IRDAI allows single personal accident cover for multiple vehicles
Customers will not have to purchase separate Compulsory Personal Accident (CPA) cover for each new vehicle they buy from January 1, IRDAI has said. Instead of a 'bundled' personal accident cover, vehicle owners can buy CPA cover separately. In September, the insurance regulator raised the minimum insurance cover for owner-driver to â¹15 lakh for an annual premium of â¹750.