What are the Benefits of Personal Accident Cover in Bike Insurance?

India is considered as one of the world's largest markets for two-wheelers. When purchasing a bike, having two-wheeler insurance is a necessity.

 

Two-wheelers are the practical and economical choice for middle-class individuals, so it is essential to ensure that the necessary safety measures are in place, such as helmets and proper road infrastructure. Given the lower safety compared to cars, it is crucial to have bike insurance coverage to offer financial support in case of unexpected accidents.

 

Standard bike insurance will cover vehicle damage, saving the policyholder from the heavy expenses they might incur due to an accident. Adding a Personal Accident Cover to your bike insurance will protect you from the financial sufferings that are caused due to the accidents.

 

Are you familiar with the benefits of personal accident insurance? Let's explore the advantages of personal accident cover in two-wheeler insurance:

 

 

 

What does Personal Accident Cover for a Two-Wheeler entail?

Personal accident cover is a well-known insurance add-on for two-wheelers that provides benefits to the vehicle owner in the event of accident-related injuries or fatalities.

 

Shriram General Insurance offers Personal Accident Coverage for two-wheelers in addition to their bike insurance Policy. This Add-on is designed to provide protection during accidents and this cover can be obtained by paying a nominal fee.

 

 

 

Know the Benefits of Personal Accident Cover in Bike Insurance

The primary benefit of personal accident insurance is to safeguard the insured person in case of an accident. Here are the advantages that an insured person can avail themselves of:

 

Permanent Total Disability Coverage
When riding a two-wheeler, there is nothing to protect the rider from the road in case of a fall or getting hit by another vehicle. It will lead to severe injury.

 

If the insured person has a permanent total disability during the accidents, the Personal accident policy will pay 100% of the sum insured. If the accident is the direct cause of the permanent total disability, this payment will be granted.

 

Permanent Partial Disability Coverage
If an insured person suffers from an accidental bodily injury during the policy period that leads to permanent partial disability, and if the accident is the sole and direct cause of such disability, Shriram General Insurance will provide payment based on the plan chosen by the insured person.

 

If the insured individual already had a pre-existing permanent partial disability before the occurrence of the accidental bodily injury, the amount that the insurance company pays will be reduced by the extent determined based on the degree of the pre-existing permanent partial disability.

 

Death Benefit
If you are the primary income provider for your family, opting for accidental death coverage is of utmost importance. The premature death of the insured person in a two-wheeler accident can put the family at risk.

 

Having personal accident insurance coverage from Shriram General Insurance can help you in this situation. If the insured person chooses the comprehensive insurance policy, including the PA cover, they will pay the nominee 100% of the sum insured according to the chosen plan. This claim can be made within 12 months of the date of such accident.

 

24/7 Insurance Claim Assistance
Trustworthy insurance companies like Shriram General Insurance offer round-the-clock claim support. The ideal insurance company provides various options for filing a personal accident claim in the event of an accident.

 

If you are uncertain whether personal accident insurance offers income tax benefits, it is essential to note that tax deductions may not always apply to personal accident insurance.

 

 

 

Conclusion

 

The personal accident cover included in bike insurance offers valuable financial protection against liabilities arising from bodily injuries resulting from accidents. In the unfortunate event of accidental death, the payout is directly provided to the family of the deceased policyholder, helping them cover their living expenses.

 

To avail of the Personal Accident cover benefits, renewing your two-wheeler insurance plan promptly is essential. Ensure timely renewal to secure these benefits. For more information about PA cover in bike insurance, visit the Shriram General Insurance website.

 

FAQs

1. What is not covered under the personal accident cover at Shriram General Insurance Company?

The following are not covered under the two-wheeler accident cover:

• Resulting from self-inflicted injury, illness, attempted suicide, or similar causes.
• Accidents occur while the insured person is under the influence of drugs or alcohol.
• Accidents occur due to the insured person intentionally violating the law with criminal intent.
• The accident took place beyond the geographical coverage area of the insured two-wheeler.

 

2. Is it essential to buy a two-wheeler personal accident cover?

It is mandatory to buy personal accident cover according to The Motor Vehicle Act 1988. It must be purchased separately as it is not included in the vehicle insurance policy. If you are ready to buy two-wheeler insurance, contact Shriram General Insurance to add the personal accident cover.

 

3. Does the personal accident cover both the insured person and the vehicle?

No. At Shriram General Insurance, the personal accident cover is only for the insured person. It does not include the vehicles.

 

4. Does the Personal Accident cover the pillion rider?

No. At Shriram General Insurance, we will not cover the claim for the pillion riders. But additional coverage can be bought for family members.

 

5. Do I need to get two PA covers if I own a two-wheeler?

You only need to purchase one personal accident (PA) cover as it covers the insured person, not the vehicle.