🚨 Big Alert for Car & Bike Owners — Personal Accident Cover Rules Changed!
From January 1, 2019, IRDAI has changed the rules for Personal Accident (PA) insurance for vehicle owners. If you own a car or two-wheeler, this update is important for you!
✅ What Changed?
IRDAI has increased the compulsory Personal Accident Cover (CPA) for the vehicle owner-driver to:
🛡️ Rs 15 Lakh Cover 💰 Premium: Rs 750 per year
This applies to people who:
- Own a car or bike
- Have a valid driving licence
🚗 Who Is Considered “Owner-Driver”?
The person whose name is on the RC and who has a valid driving licence.
They get accident protection in case of:
- Death
- Permanent disability
🆓 CPA Now Optional If You Already Have PA Cover
Earlier CPA was compulsory with every motor policy. Now:
✅ You can skip CPA if you already have a Personal Accident policy of Rs 15 lakh or more
Good news for people with:
- Multiple vehicles
- Existing standalone PA insurance
One PA policy can cover all vehicles owned by you.
📅 One-Year or Long-Term Cover Option
When buying a new vehicle, you can choose:
- 1-year CPA cover, or
- Long-term CPA cover
This is because new vehicles need:
- 3-year policy for cars
- 5-year policy for two-wheelers
💡 Key Points to Remember
- Rs 15 lakh PA cover is now the standard
- Premium is Rs 750 per year
- You may buy it with motor policy or separately
- One PA policy works for all your vehicles
🎯 Final Advice
If you already have a Personal Accident policy of Rs 15 lakh or more, you do not need to pay again with your vehicle insurance.
But if you don’t have PA cover — make sure you take it. It is very important for your financial protection.
Stay insured, stay protected 🚘💙