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Medical expenses cover can be included as an add-on in a workmen compensation insurance policy. Different insurers define the limit of medical benefits differently. Some of these options are: A fixed sum (per case) daily, for the duration of hospitalization The actual amount spent up to the total sum insured as defined at the time […]
Schedule III of WC Act provides the list of occupational diseases. This schedule is divided into three parts, the diseases in Part A & B are excluded from coverage. Insurer may, however, offer an add-on cover for compressed air disease and Part C disease in the schedule Read More: How do you get workers comp […]
Compressed air disease is one of the occupational illnesses covered under workmen compensation policy. It is a sickness attributed to the working environments where air pressure may be higher or lower than the normal surface air pressure. Workers employed at high altitude, under water, or working with pressure generating equipment can be exposed to compressed […]
Average clause addresses the situation where new employees may join, or old employees leave the organisation after the policy has come into force. To address the gap in the number of employees (or average income) covered and the actual existing insurer can prorate the sum assured to cover all available employees under this clause. The […]
Yes, the premium for workmen compensation insurance policy changes every year. As the premium is decided on the basis of occupation and wage of the worker, the premium also changes accordingly. Here are some of the factors due to which premium of workmen compensation insurance policy changes: Change in payroll – As stated above, the […]
