What is a Compulsory Personal Accident Cover?

In the world of Indian car insurance, the term "Compulsory Personal Accident Cover" might sound a bit complex, but it's an essential component that every vehicle owner should understand. Often abbreviated as CPA Cover, this insurance ensures that you and your passengers are protected in the unfortunate event of an accident. In this blog, we'll delve into the specifics of this coverage, its importance, and why it's a crucial part of car insurance in India.

 

Understanding Compulsory Personal Accident Cover

Compulsory Personal Accident Cover, as the name suggests, is mandatory in India as part of your car insurance policy. This coverage is designed to provide financial support in case of an accident that leads to injuries, disability, or even death. In essence, it offers peace of mind by helping you manage the unexpected costs associated with personal accidents.

 

Key benefits of CPA Cover

The following are some of the key benefits of a CPA Cover.

 

• Accidental Death Coverage: In the unfortunate event of the owner-driver's accidental death due to a vehicle-related incident, the policy provides a 100% compensation, which means the full insured amount is paid to the nominee or legal representatives.

 

• Loss of Limbs or Sight: If the owner-driver loses two limbs, the sight of two eyes, or one limb and one eye in an accident, they are eligible for 100% compensation. This coverage helps in providing financial support during such life-altering situations.

 

• Loss of One Limb or Sight of One Eye: If the owner-driver experiences the loss of one limb or sight in one eye, the policy offers 50% compensation, which can assist in medical and rehabilitation expenses.

 

• Permanent Total Disablement: In case of permanent total disablement due to injuries other than those mentioned above, the policy provides 100% compensation. This covers a broad range of disabling injuries that can impact a person's ability to work.

 

• Maximum Compensation Limit: The policy has a maximum compensation limit of Rs. 15 lakh for any one period of insurance. This means that the total amount paid out for all claims during the policy term will not exceed this limit.

 

It's essential to remember that these benefits apply only to the owner-driver and are subject to certain conditions, including the driver holding a valid license and not being under the influence of intoxicating substances at the time of the accident. The CPA Cover aims to provide financial protection and support to the owner-driver in the event of accidents resulting in injury or death.

 

Scope and limitations

While CPA cover is indeed comprehensive, it's important to recognize that it may not cover every possible scenario. For example, it usually doesn't include damage to the vehicle or third-party property. Therefore, vehicle owners often supplement it with additional insurance to ensure comprehensive protection.

 

Legal mandates in India

The Indian Motor Vehicles Act, 1988, mandates the inclusion of Compulsory Personal Accident Cover for every motor insurance policy. Non-compliance with this legal requirement can lead to penalties, making it crucial for vehicle owners to adhere to this provision.

 

Differences between CPA Cover and other insurance types

It's worth noting that CPA cover differs from other insurance types, such as third-party liability insurance and comprehensive car insurance. While third-party liability insurance covers damages to third-party property and injuries, CPA cover focuses solely on personal accident coverage.

 

How to avail Compulsory Personal Accident Cover

Getting CPA cover is a straightforward process with Shriram General Insurance. Simply adhere to the simple instructions below.

 

Step 1: Contact our Toll-Free number

Please call our Toll-Free number (1800-300-3000/1800-103-3009) at your convenience. Our dedicated customer support executives will guide you throughout the purchase process, providing assistance and answering any questions you may have.

 

Step 2: Provide the required details

Please ensure that you provide the necessary details for the policy, such as your occupation, address proofs (such as Aadhaar, Voter ID, Passport, etc.) and other relevant details. These details are essential for processing your application.

 

Step 3: Complete the payment and receive your policy

Choose your preferred payment method, which can be Debit Card, Credit Card, Net Banking, or Cheque. Once the payment is successfully completed, you will instantly receive your Shriram Personal Accident Insurance policy.

 

By following these steps, you can conveniently obtain your Shriram Personal Accident Insurance coverage.

 

Wrapping up

In conclusion, a Compulsory Personal Accident Cover is not just another addition to your car insurance policy; it's a legal requirement aimed at safeguarding you and your passengers. Understanding its scope and benefits is vital for responsible vehicle ownership. We encourage all car owners to make informed choices when it comes to their insurance needs, ensuring that they are well-protected on Indian roads.

 

FAQs

In this section, we will address some frequently asked questions about CPA cover. By reading ahead, you can gain a better understanding of Shriram's CPA Cover.

 

1. What is the purpose of a Compulsory Personal Accident (CPA) Cover in motor insurance?

CPA Cover provides financial protection to the owner-driver in the event of accidental injury or death while operating the insured vehicle.

 

2. Who is covered by the CPA policy?

The policy typically covers the owner-driver of the insured vehicle. Other passengers or drivers may not be covered under this specific policy.

 

3. What types of accidents are covered by CPA insurance?

CPA insurance covers accidents that occur while mounting into, dismounting from, or travelling in the insured vehicle as a co-driver. These accidents should result from violent accidental external and visible means.

 

4. What are the benefits of a CPA policy?

The benefits usually include compensation for accidental death, loss of limbs or sight, and permanent total disablement, as specified in the policy terms.

 

5. Are there any conditions for eligibility under CPA insurance?

To be eligible for coverage, the owner-driver should be the registered owner of the vehicle, hold a valid driving licence, and not be under the influence of intoxicating substances at the time of the accident.

 

6. Can I add additional coverage for passengers or other drivers to my motor insurance policy?

Yes, you can add additional coverage options, such as Personal Accident Cover for passengers or extended coverage for other drivers by paying an extra premium.

 

7. What should I do in case of an accident to make a claim under the CPA policy?

In case of an accident, you should immediately inform us, provide all necessary information and documentation, and follow the claims process outlined in your policy documents.

 

Disclaimer: The content presented in this page is intended solely for general informational purposes and should not be regarded as a substitute for expert insurance advice. Therefore, it is imperative to seek personalised guidance from a certified insurance professional to address your specific needs and circumstances.