As the name suggests, Group Personal Accident Insurance is a policy issued to a group of people by an institution or organization. Perhaps the most important purpose of group personal accident insurance is to provide comprehensive financial protection against hefty expenses incurred due to disablement or death resulting from accidental injury.
Group personal accident insurance comes in handy for employers who are constantly in a lookout for ways to safeguard their employees against certain risks that can cause death or permanent disablement. The product is available for both the employees and board or owner of a company. The broad spectrum of benefits offered by Group Personal Accident plans play a very important role in any salaried individual’s life.
Features Benefits
- Complete cover including death, permanent and temporary disability
- Carriage of mortal remains offered as additional coverage.
- Extension can be availed for medical expenses
- Worldwide cover
- Option for an off duty and on–duty cover
- Hassle free documentation
Criteria
- This policy can be availed by individuals between five to 70 years of age.
- This policy can be issued to groups of persons
- It can be availed by employers for their employees or by any Institution/Society/Club for their members.
What basic information the Insurer needs to provide quotation?
- Nature of work / Occupancy
- No. of Employees
- Monthly wages
- Policy duration
- Risk Location Address
- Claim Experience of last 3 years with amount and count of claims
The policy does not cover the following:
- Compensation under more than one clause for same period of disability
- Any claim in the same period of insurance exceeding the capital sum insured
- Payment of compensation due to death or disablement arising out of
– Suicide, attempted suicide etc.
– Pregnancy and/or childbirth
– War and nuclear perils
– Ionizing radiation or radioactivity
Get in Touch
We are at
317/432 Neo Square
P.N. Marg
Jamnagar - 361005
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