Advantages of Group Personal Accident Insurance
Our group personal accident covers accidental death, permanent total and partial disability, temporary total disability, medical expenses for accidents and add-ons such as ambulance charges.
Within group personal accident insurance, the sum assured for each employee can be set based on combinations of paygrade, designation, profile, department, annual compensation or marital status.
Group personal insurance allows addition or deletion of employees. Premium is charged proportionately for actual coverage and adjusted regularly. Individual plans do not offer this flexibility.
A lumpsum, fixed amount is paid on death or disability, typically within 30 days of filing a claim. This is not dependent upon actual expenses incurred or other claims paid for the same incident.