Group Personal Accident Insurance
Financial protection for your employees when an accident changes everything.
Group Personal Accident Insurance provides financial protection to employees in the event of accidental death or disability. It helps protect employees and their families against the financial impact of unforeseen accidents, whether they occur at work or outside work, subject to the policy terms.
Group Personal Accident Insurance provides financial protection to employees in the event of accidental death or disability. It helps protect employees and their families against the financial impact of unforeseen accidents, whether they occur at work or outside work, subject to the policy terms.
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What can Group Personal Accident Insurance cover?
Depending on the plan selected, your policy can include:
Accidental Death
Pays the applicable sum insured in the event of accidental death, subject to the policy terms.
Permanent Total Disability
Provides the applicable benefit if a covered accident results in permanent total disability, as defined under the policy.
Permanent Partial Disability
Provides a specified percentage of the applicable sum insured for covered permanent partial disabilities, based on the policy's benefit schedule.
Temporary Total Disability / Weekly Benefit
A weekly benefit can be provided when a covered accident temporarily prevents an employee from working, subject to the selected benefit, limits and policy terms.
Accidental Medical Expenses
Medical expenses arising from a covered accident can be included as an extension, subject to the policy selected.
Child Education Benefit
Additional financial support for dependent children's education following an employee's accidental death or specified disability can be included.
Ambulance Expenses
Ambulance expenses following a covered accident can be included, subject to specified limits.
Repatriation of Mortal Remains
Expenses for transporting mortal remains following a covered accidental death can be covered, subject to policy terms.
Modification of Residence/Vehicle
Expenses towards modifying an employee's residence or vehicle following specified permanent disability may be available as an extension.
How does Group Personal Accident Insurance work?
Group Personal Accident Insurance is primarily a benefit-based cover. The amount payable for accidental death or disability is determined by the selected sum insured, nature of disability and applicable benefit schedule, subject to the policy terms. Certain extensions, such as accidental medical expenses, may operate differently.
Build the cover around your workforce
Every organisation has a different employee and occupational risk profile. Your Group Personal Accident policy can be structured accordingly.
You can customise:
- Sum insured per employee
- Uniform or graded sum insured
- Cover linked to salary or designation
- Cover based on employee occupation/risk category
- Accidental death benefit
- Permanent total disability benefit
- Permanent partial disability benefit
- Temporary total disability benefit
- Accidental medical expenses
- Child education benefit
- Ambulance expenses
- Other available extensions
Support from policy placement to claims
Policy Structuring
Appropriate sums insured, employee categories and benefits.
Employee Administration
Additions, deletions and endorsements during the policy period.
Claims Assistance
Support with accidental death and disability claim documentation and coordination.
Renewal Review
Claims experience, benefit structure, employee changes and insurer comparison.
Why choose Group Personal Accident Insurance?
24x7 protection
Group Personal Accident policies can provide round-the-clock accident protection, not just protection while employees are at the workplace, subject to the policy terms.
Financial support for employees' families
An accidental death or serious disability can have a significant financial impact on a family. The policy provides an agreed financial benefit following a covered event.
Protection against disability
Accidents do not always result in death. Permanent or temporary disability can affect an employee's ability to earn, making disability benefits an important part of the cover.
Suitable for diverse workforces
The policy can be structured for office employees, sales teams, field employees, factory workers and other employee categories based on their occupational exposure.
Group Personal Accident vs Workmen Compensation
| Group Personal Accident | Employees' Compensation / WC | |
|---|---|---|
| Purpose | Employee accident benefit | Employer's statutory liability |
| Coverage | Can be 24×7 | Employment-related injury/disease |
| Basis | Selected sum insured/benefit schedule | Compensation under applicable law |
| Outside work | Can be covered | Generally linked to employment |
| Employer liability | Not the primary basis | Core purpose |
Many organisations may require both covers because they serve different purposes.
Already have a Group Personal Accident policy?
We can review your existing policy and help you understand:
- Whether the sum insured is adequate
- Whether all employee categories are covered
- Accidental death and disability benefits
- Temporary Total Disability coverage
- Important sub-limits
- Occupational classifications
- Available extensions
- Coverage gaps and exclusions relevant to the workforce
- Claims experience
- Premium and insurer options at renewal
Share your existing policy with us and our corporate insurance team can review it.
Frequently Asked Questions
Policies can generally be structured to provide 24x7 accident protection, subject to the policy terms, rather than limiting cover only to accidents occurring at the workplace.
Give your employees protection beyond the workplace
Our corporate insurance team can help you structure a Group Personal Accident programme based on your workforce, occupational exposure and benefit requirements.
Coverage, benefits, exclusions and eligibility are subject to the terms and conditions of the policy issued by the insurer.