Group Personal Accident Insurance

Group Personal Accident Insurance is a specialized policy designed to offer financial protection to a group of individuals against accidental injuries, disabilities, and fatalities. It provides comprehensive coverage, ensuring financial security and peace of mind in the event of an unforeseen accident.

Key Features

  1. Accidental Injury Coverage: The policy covers accidental injuries that result in bodily harm, disability, or death for the insured members.
  2. Wide Coverage: This insurance protects individuals both on and off duty, offering 24/7 coverage.
  3. Customizable Options: The policy can be tailored to meet the specific needs of different groups, such as employees, club or association members, and students of educational institutions.
  4. Flexible Sum Insured: Various coverage levels are available, allowing groups to choose the sum insured that best fits their requirements.

Eligibility Criteria

The following groups are eligible for Group Personal Accident Insurance:

  • Employees of an organization
  • Members of clubs or associations
  • Students of educational institutions
  • Any other defined group of individuals

Coverage Benefits

  1. Accidental Death Benefit: A lump sum payment to the nominee in the event of the insured member’s death due to an accident.
  2. Permanent Total Disability Benefit: Compensation for total and permanent disability resulting from an accident, preventing the insured member from engaging in any gainful employment.
  3. Permanent Partial Disability Benefit: Partial compensation for disabilities caused by an accident that result in the loss of bodily functions or limbs.
  4. Temporary Total Disability Benefit: Weekly or monthly payments to compensate for the loss of income during the period of temporary total disability.
  5. Medical Expenses Reimbursement: Reimbursement of reasonable medical expenses incurred due to injuries sustained in an accident.
  6. Transportation Expenses: Reimbursement of transportation costs for transferring the insured member to a medical facility after an accident.

Add-On Covers

Enhance your Group Personal Accident Insurance with these add-ons:

  1. Critical Illness Cover: Provides coverage for specified critical illnesses such as cancer, heart attack, stroke, and organ failure, offering additional financial support during difficult times.
  2. Hospital Cash Allowance: Provides a daily cash benefit during hospitalization for accident-related injuries, helping cover extra costs like transportation and other incidentals.
  3. Family Cover Extension: Extends coverage to include the insured member’s family, offering financial protection against accidental injuries and disabilities for the entire household.
  4. Income Protection Benefit: Provides monthly income replacement in the event of temporary total disability, ensuring continued financial support for the insured member and their family during recovery.

Exclusions

Group Personal Accident Insurance generally excludes coverage for:

  • Pre-existing disabilities or medical conditions
  • Self-inflicted injuries or suicide attempts
  • Injuries resulting from war, terrorism, or nuclear incidents

Claim Process

The claims process includes the following steps:

  1. Notifying the insurer about the accident and initiating the claim.
  2. Submitting the required documents, including the claim form, medical reports, and police reports (if applicable).
  3. The insurer assesses the claim and settles eligible claims promptly.