307 - B Sai Complex, Above Hotel Giriraj Kathyawadi, GIDC Char Rasta Vapi. 396195.
Group Personal Accident
For many of times, accidents can result in major budget troubles for the hospitalized and their relatives. We have Group Personal Accident Insurance Cover, which offers full coverage in the event of the policyholder’s demise or disabling injury due to an accident occurring in any place on the globe, to cover such incidents.
Group Personal Accident Coverage benefits
Complete Protection
Accident death, permanent as whole partially handicap, temporary complete disability, accident-related healthcare costs, and incorporate expenses like emergency vehicle fees are all insured by our group personal insurance policy.
Scaled Sum Guaranteed
The amount insured under group personal accident coverage for each employee may be determined by a combination of factors including paycheck, position, character, unit, yearly salary, or relationship status.
Staff Adding / Deletion
A worker may be added or removed if they have group personal coverage. Regular adjustments are made to the premium in accordance with the overall coverage. These options are not available with individual policies.
Fixing the Claim Amount
Usually within 30 days of submitting a claim, a lump sum, a set amount is given in the event of death or disability. This is independent of the actual costs associated or any other claims settled for the same occurrence.
FAQ
General Question
? What paperwork is needed for a group personal injury claim?
The employer is required to just provide entire personal details (name, age, sex, address, ID proof) along with the death certificate (in the instance of death), the application form that has been fully completed, the panchnama, the FIR report, the post-mortem report, the hospital stays report, the hospital expenses, and the health certificate when filing a claim under the group personal accident insurance.
? Which all paperwork is required for a group personal injury claim?
No, there are no deductibles for the typical group personal accident insurance coverage.
? Can a worker outside of India may file an accident claim?
Yes, as group personal accidental coverage plans cover accidents that happen in any part of the globe, employees may file a claim for an incident that occurred outside of India. The claim is settled within the exclusive jurisdiction of India, albeit the settlement is made in Indian rupees. The insurers must get all necessary paperwork on time.
? In the event of job loss caused by an accident, would the whole sum insured be paid?
If a person is totally disabled for life, the whole amount of the insurance will be paid; however, if the disability is temporary or partial but nonetheless completely disabled, the full amount of the policy will not be paid. Only a predetermined portion of the sum covered, as agreed upon at the time the policy was issued and as stated in the policy terms, will be paid in that scenario.
? If an employee misses work following an accident, is it covered by the group accident policy?
Yes, group accident coverage will compensate for the time missed if staff is advised to rest in bed following an accident. According to the policy, the payment is known as temporary complete disability and is paid as a once-a-week payout of Rs 5,000 for 52 weeks with an option to increase it to Rs 25,000 for 104 weeks.
? Will the pre-policy medical exam for my workers' group accidental insurance be required?
To get group accidental coverage for your staff, there is no prerequisite medical examination of any type.
? What advantages do employers receive when they purchase group accident insurance for their staff?
The employee welfare programme in the firms includes group personal accidental insurance. When purchased separately by workers, this plan offers complete coverage, including accidental death cover, disability coverage, and coverage for accident-related medical costs. It is also substantially less expensive and easier to administer for a business than when purchased collectively. Additionally, Section 37 of the Income Tax Act exempts the number of insurance premiums made by the employer from taxes.
? Given that I have health insurance, do I really need a group accident policy?
Yes, as both plans cover distinct risks. Costs associated with receiving medical care, particularly hospitalisation, are covered by health insurance. Accidental mutilation and death are covered under personal injury. Contrary to health insurance, which solely covers the expense of treatment, accidental insurance pays a flat sum according to the kind of claim.
Talk To Our Insurance Experts
Are you perplexed by complicated insurance terminology? Don't worry. Speak with an IRDAI-certified insurance expert at Plum to get the best group insurance quote.