Published in Mint on 18th September 2017. Written by Abhishek Bondia My daughter is learning to drive a car. She has a learner’s licence. Recently, she drove into a wall and the car was damaged. I was sitting beside her. Will my comprehensive car insurance cover the damage? —Mehak Ranade Yes, the motor insurance policy […]
Search Results for: What Is Not Covered Under Group Personal Accident Insurance?
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What Is Repatriation and Family Transportation Allowance in Group Personal Accident Policy?
Repatriation allowance and family transportation allowance are additional benefits available in a group personal accident policy (GPA). They refer to the benefits as given below: Repatriation Allowance GPA policies are generally applicable throughout the world, and as such in the case of death in any foreign location repatriation will be required. GPA policy may cover […]
What Kind of Modifications To The Living Conditions Are Covered By The Group Personal Accident Policy?
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 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, […]
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 […]
How is a Claim Payable under Worker Compensation Insurance if They Are also Covered under Health insurance?
Worker compensation insurance gives legal liability coverage to the employer. It helps the employer to cover the financial and legal costs when one of its employees suffers injury during working hours. Similarly, a group health insurance policy takes care of the medical expenses of the employee. Both covers serve different purposes. An employee can get […]
Can You Buy a Group Insurance Policy for Your Group/Association?
You can buy a group insurance policy if there are members who gather together with a common purpose or engage in a common activity. Further, there are some other guidelines that should be considered to buy a group insurance policy, like: 1. Most of the group insurance policies are about the employer-employee. However, other groups […]
How to file reimbursement claim under a Group Health Insurance Policy?
If you are covered by a group health insurance plan, you might have to claim reimbursement for medical expenses if you go to a hospital that is non-empanelled (or not a network hospital). You cannot avail of cashless hospitalisation at non-empanelled hospitals. Another reason for claiming reimbursement could be that the insurer takes time to […]
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 […]
What is indemnity in Workers Compensation Insurance?
The indemnity clause entitles workers to get compensation for lost wages that they are otherwise capable of earning while recovering from a work-related accidental injury/illness. In workers’ compensation insurance, ‘to indemnify’ means to make payments to the injured or sick employee or to their family members during their employment course, and as specified by the […]