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Why Health Insurance and Personal Accident Policy is important for Bike Riders?

Karan Sharma Karan Sharma 10 January 2020

Does your bike insurance plan come with personal accident cover? Know the importance of personal accident cover and health insurance for bike riders.

Personal Accident Policy

Motorbike is one of the widely used transportation vehicles in India. Though it is popular, it poses many risks to the rider as well as the pillion. As per the Indian Motor Vehicles Act, 1988, all bikes are required to atleast have a third-party insurance. Third party insurance offers minimum protection. Therefore, it is advisable to purchase a comprehensive health insurance plan along with a personal accident cover. This is an ideal combination which offers complete protection. In case of an accident, the health insurance plan will provide cover for hospitalization and medical expenses. In case of death, the Personal Accident Cover will compensate the nominee on behalf of the deceased policyholder.

Let us look at the benefits of Personal Accident Cover.

Accidental Death Cover - In case of death of the policyholder in a motorbike accident, the accidental death cover provides 100% of the total sum assured to protect the family of the policyholder. This cover provides financial protection to the loved ones of the deceased policyholder.

Disability/Partial Disability Compensation - Many times, motorbike accident related injuries can leave a permanent scar on the life of an individual. Temporary or partial/permanent disability would adversely impact the earning potential of the policyholder. This cover offers 100% of the capital sum assured in case of permanent total disability. Temporary and permanent partial disability are covered up to a certain limit.

Cash Benefit - Personal Accident Cover also provides daily cash allowance to meet day-to-day hospitalization charges. This amount can be availed for a maximum of 50 days during hospitalization.

Claims Assistance - Many insurance providers offer roadside assistance along with a dedicated helpdesk for claim related issues on a 24x7 basis. This facilitates quick and hassle-free claims process.

Exclusions under Personal Accident Cover

The following instances are not covered by personal accident cover:

  • Accident caused due to drunk driving/intoxicated state/under the influence of narcotic substances
  • Accident caused due to violation of law/traffic rules
  • Accident caused due to deliberate intention of the policyholder

In short, purchasing a personal accident cover with your health plan is an excellent option to enhance your protection plan.

Recommended Link:Benefits of Personal Accident Insurance

Karan Sharma
Written by Karan Sharma
Content Specialist and Strategist, foolishly creative and always ready for a game of 'Call of Duty'.