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Secure Your Ride: Understanding the Need for Personal Accident Cover

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Life is unpredictable, and accidents may occur when we least expect them. Whether it’s a collision with another vehicle, a slip on a wet road, or any other unanticipated catastrophe, personal accident insurance provides financial protection for injuries experienced while riding a bike. A catastrophic injury may have a tremendous influence on your life, regardless of how healthy or young you are. Nobody wants to be the victim of an unanticipated accident that leaves a hole in their purse to pay for medical expenditures. Even if you have bike insurance, it will only cover the financial and personal losses. What about you? What about accidental disability or death? Who will compensate? This is when PA cover in two-wheeler insurance comes into action. Our latest blog post explores why securing your bike ride with a personal accident cover should be a top priority.

What is a Personal Accident Cover for a Bike?

Normally, bike insurance covers any damage to your bike due to an accident, not you. You need something that protects not just your bike but also you. Personal Accident Cover is a form of add-on that provides financial protection for an accidental death or permanent disability. According to the Motor Vehicles Act of 1988, everyone must carry Personal Accident coverage, regardless of their comprehensive bike insurance. You can add the coverage to your current insurance by paying an extra premium.

Unlike  third party bike insurance, personal accident insurance covers accounts for emergency room expenses and rehabilitation charges and provides financial assistance for medical bills. You can also get coverage for an unidentified pillion passenger at a nominal price. With a maximum compensation of Rs. 1 lakh, this insurance is an additional safety net for riders between 18 and 70 years old with a valid driver’s license. It offers financial security during difficult times.

What are the Benefits of a Personal Accident Cover?

Roads in India are infamous for their poor state and excessive traffic, making them risky for bike riders. And, because bikes are more prone to accidents, you should obtain two wheeler insurance, including personal accident coverage. Accidents can have an impact on both your personal and financial well-being. Personal Accident Coverage provides a comprehensive safety net by offering financial support in various ways, ensuring that individuals and their families are better equipped to deal with the financial ramifications of unforeseen accidents.

Accidental Death Benefits

The insured person’s untimely death in a two-wheeler accident may endanger the family if they are the principal income provider for the family. In such an instance, you must get accidental death coverage. In the event of an accidental death, the personal accident policy pays out the whole sum covered. This sum can assist dependents in coping with the loss and keeping the home out of debt. The money is given to the nominee designated by the insured when they purchase coverage.

Permanent Disability Benefits

The coverage offers a lump sum compensation for a permanent or partial disability caused by a motor vehicle accident. This sum can help you pay for continuing medical bills, rehabilitation fees, and lifestyle changes necessary due to your handicap. The policyholder will receive 100% compensation in case of permanent disability. However, the policyholder will receive 50% compensation in case of partial disability.

Covers the Hospitalisation Expenses

Personal accident coverage covers medical expenditures due to unfortunate accidents while riding your bike. It usually includes hospitalisation expenses, ambulance charges, procedures, drugs, and rehabilitation payments. Personal accident insurance additionally offers a daily financial allowance as hospitalisation expenses, up to a maximum of 50 days, if the policyholder is seriously wounded and requires hospitalisation.

Financial Support

The aftermath of a bike accident frequently entails medical charges that may quickly pile up. From emergency room fees to ongoing rehabilitation costs, a personal accident plan guarantees that you have the required financial assistance to handle medical bills without straining your budget. A personal accident cover is your invisible friend who gives you financial support and lets you spend time with your loved ones when you need them the most.

Legal Liabilities Coverage

In addition to physical injuries, bike accidents might result in legal issues. We all know that seeking legal help in our country is expensive. PA cover in two-wheeler insurance typically includes protection for legal responsibilities, ensuring that you have the required help to overcome any legal issues resulting from the accident.

All Round Security

Knowing you have personal accident coverage gives you peace of mind. It helps you ride confidently, knowing you’re safe from the unexpected. It’s a tiny investment that impacts when you need it the most. At HDFC ERGO, we provide easy claim assistance so you do not even spend an extra minute. Usually, the application is assessed within two hours, and you will be alerted via text and email. You can track the status of your personal accident coverage claim online.

When is the Personal Accident Cover not Valid?

Under some conditions, your Personal Accident Coverage will not cover you. Before acquiring the coverage, make sure you are aware of the exclusions.

• Death or permanent disability from driving under the influence of drugs, alcohol, or other intoxicants.

• Driving without a valid licence.

• Any accident that occurs outside the defined geographical region.

• Any self-inflicted wound or suicide.

• A vehicle utilised for racing or motor sports that is not being used under the law and rules.

• A violation of the law.

• If the insured person is not driving the bike.

Conclusion

While bike insurance is mandated according to the law, it is also required to cover losses committed to others. Personal accident coverage provides additional protection for you. It protects your and your family’s well-being by providing complete coverage for personal injuries, unlucky incidents, or even death in the worst-case scenario. It acts as an extra safety net, guaranteeing that you and your loved ones have financial security during difficult times. In the tragic case of an accidental death, the reimbursement is made directly to the dead policyholder’s family, assisting them in meeting their living expenditures. We are certain that now that you understand the benefits and necessity of personal accident insurance, you can decide whether to get it.

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

RELATED ARTICLES

Why You Should opt for Personal Accident Cover in Two-Wheeler Insurance

What You Should Know About The Mandatory Accident Cover For Your Bike Insurance Policy

Frequently Asked Questions About Bike Insurance Policies

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