Cholamandalam Personal Accident Insurance | Insuremile

Explore comprehensive policy terms, eligibility criteria, claim guidelines, and coverage benefits for Cholamandalam Personal Accident Insurance on Insuremile.

Overview of Cholamandalam Personal Accident Insurance

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Personal Accident Insurance and Owner-Driver Mandates

Registered vehicle owners holding a valid driving licence are required to maintain Compulsory Personal Accident (CPA) cover of Rs 15 Lakh under the Indian Motor Tariff. Vehicle owners who already hold a standalone personal accident policy with coverage of Rs 15 Lakh or more are legally exempt from purchasing additional CPA policies for each vehicle owned.

Disability Benefits and Coverage Schedules

Comprehensive personal accident plans provide 100% of the sum insured for accidental death or Permanent Total Disability (PTD). Permanent Partial Disability (PPD) pays pre-defined percentages according to injury severity, while Temporary Total Disability (TTD) provides weekly compensation to replace lost income during recovery.

Reviewed by Insuremile's licensed advisory specialists per IRDAI editorial standards. Always check the official policy wording for specific inclusions, exclusions, and sub-limits.