Are you thinking about getting car insurance?
You may have heard of Personal Accident Insurance, but it can be difficult to clearly understand what kind of compensation it provides.
This page introduces the characteristics, coverage, advantages and disadvantages of “Comprehensive Coverage Car Insurance”.
What is the Personal Accident Car Insurance
Personal Accident covers expenses if the insured person is injured or killed in an accident.
The detailed scope of coverage is explained below, but primarily, if the driver is injured, hospital fees, medical expenses, and other costs will be covered.
If the driver dies, a benefit will be paid to his or her family.
Drivers who already have Personal Accident coverage do not need to join, but if they do not, they will be required to join.
Personal Accident is included as part of Comprehensive Coverage or Third party liability policies.
Introduce about Personal Accident Cost
As for the cost of Personal Accident, currently for a personal injury cover policy of Rs 1.5 million, the premium is fixed at Rs 750.
Personal Accident is available as a standalone type or as a type included in insurance bundles.
If you don’t have Personal Accident yet, we recommend the bundled plan, as it is cheaper than individual plans.
Personal Accident is for people, so even if you have multiple cars, once you have joined the plan, you do not need to join again.
What will happen if you hire a paid driver and get injured?
What happens if you hire a paid driver, they drive and either they or you get injured?
In the above cases, the paid driver will be liable to pay for the expenses incurred due to his/her injuries according to the Workers’ Compensation Act.
Personal Accident insurance is mandatory for car owners, so if you are injured, your expenses will be covered.
It is possible to insure other drivers besides the owner for an additional premium.
If you have an insurance policy, you will also be covered for expenses incurred by your hired driver.
What happens if a family member or friend is injured while riding with you in a car?
If you are carrying a family member or friend as a passenger and that passenger is injured, you would not normally be compensated for those injuries.
However, you can add an option to cover your passengers as well.
The compensation amount is usually up to Rs 200,000.
What compensation Personal Accident Car Insurance
Personal Accident primarily covers injuries or death of the insured person.
In the event of the insured’s death, the insured’s family receives the benefit.
| Nature of Injury | Scale of Compensation |
|---|---|
| Death | 100% |
| Loss of both limbs, both eyes, one limb, or one eye | 100% |
| Loss of a limb or an eye | 50% |
| Permanent total disability (e.g. paralysis due to an accident) | 100% |
| If an accident causes permanent disability of a body part | A fixed percentage of the insured amount |
| If you are temporarily unable to work due to a temporary total body disability (such as an accident involving a broken leg) | Weekly payments of 1% of the sum insured up to a maximum limit (up to 100 weeks) |
What don’t compensation Personal Accident car insurance
- Self-harm
- Impairment and death due to drunk driving
- Injury or death caused by illegal conduct
- Adventure-related injuries and deaths
- Directly or indirectly caused injury or death
- Disability or death occurring, continuing or sustained outside the geographic area
What Advantages and Disadvantages Personal Accident
What Advantages Personal Accident
Costs will be covered in the unlikely event
If you have a serious accident and are injured, you will not be able to receive adequate medical care if you do not have money. Also, if you die, your family will suffer greatly. In such a case, Personal Accident will provide you with financial compensation.
Protects passengers and drivers
With Personal Accident, you can pay an additional fee to cover the costs of injuries sustained by paid drivers, family members, friends, and other passengers. You are not always alone when driving a car. It is a good idea to take out Personal Accident insurance to help others.
What Disadvantages Personal Accident
Membership is mandatory
Personal Accident is mandatory to join in the first place. There is no option to not join. Basically, it is included as part of Comprehensive Coverage or Third party liability policy.
There are cases where compensation is not available depending on the content.
Personal Accidents may not be covered depending on the circumstances. Accidents that are not accidental or passengers who are not subscribed to the option will not be covered. Please make sure to check the cases that are covered.