Key Points
"It covers accidental death, loss of two limbs or sight of two eyes or one limb and sight of one eye, loss of one limb or sight of one eye, permanent total disablement from injuries other than named above," says Shashi Kant Dahuja - Chief Underwriting Officer at Shriram General Insurance..
"The cost of personal accident cover in motor insurance ranges between Rs 300 400," says Nitin Kumar, Head - Motor Insurance, Policybazaar.com...
Further, personal accident cover under motor policy is usually covered only for owner-driver while driving the vehicle within India, says Dahuja. "Additionally, a geographical extension can be taken by the owner-driver including Bangladesh, Nepal, Bhutan, Pakistan, Maldives, and Sri Lanka."..
Unlike the compulsory personal accident cover under motor insurance, a standalone personal accident cover protects you from any type of accident around the clock and around the world..
If the policyholder values flexibility, higher coverage limits, and additional benefits, a standalone personal accident policy may be a better choice," says Chaz. "However, if one has limited budget constraints and are satisfied with the coverage provided by their motor insurance, it might be sufficient for ones needs..
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