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 personal accident plan cannot be downplayed. A group personal accident insurance pays a pre-determined amount when an employee has an accident. Insurance is important to ensure a company’s cost in such accidents. Group Accidental Insurance Policy can also be viewed as a benefit for employees.
The below infographic explains the importance of Group Accidental Insurance scheme for employers or organizations.
You can minimize the cost of this policy through better negotiation with the insurer, by signing up for multiple years, and by optimizing non-essential add-ons as per the specific occupation or industry. Also, employers with low claims track records over multiple years enjoy lower premiums in policy. The team of SecureNow helps you provide the best cover at the quote.
Importance of group personal accident plan is immense. It covers accidental death, permanent total, and partial disability, temporary total disability, medical expenses for accidents, and add-ons such as ambulance charges. Group personal accident plan provides comprehensive coverage and financial security to individuals against unexpected accidents and injuries.
Group Personal Accident Insurance Policy for Employees allows the addition or deletion of employees. Premium depends on the changes made.
Written By-
Gunjan Saxena
MBA Insurance Management
With a robust background in the insurance industry, Gunjan is a seasoned professional who brings 10 years of expertise to group personal accident insurance. Throughout her career, she has demonstrated a deep understanding of the intricacies and nuances of insurance products, particularly in personal accident coverage. Having worked closely with both individuals and businesses, she has gained valuable insights into the diverse needs and challenges faced by clients seeking insurance protection. Her experience encompasses designing tailored insurance solutions, providing expert advice, and guiding clients through the insurance process with confidence and clarity.
Through her articles, Gunjan aims to educate and inform readers about the importance of group personal accident insurance and the benefits it offers in safeguarding against unforeseen events.
