What Is Personal Accident Cover In Bike Insurance?

Motorcycle accidents can happen anytime and anywhere, even if you’re a seasoned rider. That’s why it’s important to have insurance coverage that includes personal accident cover. This type of coverage can provide financial assistance to you and your family in the event of an accident.

In this article, we’ll take a closer look at what personal accident cover is in bike insurance and how it can benefit you. We’ll also discuss the different types of coverage available and what you need to consider when selecting a policy. So, whether you’re a new rider or a seasoned veteran, read on to learn more about this essential coverage.

What Is Personal Accident Cover in Bike Insurance?

Personal accident cover is an add-on cover that you can opt for while purchasing your bike insurance policy. This add-on provides financial coverage in case you suffer from accidental injuries or death while riding your bike. In this article, we will take a closer look at personal accident cover in bike insurance and understand how it can benefit you in times of need.

What Does Personal Accident Cover in Bike Insurance Include?

Personal accident cover in bike insurance offers financial protection in the event of an accident while riding your bike. This coverage includes financial compensation for accidental injuries, permanent or partial disabilities, and even death. The amount of compensation varies from policy to policy and can range from a few thousand rupees to lakhs of rupees.

Some insurance providers also offer coverage for the pillion rider under this add-on cover. This means that if your pillion rider suffers from any injuries or death in an accident, you will be eligible to receive financial compensation.

Benefits of Opting for Personal Accident Cover in Bike Insurance

Here are some of the benefits of opting for personal accident cover in bike insurance:

• Financial protection in case of accidental injuries, permanent or partial disabilities, and death
• Coverage for the pillion rider
• Peace of mind while riding your bike
• Affordable add-on cover with low premiums

With personal accident cover in bike insurance, you can ride your bike with confidence, knowing that you and your loved ones are financially protected in case of any unforeseen events.

Personal Accident Cover vs. Third-Party Liability Cover

Personal accident cover and third-party liability cover are two different types of bike insurance covers. While personal accident cover provides financial protection in case of accidental injuries or death, third-party liability cover provides coverage for any damages or injuries caused to a third party in case of an accident.

It is important to note that third-party liability cover is mandatory by law in India, while personal accident cover is an add-on cover that you can opt for at an additional premium.

How to Choose the Right Personal Accident Cover in Bike Insurance

When choosing the right personal accident cover in bike insurance, here are some factors that you should consider:

• The amount of coverage offered by the policy
• The premium amount and affordability
• The reputation and credibility of the insurance provider
• The terms and conditions of the policy

By taking these factors into consideration, you can choose the right personal accident cover for your bike insurance policy, which offers you adequate financial protection in case of any accidents.

Conclusion

Personal accident cover is an important add-on cover that you should consider while purchasing your bike insurance policy. This cover provides financial protection in case of accidental injuries or death while riding your bike. By choosing the right personal accident cover, you can ride your bike with confidence, knowing that you and your loved ones are financially protected in case of any unforeseen events.

Frequently Asked Questions

Here are some common questions about personal accident cover in bike insurance:

What is personal accident cover in bike insurance?

Personal accident cover is an add-on cover that provides financial protection to the policyholder and/or their family members in case of an accident. It covers accidental death, permanent total disability, and permanent partial disability.

In case of accidental death, the nominee of the policyholder is eligible to receive a lump sum amount as compensation. In case of permanent total disability, the policyholder is eligible to receive the entire sum insured. In case of permanent partial disability, a percentage of the sum insured is paid to the policyholder based on the severity of the disability.

Is personal accident cover mandatory in bike insurance?

No, personal accident cover is not mandatory in bike insurance. However, it is highly recommended to opt for this add-on cover as it provides financial protection to the policyholder and their family members in case of an accident.

The cost of personal accident cover is usually very nominal and can be added to the bike insurance policy at the time of purchase or renewal.

What is the coverage amount for personal accident cover in bike insurance?

The coverage amount for personal accident cover in bike insurance can vary depending on the insurance company and the policyholder’s preference. Generally, the sum insured for personal accident cover can range from Rs. 1 lakh to Rs. 15 lakhs.

The premium for personal accident cover increases with the increase in the sum insured. It is important to choose a sum insured that is adequate to cover the financial needs of the policyholder and their family members in case of an accident.

Who all are covered under personal accident cover in bike insurance?

Personal accident cover in bike insurance covers the policyholder and their family members. The family members can include the policyholder’s spouse, children, parents, and siblings.

The coverage for family members is usually limited to accidental death and permanent total disability. The sum insured for family members is usually a percentage of the sum insured for the policyholder.

How to claim personal accident cover in bike insurance?

In case of an accident, the policyholder or their nominee should inform the insurance company immediately and provide all the necessary details and documents.

If the claim is approved, the compensation amount will be paid to the nominee or the policyholder as per the terms and conditions of the policy.

What is PA Cover Owner Driver in motor insurance ? Personal Accident Cover in Car / Bike Insurance

In conclusion, personal accident cover in bike insurance is a crucial add-on that every rider should consider. It provides financial protection to the policyholder and their family in case of any unfortunate accident resulting in injury or death. With the increasing number of accidents on the road, having personal accident cover can give you peace of mind and protect you from unforeseen expenses.

It is important to note that personal accident cover is not automatically included in your standard bike insurance policy. You will have to purchase it as an add-on, which is usually available at an affordable premium. Therefore, it is essential to read through the policy document carefully and understand the coverage and exclusions before purchasing the policy.

In conclusion, personal accident cover is a wise investment for every rider, and it is essential to choose a reputable insurance provider that offers the best coverage and benefits. By taking this step, you can ensure that you and your loved ones are financially protected in case of any unfortunate accident on the road.