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The death of former Tata Sons chairman Cyrus Mistry in a road accident has raised many questions about insurance policy claims in accident cases. However, insurance companies say that people buy insurance to protect against risk. Therefore, in case of accidental death due to human error or any other reason, the policyholder will definitely get the benefit of insurance.

The industry says that even in case of human error or violation of rules, the full benefit of the insurance policy will continue to be accepted and claims of accidental death will continue to be accepted. However, in exceptional cases the amount of compensation can be reduced.

Payment will have to be made as per the policy terms
Tapan Singhla, Managing Director, Bajaj Allianz General Insurance said, if the insured has a comprehensive motor insurance policy, as per the terms and conditions, payment will be made to the policyholder if the vehicle is damaged in a road accident. Apart from this, if the occupants of that vehicle are also victims of risk, then it also comes under the purview of the policy.

Human negligence is the cause of most accidents.
Sanjay Dutta, Head (Risk Assessment & Claims), ICICI Lombard General Insurance Company said that most of the accidents are caused by human negligence. We are here because human mistakes happen. If someone buys insurance, then accidents due to his negligence also come under its purview.

Claim cannot be rejected on the basis of seat belt
Another insurance company official said, “If an unfortunate incident occurs due to negligence, the insurance company is legally required to honor the claim of damage to the vehicle. The policy claim cannot be rejected based on whether the rear passenger was wearing seat belt or not.

  • Pawanjit Singh Dhingra, joint MD, Prudent Insurance Brokers, said seat belt insurance is not a contractual subject. Therefore, the passenger injured or killed in the accident has the right to get a third party claim.

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The death of former Tata Sons chairman Cyrus Mistry in a road accident has raised many questions about insurance policy claims in accident cases. However, insurance companies say that people buy insurance to protect against risk. Therefore, in case of accidental death due to human error or any other reason, the policyholder will definitely get the benefit of insurance.

The industry says that even in case of human error or violation of rules, the full benefit of the insurance policy will continue to be accepted and claims of accidental death will continue to be accepted. However, in exceptional cases the amount of compensation can be reduced.

Payment will have to be made as per the policy terms

Tapan Singhla, Managing Director, Bajaj Allianz General Insurance said, if the insured has a comprehensive motor insurance policy, as per the terms and conditions, payment will be made to the policyholder if the vehicle is damaged in a road accident. Apart from this, if the occupants of that vehicle are also victims of risk, then it also comes under the purview of the policy.

Human negligence is the cause of most accidents.

Sanjay Dutta, Head (Risk Assessment & Claims), ICICI Lombard General Insurance Company said that most of the accidents are caused by human negligence. We are here because human mistakes happen. If someone buys insurance, then accidents due to his negligence also come under its purview.

Claim cannot be rejected on the basis of seat belt

Another insurance company official said, “If an unfortunate incident occurs due to negligence, the insurance company is legally required to honor the claim of damage to the vehicle. The policy claim cannot be rejected based on whether the rear passenger was wearing seat belt or not.

  • Pawanjit Singh Dhingra, joint MD, Prudent Insurance Brokers, said seat belt insurance is not a contractual subject. Therefore, the passenger injured or killed in the accident has the right to get a third party claim.

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