Secure Your Team, Strengthen Their Future
Group Personal Accident Insurance provides financial compensation and benefits to a group of individuals, typically employees or organization members, in case of accidents causing injury, disability, or death. Employers or organizations purchase this policy to ensure the safety and financial security of their members.
Death
Permanent Total Disability
Temporary Total Disability
What We can get you Covered Under Group Personal Accident Insurance
Death - Financial compensation to nominees in case of accidental death of the insured member
Permanent Total Disability - Coverage for complete and permanent loss of ability to work due to accident
Temporary Total Disability - Benefits for temporary inability to work due to accidental injuries
Detailed Coverage Benefits
Comprehensive coverage options available under Group Personal Accident Insurance
Accidental Death - 100% of sum insured paid to nominees
Permanent Total Disability - 100% of sum insured for complete disability
Permanent Partial Disability - Percentage of sum insured based on disability scale
Temporary Total Disability - Weekly benefits during recovery period
Accidental Medical Expenses - Reimbursement of medical treatment costs
Hospital Confinement Allowance - Daily cash benefit during hospitalization
What is Not Covered (Exclusions)
Common exclusions that apply to Group Personal Accident Insurance
Suicide, attempted suicide, or self-inflicted injury or illness
Under the influence of liquor or drugs
Committing any breach of law with criminal intent
Engaging in aviation or ballooning, other than as a passenger
Participating in motor racing or trail runs as driver, co-driver, or passenger
Naval, military, or air force operations
Venereal or sexually transmitted diseases
HIV and/or any HIV related illness including AIDS
Coverage Comparison of Insurers
Standard coverage features available across major insurers
Death
Available
Permanent Total Disability
Available
Permanent Partial Disability
Available
Temporary Total Disability
Available
Accidental Medical Expenses
Available
Hospital Confinement Allowance
Available
Who can buy Group Personal Accident Insurance?
Companies and Corporations - Private, public, multinational corporations of all sizes
Partnership Firms - Business partnerships and professional partnerships
Non-Governmental Organizations - Charitable and social organizations
Associations and Societies - Professional associations, trade unions, clubs
Government Organizations - Government departments and public sector units
Educational Institutions - Schools, colleges, universities, and training institutes
Why Choose Group Personal Accident Insurance?
Comprehensive financial protection for all group members against accidental risks
Cost-effective group rates with shared risk benefits
Immediate coverage without waiting periods or medical examinations
Easy enrollment process for all eligible group members and their families
Enhanced employee benefits package improving workplace satisfaction
Tax advantages for organizations providing accident coverage to employees
Benefits of Choosing Group Personal Accident Insurance
Enhanced Employee Satisfaction
Demonstrates company values employee well-being, leading to increased job satisfaction and loyalty.
Attracting Top Talent
Comprehensive accident benefits make the company more attractive to potential employees.
Cost-Effective Benefits
Group policies are more cost-effective than individual policies, providing comprehensive coverage at lower cost.
Tax Benefits
Companies can avail tax deductions on premiums paid for group accident insurance.
Cashless Hospitalization
Employees benefit from cashless treatment at network hospitals, reducing financial burden.
Choice Between Private Insurers & Public Undertaking Insurers
| Parameter | Private Insurers Private | Public Insurers Public |
|---|---|---|
| Sum Insured Limit | Mostly provide 5 times of Annual CTC, few cover up to 7 times | Can extend up to 10 times of Annual CTC |
| Enterprise Suitability | More suitable for small & medium enterprises | More suitable for larger enterprises with over 1000 members |
| Premium Cost | Generally more flexible and competitive | Often standardized and less negotiable |
| Claim Settlement | Faster claim settlement with paperless processes | Slower claim settlement with more paperwork requirements |
| Policy Customizability | Highly customizable policies | Standardized policies with lesser flexibility |
| Innovative Products | Regularly introduce innovative products like Restore Benefit, Daily Cash | Less frequent introduction of new products |
Benefits of Taking Group Personal Accident Insurance from GoInsureIndia.com
Comprehensive risk assessment and coverage design tailored to organizational needs
Expert guidance in selecting appropriate sum insured based on employee profiles
Customized policy features to match specific industry requirements
Access to competitive rates from leading insurers in the market
Transparent pricing with no hidden costs or charges
Dedicated support for policy administration and claims assistance
Coverage Amount Guidelines
Standard Coverage
You may easily choose to cover your members for up to 5 times of Annual CTC with any insurer.
Extended Coverage
Few insurers can provide extended coverage for up to 10 times of Annual CTC for higher protection.
Additional Benefits and Services
24x7 claim reporting through mobile app and helpline
Worldwide coverage for accidents occurring anywhere
Access to network hospitals for cashless treatment
Dedicated customer service for group policy holders
Simplified claim documentation and processing
Additional wellness and safety programs for group members
Group Personal Accident Insurance FAQs
Common queries about Group Personal Accident Insurance
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