Coverage for accidental medical expenses is one of the key add-on benefits in the Group Personal Accident policy. Most accidents lead to medical expenses incurred by the employee on first aid or treatment. Therefore, coverage of accidental medical expenses in the Group Personal Accident policy provides reimbursement for the above expenses. It is important […]
How do different options work for medical expenses in Group Personal Accident policy?
Coverage for accidental medical expenses is one of the key add-on benefits in the Group Personal Accident policy. Most accidents lead to medical expenses incurred by the employee on first aid or treatment. Coverage of accidental medical expenses in the GPA policy provides reimbursement for the above expenses. It is important to note that this […]
How to reduce your rate for GPA, if you already have a GTL cover?
GPA policy and GTL policy offer accidental and life coverage respectively. Both are fixed benefit policies that provide financial security to the employee’s family upon the employee’s death. Coverage for GPA and GTL are as under – Group Personal Accident Group Term Life 1. Accidental Death (AD) 1. Death (Natural & Accidental) 2. […]
How does a borrower GPA policy work?
A group personal accident (GPA) policy covers accidental death and disability. A Borrowers’ Group Personal Accident Policy is an insurance policy designed to provide coverage against accidental injuries or death for a group of borrowers. Typically, offered by lending institutions such as a bank or an NBFC to cover borrowers. It offers financial protection and […]
Buying process of Group Personal Accident insurance – Infographic
Buying the best Group Personal Accident insurance from so many options in the market can become time-taking. Buying process of Group Personal Accident insurance The process of buying Group Accidental Insurance Policy typically involves the following steps: Assessing the coverage needs: The first step is to assess the coverage needs of the group. This includes […]
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 […]
Right insurer for Group Personal Accident – Infographic
With so many options in the market, choosing the right insurer for Group 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 to choose the best one. The […]
Personal Accident insurance – Claims process (Infographic)
While making a claim under group personal accident insurance, the employer needs to give complete personal information with the 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 claims process, under Group Personal Accident insurance: […]
Group 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 key features of Group Personal Accident insurance. Key features of Group Personal Accident insurance are financial and emotional assistance in case of accidental […]
Importance of a Personal Accident plan – Infographic
A Group Personal Accident Insurance 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 be paid. Importance of group […]