Group Personal Accident

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The Workmen’s Compensation Act offers compensation to workers and their dependents in case of injury or accident that may arise out of and in the course of employment resulting in disability or death. It helps an employer by covering the legal liability coverage, which may arise when one of its workers meets with an accident at the job place.

Some of the events covered under the act are:

  • Death
  • Permanent total disablement
  • Permanent partial disablement
  • Temporary disablement
  • Legal costs incurred if any

This act applies to railway servants and to all people who are employed as per the Schedule II of the Act, which includes those who are working in mines, factories, construction sites and various other hazardous occupations.

See (Purpose of Workmen’s Compensation?)

Case Study

A 30-year old Rajiv Shukla was working in a manufacturing store when he lost his right hand after his glove caught under the fast-moving machine. Due to the accident, he permanently lost his one hand and source of income as well. Being the eldest in the family of three, including wife, daughter and father, the family’s future was in the dark. The owner of the manufacturing unit agreed to compensate the victim. The owner had bought a workmen’s compensation policy and this accident was covered under the Workmen’s Compensation Act, and the compensation was paid out of the insurance policy coverage. Though, it is not possible to compensate for the losses that the family had to incur, the insurance policy plays an imperative role in curtailing the financial impact. In the case of Rajiv, the family got the compensation which helped in covering the loss of income.

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