Personal accident insurance cover pays a fixed amount if an employee has an accident. The following are the standard coverages in personal accident insurance: Accidental Death: Death because of a car crash, or any other unfortunate accident is covered by personal accident insurance. If the insured dies in an accident, the beneficiary receives compensation of […]
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 […]
What Is Not Covered Under Group Personal Accident Insurance?
Group personal insurance is a type of insurance policy that provides coverage to a group of individuals, such as employees of a company or members of an association. This type of insurance policy typically includes health, life, and personal accident coverage, and it is designed to provide a cost-effective way for individuals to access insurance […]
What is the difference between personal accident insurance and life insurance?
This article is meant to understand the major differences between personal accident insurance and life insurance. A life insurance policy is a contract between the insured and the insurer under which, the insurance company provides a lump-sum payment to the beneficiaries upon the insured’s death. This is the death benefit. It acts as an income […]
How is a Claim Processed Under Group Personal Accident Insurance?
Personal accident insurance allows the insurer to get a fixed amount in case of an accident. A group personal accident insurance can help an organization to ensure the safety of its employees. Know how is claim processed under Group Personal Accident Insurance? How to claim a Group Personal Accident Insurance In case of an accident, […]
4 Reasons You Need a Group Personal Accident Policy for Your Workforce
A group personal accident policy is one of the most crucial insurance covers that any organization must avail to ensure the safety and security of its valued employees. No organization would want to lose its talented workforce due to any unexpected mishaps. However, absolute safety can never be ensured in today’s fast-paced world with an […]
Which type of organizations must buy a Group Personal Accident cover?
Although all kinds of organizations should include the risk of injury to their workers and employees, it is usually the ones with higher chances of an accident at the workplace, who must buy a Group Personal Accident insurance cover. Depending on the risk their employees are exposed to, the following businesses must buy Group Personal […]
What is an Accidental Death and Dismemberment Insurance coverage?
Accidental death and dismemberment insurance (AD&D) as the name suggests, covers accidental death and dismemberment. This additional rider comes along with the life insurance policy and the health insurance policy. It pays you or your beneficiary in case of death by accident and dismemberment. The loss includes the loss of any of your body parts […]
Why Group Personal Accidental Insurance?
Employees are important for the continuity of any firm’s operations. So, it becomes very important to protect them against unfortunate events that can result in partial or permanent disability or even death of the employee. The group personal accidental insurance offers this cover to the employees on behalf of the employer. The group personal accident […]
How does the Group Personal Accident cover benefits your organization?
It is the responsibility of the employer to protect its employees. The employees being an important part of the organization, and the group personal accident cover helps in protecting the employees. The policy cover helps in covering the medical expenses and other compensation to the employees in case of an accident or injury and against […]