While car insurance protects your vehicle in case of accidents, what about safeguarding yourself? Compulsory Personal Accident (CPA) cover in car insurance provides financial protection for the driver and passengers in the event of an accident, offering peace of mind on every journey.
What is personal accident cover in Car Insurance?
Compulsory Personal Accident (CPA) cover is a mandatory add-on included in all car insurance policies in India. It offers financial compensation to the insured driver and passengers of the car in case of bodily injuries, permanent disability, or death arising from an accident.
Introduced as a mandatory cover by the Insurance Regulatory and Development Authority of India (IRDAI), it ensures that the policyholder receives compensation for medical expenses, loss of income, or in the worst case, a lump sum to the family in case of the policyholder's demise.
Personal accident insurance coverage
Personal Accident Insurance Coverage provides a wide range of benefits to the insured. These include:
- Accidental death: In case of the unfortunate demise of the insured driver or passengers due to an accident, the CPA cover provides a lump sum compensation amount to the designated nominees.
- Permanent total disability: If an accident renders the insured driver or passengers permanently incapable of working, the CPA cover offers financial support.
- Permanent partial disability: For partial disability sustained due to an accident, the CPA cover provides compensation based on the percentage of disability.
- Medical expenses (Up to policy limits): Some CPA covers offer limited coverage for medical expenses incurred due to the accident.
Note: The specific coverage details and compensation amounts can vary depending on the chosen policy and insurance provider. It's crucial to carefully review your policy document to understand the exact benefits offered.
