Job Development Specialist Migration Researching Legal Presentations Indore India
The insurance regulator has some good news though for vehicle owners. Personal accident cover for vehicle owners is mandatory as per insurance regulations. CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of. Effective January 1, on expiry of a bundled CPA cover, it may be replaced. "A minimum Capital Sum Insured (CSI) of Rs 15,00,000 shall be provided under CPA cover for owner-driver under liability only, under Section III. A personal accident policy cover in a Motor Insurance is a facility for the owner- driver.