SACHA ADVICE. ACHA ADVISOR.
back arrow Back

Separate PA cover while buying vehicle insurance

reply Share
16 Jan, 2023 by  Chethan S

In my family, we have a two-wheeler and a four-wheeler. The 2W is owned by my father and the 4W by me. My understanding is the PA cover bought along with 4W insurance covers me only when driving the car. As I also drive the 2W, would buying a PA cover such as this one cover me for both 2W and 4W? Or is it limited to the owner only?


If the HDFC ERGO one covers me for both vehicles, I could avoid buying the cover with my 4W insurance.

like like
0
Accident Insurance
Purchase
Basics of Insurance

1 Answer

Post
17 Jan, 2023
connect with advisor

Hi,


IRDA has mandated a CPA (Compulsory Personal Accident) along with the vehicle insurance for the owner driver of the vehicle. It can be a bundled cover along with the vehicle insurance or a stand alone. If you own multiple vehicles, it is sufficient to take only a single stand alone CPA or a stand alone PA (which covers accidental death and permanent disability) for a minimum SI of 15 lakhs. It is limited to the owner only. Link to the guideline: https://irdai.gov.in/document-detail?documentId=389410


But in your case, the vehicles are owned by 2 different people (one by you and one by your father). So, both of you have to take the CPA cover bundled with the respective vehicle insurance or take stand alone PA policies individually unless the owner of the vehicle doesn't have a valid driving license.


Thank you

like like
0
icon-comment 0 Comments
icon-reply Reply
connect with advisor

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2023 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂