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 […]
What is covered under Group Personal Accident Insurance?
The extent of the coverage of the group personal accident cover depends on the terms of the plan. In this article, we’ll get to know what is covered under group personal accident insurance. Coverage Under Group Personal Accident Insurance Generally, the following covers are provided by most of the group personal accident policies: Accidental Death: […]
What liabilities does a Group Personal Accident Insurance scheme cover?
An accident is a scary event that leads to long-term scale trouble. Although nobody has any control over any sudden unforeseen event, we can prepare ourselves for the damage that can happen after an accident. Loss of life to permanent disability, any unfortunate thing can take place after an accident. The worst part is that […]
Group personal accident insurance
Q1. What is Group Personal Accident Insurance? Group Personal Accident Insurance policy provides your beneficiary with a benefit in the unfortunate event of your accidental death and disability. It covers the following injury or death due to accidents: 1. Accidental Death: It provides for payment of compensation on the insured person’s death caused by bodily […]
What Are the Additional Benefits Available in the Group Personal Accident Insurance?
Group personal accident plans in general cover accidental hospitalization and death benefits but they also do offer the following lesser-known additional benefits to the insured group members: Education Allowance: If a mishap results in permanent disability, the insurer will compensate the policyholder’s children for their education as mentioned in the policy. Repatriation of Remains: In […]
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 […]