
When it comes to car insurance, ensuring comprehensive protection for yourself and your loved ones is critical. One vital component that often goes unnoticed is the Compulsory Personal Accident (CPA) coverage. This essential feature provides financial protection against accidents that result in bodily harm, disability, or death, ensuring peace of mind while on the road.
Introduced as a mandatory feature in 2019, CPA coverage is applicable to all types of vehicles—cars, two-wheelers, and commercial vehicles. Whether you hold a third-party or comprehensive car insurance policy, this coverage ensures legal compliance and offers significant benefits at a minimal cost.
Let’s explore CPA coverage in car insurance in greater detail.
Importance of CPA Coverage in Car Insurance?
CPA coverage is a mandatory inclusion in motor insurance policies, offering financial protection to the owner-driver in case of accidental death or permanent disability. With a minimum sum insured of Rs 15 lakh, this coverage acts as a safety net for drivers and their families during challenging times.
- Purpose of CPA Coverage: The primary aim is to provide financial security to the policyholder or their family, ensuring support for medical expenses, liabilities, or loss of income due to severe injuries or death.
- Who is Covered? CPA coverage applies to the owner-driver of the insured vehicle. This means that while driving or riding the insured vehicle, you are safeguarded against unforeseen accidents.
Key Benefits of CPA Coverage in Motor Insurance
1. Minimal Documentation
Obtaining CPA coverage does not require extensive paperwork or medical tests. This simplifies the process for policyholders, making it accessible and hassle-free.
2. Financial Support for Families
In the unfortunate event of an accident leading to death or permanent disability, the CPA cover provides a lump-sum payout. This financial assistance ensures that the policyholder’s family can manage expenses and liabilities effectively.
3. Universal Coverage
One of the standout features of CPA coverage is its universality. Regardless of who is at fault in an accident, the cover guarantees the agreed compensation, alleviating stress during complex legal situations.
4. Cost-Effective Protection
Despite its extensive benefits, CPA coverage comes with a modest premium, making it an affordable yet invaluable addition to any car insurance policy.
5. Straightforward Claims Process
Claiming CPA benefits is simple and user-friendly. Unlike other insurance claims, the process involves minimal delays, allowing beneficiaries to access funds quickly during emergencies.
How to Include CPA Coverage in Your Car Insurance
Including CPA coverage in your motor insurance policy is straightforward. Here’s how:
- New Policies: When purchasing a new car insurance policy, CPA coverage is automatically included.
- Existing Policies: For existing policies, verify the inclusion of CPA coverage. If it’s missing, contact your insurer to add it.
- Standalone CPA Cover: Some insurers offer standalone CPA coverage, allowing you to purchase it independently if it’s not part of your policy.
CPA coverage in car insurance is more than just a legal mandate; it’s a lifeline for policyholders and their families during unforeseen accidents. With minimal cost and significant benefits, it’s a must-have feature in any motor insurance policy. From financial protection to global coverage, CPA ensures peace of mind and security on every journey.