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What is cpa in insurance?

Asked By: Krisha Agarwal

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Marina Boat Charter Administrator Cad Programming Strategic Initiatives Vijayawada India

The minimum Compulsory Personal Accident (CPA) cover for owner-drivers under the motor insurance policy has been increased to ₹15 lakh. CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of. "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. Personal accident cover for vehicle owners is mandatory as per insurance. If he has a CPA cover from another insurance company then it is not mandatory for him to buy it again," says Sajja Praveen Chowdary,. Irdai had increased the compulsory personal accident coverage amount.


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