What Is CPA Cover in Car Insurance?

Posted on: Nov 16, 2023 | | Written by:

What Is CPA Cover in Car Insurance?

Published on November 16, 2023. EST READ TIME: 3 minutes

CPA in a car insurance policy

Compulsory personal accident cover or CPA provides coverage to the insured in the event of an accident, which can result in injuries, disability or even the death of the insured. In spite of the coverage not many people know what is cpa cover in car insurance.

CPA is the compensation that one receives at the time of an accident and the amount depends on the extent of the injuries. Personal accident cover in car insurance ensures that car repairs and even medical bills are taken care of. Since accidents can happen at any time and to anyone, the cover will protect the owner of the car and is much needed.

The CPA cover in car insurance offers a coverage of Rs. 15 lakhs. The cover was initially bundled along with the car insurance policy. However, the IRDAI later unbundled the policy. If you already have a personal accident cover, you can choose to skip the CPA cover.

Compulsory personal accident cover’s benefits

Here are some of the perks of having personal accident cover in a car insurance policy.

1. The cover does not require any medical tests or even documentation, making it easier to buy.

2. If there is any disability due to an accident, the policy will cover that.

3. Unlike a lot of other policies, the process of claim is simple and does not have any geographical boundaries.

4. In the unfortunate event of the death of the insured, the compensation will ensure that the loved ones of the insured can continue with their life or pay off debt.

Conclusion

CPA cover in car insurance is quite significant. Since IRDAI has made it mandatory, it ensures that all vehicle owners have the coverage as standard. In the event of any unforeseen circumstances, the plan will compensate the insured or their loved ones. You can choose the cover as an add-on to an existing comprehensive plan as well.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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