News From Press You don’t need to buy compulsory personal accident insurance cover more than once

You don’t need to buy compulsory personal accident insurance cover more than once

Source: Mint Nov 21, 2024

It is mandatory to take third-party and personal accident covers as part of your motor insurance for any plying vehicle. Owing to the mandatory nature of a personal accident cover, it came bundled with motor insurance. For you, this meant bringing home the bundled personal accident cover even when you bought a second car. Buying the same cover more than once just adds to the cost, and the regulator too realised this.

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