With so many options in the market, paying the right price for Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that influence the premium of this policy. The typical cover offered […]
Finding the right insurer for Group Personal Accident With so many options in the market, choosing the right insurer for Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that you should consider […]
While making a claim under group personal accident insurance, the employer needs to give complete personal information with required documents. Claims can be rejected if the documentation is incorrect, or the claim involves an excluded condition The infographic below explains how SecureNow offers an easy claim process. This policy can also provide tax benefits to […]
Importance of a Personal Accident plan A personal accident plan 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 […]
Personal accident insurance cover pays a fixed amount if an employee has an accident. Following are the standard coverages in personal accident insurance: Accidental Death: Death because of a car crash, or any other unfortunate accident is covered in personal accident insurance. If the insured dies in an accident, the beneficiary receives compensation of 100% […]
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? The below-mentioned causes of injury or death are not covered under a group personal accident insurance: Natural Death Death or injury while under the influence of intoxicating liquor or drugs Death or injury while engaged in an adventure sport or hazardous activity Any pre-existing condition and […]
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 […]
Accidental injury as the name suggests delineates all those types of injuries which are the outcome of a mishap. Falls, cuts, burns, road accidents, bites, stings, and drowning are examples of accidental injuries. Accidents can happen at any time and accidental injury is a significant cause of death. Injuries resulting from an accident such as […]
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, […]
