a valid driving license. Are you eligible to buy compulsory personal accident cover? - To get the benefit of PA cover, the owner-driver must be the registered owner of the insured car. - The owner-driver name must be mentioned in the two-wheeler insurance policy - The most important thing is to hold a valid driving license for the owner-driver. The coverage criteria of PA insurance for owner-driver In the case of the owner-driver accident, PA cover will compensate the bodily injury, temporary disablement, permanent disablement or death. As per IRDAI guidelines, Rs. 15 lakh is the coverage limit. - Accidental Death: In such a case, the nominee of the insured will be paid the 100% sum insured. - Permanent total disablement: In this case also, the nominee of the insured will be paid the 100% sum insured. - Temporary disablement: The compensation depends on the severity of the injury as per the insurer's policy wordings. This is so obvious why you need to buy personal accident insurance because you need protection against uncertain injury or loss while riding. You have a family to feed and for them, you have to be particular about this cover. You can't deny the hitting of unknown events such as road accidents. It is quite unpredictable and can lead to temporary or permanent injury. That is why you need to prepare for unplanned events to tackle the situation accordingly. Under two-wheeler insurance, it is important to have PA cover as it protects owner-driver. The policy helps to cover financial loss for the victim and the family. As you know third party liability is mandatory to buy as per the Motor Vehicle Act 1988. It was implemented to protect against vehicle loss or damage for the third party. Later, to cover owner-driver against bodily injury as the cases were increasing, PA cover was implemented and made mandatory as a compulsory personal accident cover to provide safety against accidents as well. Final words, so now you know why PA is necessary with 2w insurance. Safety should never be compromised in any case.
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