ImageWorkmen Compensation Insurance - Purchase WC Policy Online for Employee
Logo

Workmen Compensation Insurance Policy

Premium Starts @ 1000

(Excluding Taxes)

Premium Starts @ 1000 excluding Taxes
Benefits
Covers Medical Expenditure & legal liability from accidents
Covers Occupational Diseases & unforeseeable Events
3 Most Trusted Insurers
SecureNow Assistance
assistance1Deep Product Knowledge
assistance6Cost-effective Insurance
assistance5Quick Turnaround Time
assistance5 Timely renewal reminders
assistance4 Value-Added Services
assistance3 Policy Administration System (PAM)

Get quote if you agree to our Terms of Use and Privacy Policy

Workmen Compensation Insurance Policy

Get quote if you agree to our Terms of Use and Privacy Policy

SecureNow Assistance
assistance1

Deep Product Knowledge

Leverage specialized underwriters and international experts unique for each line of business.

assistance2

Cost-effective Insurance

Works with all the leading insurers to discover the best price for most comprehensive features.

assistance3

Quick Turnaround Time

Get cover note issued within 24 hours. All service requests are resolved in pre-defined TATs.

assistance

Timely renewal reminders

Automated reminders and sent 3 weeks before renewal. Premium can be easily paid online

assistance5

Value-Added Services

Receive risk diagnostic reports, themographic studies, policy analysis, and wellness programs.

assistance6

Policy Administration System (PAM)

Access your insurance policies through single login; service requests, MIS, and renewal alerts.

Quick Guide to Workmen Compensation Insurance Policy

Definition of Workmen Compensation Insurance Policy

Workmen compensation insurance policy is a commercial insurance plan that covers for the legal liabilities of an employer in order to provide compensation of death or disability of a worker under the Workmen’s Compensation Act 1923, Fatal Accident Act 1855 and common law. Workplace accidents, even with highest precautions, are inevitable. Workmen compensation insurance will help the employer pay a compensation to the employee/worker and his/her family members in case of any accidental injury or death to the employee/worker.

Workmen/Workers Compensation Act in India

Workmen Compensation Act, 1923 covers for people working in factories, plantations, mines, construction sites, mechanically propelled vehicles, hazardous premises and employees of the Indian Railways. This is an employee compensation act that mandates employers in all the mentioned segments to pay compensation to their employees or workmen for accidental injury or death. The act is created with an intent to strengthen workers and their families financially in case of an unfortunate event at the workplace.

Benefits of Group Workmen Compensation Insurance Policy

For employees-

  • Covers for an employee’s hospitalization due to injuries suffered at the workplace
  • Covers for death, permanent or partial disablement at workplace
  • Serves as a financial cushion for the employee and their family in case of any adversity

For employers-

  • Workmen compensation insurance provides coverage against occupational diseases. So, if your workers are constantly subjected to hazardous substances or any other risk, this insurance policy can be a savior.
  • A workmen compensation insurance will give you peace of mind that you’ve been able to support your employee and the organization, at large, in case any employee suffers from a work-related injury or death.
  • Cases filed with the Labour Court concerning accidental death or disability of workers get covered under this policy.

Inclusions under Workmen Compensation Insurance Policy

Below are the benefits that Workmen/workers Compensation insurance policy covers:

  • Injuries caused due to accidents at workplace
  • Injuries and diseases caused or aggravated by conditions at workplace
  • Death
  • Disablement

Note: This is not an exhaustive list, details of all the inclusions will be part of your policy copy.

Exclusion under Workmen Compensation Insurance Policy

  • Minor injuries
  • Initial 3 days of disablement and if disablement is less than 28 days
  • Injuries caused due to war, nuclear attack or riots
  • Death or injury caused under the influence of alcohol or drugs
  • All diseases that are specified in part C of Workmen’s Compensation Act

Note: This is not an exhaustive list, details of all the exclusions will be part of your policy copy.

Claim process under Workmen Compensation Insurance Policy

The steps for filing the claims under workmen compensation for employees are as follows:

  • Informing the supervisor and then the employer, immediately, about the death or disablement of the worker
  • The employer has to collect all the information about the incident and the employee as per the requirement of the insurance company
  • The employer has to submit all the necessary documents to SecureNow and the insurance company
  • The insurance company then takes necessary actions to either approves or reject the claim

Documents Required for Workmen Compensation Insurance Policy

Below are the documents required to file for a claim under the workmen compensation insurance policy:

  • Duly filled and signed claim form
  • Original medical bills, diagnostic reports and compensation records
  • Medical certificate for disablement at workplace
  • Death certificate, investigation report, post-mortem report in case of accidental death at workplace

Frequently Asked Questions

Workers and employees are under constant risk of suffering from employment-related hazards during their service. Often laborers have the highest probability of injuries or death on the work site. So, this makes the organization liable to look after the financial security of the workers and their family in case of an unfortunate case of workplace death or disability. Hence, the workmen compensation. This compensation protects the worker and their family lawfully and also helps the organization meet their legal liabilities in case of any adversity.
Under the Workmen Compensation Act,1923 people working in factories, plantations, mines, construction sites, mechanically propelled vehicles, and hazardous premises are considered as workmen. This Act is also extended towards railway employees and IT workers.
As per the Ministry of Labour and Employment and the Workmen’s Compensation Act, all the employees who suffer partial or total disability or die because of an accident while at their workplace are eligible for compensation.
Yes, the Workmen Compensation Act, 1923 started to be also known as the Employee Compensation Act.
Yes, Workmen Compensation Act is mandatory in India and provides a compulsory form of insurance that provides replacements for wages and medical benefits to workers/employees during their course of employment against accidental injuries or death at the workplace.
Insuropedia

How to choose the best insurance provider for purchasing WC policy for labours?

How to choose the best insurance provider for WC Policy? Workmen or employees are the most valuable assets of any company. It is the employers’ responsibility to provide them with a safe working environment. In this regard, every employer lays down various safety measures. However, accidents at the workplace are unexpected and unavoidable which may […]

Read More

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[…]

Read More

Workmen Compensation policy – Right insurer (infographic)

According to the Workmen’s Compensation Act, 1923, Factories Act, 1948, and Common law, companies require to pay compensation to their employees and workers if they suffer physical injuries or death during the course of their employment. Since such injuries or deaths are uncertain, organizations face financial uncertainty. […]

Read More

How Is Premium Estimated for Worker’s Compensation Insurance?

The premium (tariff) is governed by the type of cover selected by the proposer as decided by the insurance regulator in India’s IRDA. Following two types of covers are available under Workmen (now Employees) Compensation Insurance […]

Read More