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The Benefits of Personal Accident Cover in Two-Wheeler Insurance

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Although a bike is one of the most preferred mode of commute for an average Indian, in terms of safety, it poses may risks to the rider. The convenience that it offers in traversing peak-hour traffic situations is negated by the alarming bike accident statistics. In spite of this, the sale of two-wheelers in the country is on the rise.

The need to get two-wheelers adequately insured is reinforced by the road accidents that these vehicles are involved in. The Indian Motor Vehicles Act makes it mandatory for all vehicles to be insured with at least a minimum insurance. The basic insurance policy that people purchase to fulfill this is the third-party liability cover. However, this type of insurance only provides you minimal protection, and it is recommended that all riders be covered by a comprehensive insurance policy to tide over unforeseen situations.

Personal Accident Cover

In two-wheeler insurance, a Personal Accident cover offers protection against accidental death or injuries suffered by the rider. Additional cover can be purchased for the pillion rider on an optional basis. The maximum amount that is usually offered as compensation by a Personal Accident cover is Rs.1 lakh when the rider is within the age limit of 18 to 65 years.

Some insurance companies offer this coverage as part of the comprehensive insurance policy. But it is usually available as an add-on cover that one can opt for when purchasing the main policy. The cover will be available at a minimal premium and can be renewed annually.

Listed below are the key benefits of a Personal Accident cover:

  • Benefit for accidental death - This cover is particularly useful in the case of premature death of the breadwinner of a family in a road accident. An unexpected event such as this could plunge the household into a series of financial liabilities. The Personal Accident cover offers 100% of the total sum assured to protect the family of the policyholder from monetary crisis.
  • Disability compensation - Injuries suffered in accidents can lead to temporary or permanent total disability. This would adversely impact the finances of the policyholder’s family. If the insured suffers permanent total disability in an accident, 100% of the capital sum assured will be provided to his family. The policy also compensates for temporary disabilities and permanent partial disability, up to a certain limit.
  • Hospitalisation cash - If the policyholder is hospitalised due to injuries suffered in a road accident, the policy offers daily cash allowance as hospitalisation charges. This amount can be availed for a maximum of 50 days during hospitalisation.
  • 24 hours claim assistance - Most of the insurance companies that provide this coverage also offer roadside assistance and a helpdesk for claim-related issues, on a 24/7 basis. This makes the claim process quick and hassle-free.

Exclusions Under Personal Accident Cover

The following instances are usually not covered by the Personal Accident rider:

  • Death or injury caused by an accident following the consumption of alcohol or drugs.
  • The death or bodily injury caused by the deliberate act of the policyholder.
  • Injury or death due to violation of law.

In summary, opting for a Personal Accident cover to enhance your two-wheeler insurance policy is a worthwhile investment, as it assures you protection from unexpected events. Most of the Personal Accident riders would include the aforementioned coverage. There may be slight variations in the inclusions and exclusions based on the insurance company and their plan. However, every rider should look to opt for this cover, as it is crucial in protecting his/her loved ones from financial crisis.

Benefits of Personal Accident Insurance Reviews

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  • HDFC Ergo Two Wheeler Insurance
    "Cost effective policy"
    0.5 5.0/5 "Blown Away!"
    Recently i have been renewing the policy for quite number of year. The premium amount was Rs. 1800 per year. Due to low premium amount, i have selected this HDFC Ergo. I have not faced with this policy and currently no claim experience with this policy
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 14, 2018
  • United India Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My two wheeler is insured with United India insurance from last 1 year, a premium of Rs 1600 has to be paid for this insurance policy. There was no claim experience so far from this insurance policy. I am happy with the plan benefits and policy coverage of this insurance.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 14, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Smart Protection for bike"
    0.5 5.0/5 "Blown Away!"
    I have Access 125 bike for that I took policy in ICICI lombard, the premium amount is around Rs. 1800 its 2 years model. They gave me good insured value with third party cover, in Hyderabad the insurer got tie up with many service centers even they are providing no claim bonus.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Dec 14, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Smart Protection for bike"
    0.5 5.0/5 "Blown Away!"
    For my Yamha zs bike, I have taken the bike insurance policy from ICICI Lombard. By paying the premium around Rs.1600 and they gave me the insured value around 32,000. It has the third party cover even it include for the loss , damage and other things.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 14, 2018
  • L and T Two Wheeler Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    L&T GENERAL INSURANCE gives me more benefits on the bike policy, the premium which I paid around Rs. 3500 for bike policy they gave me the IDV value around Rs.1.16 lakh. I have Yahama bike, there is no claim experience. I have been using this policy from the day one.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 14, 2018
  • Bajaj Allianz Two Wheeler Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using Two wheeler insurance with BAJAJ ALLIANZ GENERAL INSURANCE for long time, the agent had explain me about there policy coverage,there benefits clearly, till now i have not use claim experience, there premium amount they have charged me was nominal, i am happy with there overall service.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Dec 13, 2018
  • Bajaj Allianz Two Wheeler Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler insurance from BAJAJ INSURANCE insurance for this. I made the payment for 1 year through the on-line banking . Customer service and response is average as they have explained the benefits of the policy . It has good policy coverage with good policy benefits.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 13, 2018
  • National Insurance Two Wheeler Insurance
    "Good Two wheeler insurance policy"
    0.5 4.0/5 "Great!"
    My two wheeler insurance policy was taken with National. When i purchase the bike, the dealer has provided the policy with National and I've been continuing the policy continuously for 9 years. I used to pay the premium amount of Rs. 1800 and they used to charge according to the bike model and year. I have not checked the coverage value.
    Was this review helpful? 1
    , new delhi
    Reviewed on Dec 13, 2018
  • New India Two Wheeler Insurance
    " Satisfactory policy for my bike"
    0.5 4.0/5 "Great!"
    I have friend working with New India Assurance, they generated the policy, they done things easier way, the premium is less than others, I have three years of policy the IDV value remains same. I have taken third party liability plan for my bike.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 13, 2018
  • New India Two Wheeler Insurance
    "Its Affordable"
    0.5 5.0/5 "Blown Away!"
    I believe New India assurance two wheeler policy premium is nominal for one year policy, but I don't have any claim. I have no much paper work hence I have taken the bike policy through dealer. They gave third party cover liability its good for me.
    Was this review helpful? 1
    , ludhiana
    Reviewed on Dec 13, 2018
  • HDFC Ergo Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have my two wheeler insured with HDFC ERGO from last 1 year, a premium of Rs 1000 has to be paid every year for this insurance policy. I have no claim experience so far with this insurance policy. I am happy with the plan benefits and policy coverage of this insurance.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 13, 2018
  • Reliance General Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I am having a two wheeler insurance with Reliance general from last 1 year, i am not aware of the premium amount for this insurance policy. I did not claim anything so far with this insurance policy and the coverage value is good in this insurance.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 13, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My dealer has provided me a two wheeler insurance policy with ICICI Lombard when i purchase my bike. I have paid the premium amount of Rs. 2500. They have given me a 100% coverage and it covers for all the parts of the vehicle. Since the premium was high i was not continued with the same company and i had no claim experience with this policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 12, 2018
  • HDFC Ergo Two Wheeler Insurance
    "Fine and Good"
    0.5 5.0/5 "Blown Away!"
    I have purchased a two wheeler insurance with HDFC ergo. I have renewed the policy last month. Since the premium amount is very low, i have selected this HDFC Ergo. I have paid the premium amount of Rs. 2200. They have offered me a coverage value of Rs. 2 lakhs. The vehicle has covered upto 80%.
    Was this review helpful? 1
    , mumbai
    Reviewed on Dec 12, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have not connected with the ICICI customer care service. I bought the policy in 2017. The dealer has provided me this policy when i purchase my bike. I have paid the premium amount of Rs. 5000. This policy has a coverage value of Rs. 50000. I have not claimed anything from this policy.
    Was this review helpful? 0
    , jodhpur
    Reviewed on Dec 12, 2018
  • Bajaj Allianz Two Wheeler Insurance
    "Good policy for vehicle"
    0.5 4.0/5 "Great!"
    Within a second they have renewed the policy from Bajaj Allianz. There is no particular reason for choosing a bajaj Allianz and the branch is nearby my location. The premium amount of Rs. 2070 per year. I have not claimed anything in this policy. I never interacted with their customer care also.
    Was this review helpful? 2
    , bangalore
    Reviewed on Dec 11, 2018
  • Bajaj Allianz Two Wheeler Insurance
    "Good Insurance for two wheeler protection"
    0.5 5.0/5 "Blown Away!"
    The two wheeler services with the Bajaj Allianz is good, the premium amount is nominal, I have paid the cost around Rs. 1900 for one year, I have first party insurance and personal accidental cover. But there is no claim bonus available with this insurer.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Dec 11, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have my two wheeler insured with ICICI LOMBARD from last 1 year, a premium of Rs 3000 has to be paid for this insurance policy every year. There was no claim experience so far with this insurance policy. I am happy with the policy benefits and plan coverage of this policy.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Dec 11, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My two wheeler is insured with ICICI Lombard from last 1year and it is a good policy to use. I am happy with the policy benefits and plan coverage of this insurance. Rs 4000 has to be paid as an an insurance premium and i have no claim experience.
    Was this review helpful? 0
    , lucknow
    Reviewed on Dec 10, 2018
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My two wheeler insurance is with ICICI LOMBARD from last 3 years, a premium of Rs 1900 has to be paid as an insurance policy. There was no claim experience so far with this insurance and the coverage value is good in this car insurance.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Dec 10, 2018
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