This is one of the additional features offered by many group personal accident (GPA) policies. Under this provision, the insurer refunds the amount spent on modifications to the house and vehicle of the insured provided: The insurer accepts the claim for permanent total disability or permanent partial disability for the insured The modifications have been […]
What is Children Education Allowance in Group Personal Accident Policy and When is it Paid?
Employees are one of your biggest assets as your success depends on them. While, you have bought group term insurance and group health insurance to give financial security to their families after their death and also cover them against rising medical expenses, what if they don’t die but become disabled? To combat such issues, it […]
What Is The Limit Of Coverage For Medical Expenses Under Group Personal Accident Plans?
Limits for all the benefits payable under the group personal accident plan are defined separately within the group plan. However, in case of multiple benefits being paid, the total of such benefits does not exceed the sum insured for the member. In a GPA plan, medical expenses are payable for both inpatient and out-patient treatments, […]
Want To Buy Best Group Personal Accident Insurance – Here Are Some Tips
Buying group personal accident insurance is an important employee benefits decision of the employer. It does not provide any financial benefit to the employer. But it offers a sense of financial security to employees against unforeseen incidents like accidents. Various factors need to be taken into consideration in order to avail of the best group […]
What Are the Additional Benefits Available in the Group Personal Accident Insurance?
Key Takeaways Equivalence in Catastrophic Claims: In comprehensive corporate risk frameworks, a Permanent Total Disability (PTD) payout matches the full accidental death benefit, reflecting that a lifelong paralyzed state ends future earning capacity. Continuous Global Protection: High-tier enterprise policies feature 24/7 worldwide applicability, underwriting employees against travel hazards whether they are on an official assignment […]
Quick Guide For Filing The Claim Under Group Personal Accident Policy
A group personal accident insurance plan is an employee welfare scheme that covers a group of employees against the risk of unforeseen incidents like accidents. In this article, we’ll give a quick guide for filing the claim under Group Personal Accidental Insurance Policy. Key Takeaways The Intimation Clock: Delayed notification is a leading cause of […]
Reasons why should you offer Group Personal Accident cover to your Employees?
For any organization, its employees are the most valued assets. This is evident, especially in today’s competitive world where it is very difficult to get and retain talented employees. While you might be providing several facilities for the safety and security of employees, availing of a personal accident insurance cover for them is often negated. […]
Be A Smart Employer, Buy Group Personal Accident Insurance For Your Employees
A smart employer is one who looks after the well-being of his employees. Today, every organization is treating its workforce as an asset and investing in employee benefit schemes to foster motivation and loyalty. Such initiatives also increase the productivity of employees. Availing of employee benefits insurance such as group health insurance, group personal accident […]
Group Personal Accident Insurance – Why Is It Useful For Your Company?
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. A Group personal accident insurance pays a pre-determined amount when an employee has an accident. Insurance is important […]
What does Pregnancy Exclusion Clause in a Group Personal Accident Policy?
A group personal accident policy covers the employees of the organization against disability or death while in the service period. Most organizations secure their employees with this policy as employees form a vital part of any business. What does Pregnancy Exclusion Clause in a Group Personal Accident Policy? A group personal accident policy can be […]