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Overview
Group personal accident insurance is a strategic form of coverage designed to safeguard your company's employees and their families against work-related accidents, ensuring stability in their living standards. The policy offers financial protection in cases of injury, disability, or fatalities resulting from accidents.
Features
- Individuals aged between 18 and 65 can enroll in Group Personal Accident Insurance for comprehensive coverage.
- Coverage extends to a diverse range of scenarios, including traffic accidents, falls, fractures, burns, insect bites, and more.
- Participation in group personal accident insurance policies requires a minimum of 10 employees.
- Beneficiaries receive compensation in the event of sudden death or permanent disability within 2 years due to an accident.
- Medical expenses, including hospitalization, doctor consultations, medications, X-rays, and other necessary treatments, are included. Daily benefits are available if the insured is temporarily unable to work due to an accident.
- The policy term typically spans one year. Insurance policy has the option to be renewed annually upon request.
Premium rates may vary based on specified coverage and limits
Advantages
- Provides comprehensive coverage for all insured individuals against accidents.
- Offers tax advantages.
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