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What are the reasons for claim rejection in GPA?

What are the reasons for claim rejection in GPA? You can claim in a GPA policy against accidental death, permanent or temporary disability. You can also claim against partial disability and accidental medical expenses. These claims will depend on the coverage in your policy. However, there are chances that your accidental claim, though legitimate, is […]

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How does a borrower GPA policy work?

A group personal accident (GPA) policy covers accidental death and disability. A group such as a bank or an NBFC can design such a policy to cover borrowers. This notably helps secure the loan amount in case the borrower meets with an accident. Insurance for borrowers Why is it needed? There is a large market […]

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Personal Accident insurance – Right price (Infographic)

With so many options in the market, paying the right price for Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that influence the premium of this policy. The typical cover offered […]

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Right insurer for Group Personal Accident – Infographic

Finding the right insurer for Group Personal Accident With so many options in the market, choosing the right insurer for Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that you should consider […]

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Personal Accident insurance – Claims process (Infographic)

While making a claim under group personal accident insurance, the employer needs to give complete personal information with required documents. Claims can be rejected if the documentation is incorrect, or the claim involves an excluded condition The infographic below explains how SecureNow offers an easy claim process. This policy can also provide tax benefits to […]

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Personal Accident cover- Features (infographic)

Group Personal accident cover pays a fixed amount if an employee has an accident. This provides financial support in case of death or total or permanent disability. The infographic below explains the features of this policy. Group personal accident insurance covers accidental death, permanent partial or total disability, temporary total disability, and dismemberment of the […]

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Importance of a Personal Accident plan – Infographic

Importance of a Personal Accident plan A personal accident plan pays a pre-determined amount when an employee has an accident. When an employee has an accident there is an important expectation that the employer will pay compensation. If the accident is on company premises or company work then the law may also require compensation to […]

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What does personal accident Insurance cover?

Personal accident insurance cover pays a fixed amount if an employee has an accident. Following are the standard coverages in personal accident insurance: Accidental Death: Death because of a car crash, or any other unfortunate accident is covered in personal accident insurance. If the insured dies in an accident, the beneficiary receives compensation of 100% […]

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What are the different types of Disabilities covered under a Group Personal Accident Plan?

There are different types of disabilities that are covered under a Group personal accident insurance. The disabilities caused by accidents are classified under the following three sections for determining compensation: Permanent Total Disablement (PTD) Permanent Partial Disablement (PPD) Temporary Total Disablement (TTD) Permanent total disablement refers to permanent loss of functionality. For example, if there […]

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What Is Not Covered Under Group Personal Accident Insurance?

What Is Not Covered Under Group Personal Accident Insurance? The below-mentioned causes of injury or death are not covered under a group personal accident insurance: Natural Death Death or injury while under the influence of intoxicating liquor or drugs Death or injury while engaged in an adventure sport or hazardous activity Any pre-existing condition and […]

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