Personal Accident Cover in Bike Insurance

In India, bike has become one of the preferred modes of transportation due it is mobility and low cost in comparison to car. Thus, it can be rightly said that riding a two wheeler has become one of a preferred and convenient choice. However, with an increase in the number of road accidents caused due to two wheeler, riding a bike can be life threatening too.

In terms of safety, bike poses a risk to the life of rider as well as the pillion. Hence, it becomes important for a bike owner to opt for a cover that provides coverage against any road mishaps involving a bike. Thus, opting for a personal accident cover is beneficial to get coverage against bike accidents.

In India, though the Motor Vehicles Act, 1988 makes it mandatory for a bike owner to opt for third party insurance that offers basic coverage to third party and property, it is advisable to opt for comprehensive coverage to ensure complete protection of the third party as well as the bike and its owner.

But opting for a personal accident cover has value-added benefits that you should definitely know about. You can always enhance the comprehensive coverage of your bike insurance policy with a personal accident cover.

What is personal accident cover?

A personal accident cover is a type of insurance cover that offers protection to the rider against death, disability or injuries arising out of an accident. This cover also compensates the costs of all the medical expenses, if the rider is hospitalised due to an accident.

Maximum amount that is offered as compensation under this cover is 1 lakh if the rider is aged between 18-65 years.

Few comprehensive two wheeler insurance policies offer personal accident cover as a built-in feature, while some offer it as an additional cover.

What are the benefits of personal accident cover?

• Accidental death benefit: In case of premature death of the policyholder, this cover compensates the family of insured with 100% of the total sum assured.

• Pays out in case of disability: 100% of the total sum assured is paid out in case of permanent disability and claim for temporary disablement of the policyholder is paid out up to a specific limit.
• Daily hospitalisation cash benefit: Daily cash allowance is provided to the policyholder, if he/she is hospitalised due to road accident. This benefit can be availed for a maximum of 50 days during hospitalisation.
• 24*7 claim assistance: For policyholder to easily avail this benefit, insurance companies provide round the clock assistance that can help you register your claims in a quick and hassle-free way.

Exclusions under Personal Accident Cover:

Personal accident cover does not provide coverage under the below circumstances:

• If the death or injury is caused due to consumption of harmful drugs or alcohol.
• If the death or injury is caused due to deliberate act of the policyholder.
• If the death or injury is caused due to violation of law.

Availing a personal accident cover with your two wheeler insurance policy is worth the investment as it ensures your protection and also provides monetary help to your family in the event of your death.