Group Personal Accident Insurance
Group Personal Accident Insurance offers financial protection to employees or members against injury, disability, or death due to accidents.
- Death
- Permanent Total Disability
- Temporary Total Disability
Group Personal Accident Insurance
Life is unpredictable, and accidents can happen anytime. That’s where Group Personal Accident Insurance steps in. This policy offers protection to an entire group of people—usually employees of an organization—under one plan. It ensures that if an employee faces accidental injury, disability, or in the worst case, an untimely death, there is immediate financial support available.
What is Group Personal Accident Insurance?
Group Personal Accident Insurance provides financial compensation and benefits to a group of individuals, typically employees or organization members, in case of accidents causing injury, disability, or death. Employers or organizations purchase this policy to ensure the safety and financial security of their members.
Why Group Accident Insurance Required?
Accidents can happen anytime, anywhere, and the financial impact can be stressful for both employees and their families. Group Accident Insurance is required because it provides a financial cushion during such unexpected situations. For employees, it means they are protected against medical costs, loss of income, or long-term disability caused by an accident. For employers, it shows responsibility and care towards their workforce, creating a safer and more supportive workplace.
Types of Group Personal Accident Insurance Plans with Features & Benefits
Group Personal Accident Insurance comes in different types, each designed to cover specific risks and situations. These plans make sure that employees and their families are financially secure in case of an accident.
Accidental Death Cover Feature:
Offers a lump sum payment to the family if the insured passes away due to an accident.
Benefit: Provides immediate financial support to the family during a tough time.
Permanent Disability Cover Feature:
Pays compensation if the insured suffers a lifelong disability (like loss of limbs or eyesight).
Benefit: Helps the person and their family manage long-term financial needs.
Temporary Total Disability Cover Feature:
Provides weekly or monthly income support if the insured cannot work for a certain period after an accident.
Benefit: Ensures that day-to-day expenses are taken care of while recovering.
Medical Expense Cover Feature:
Covers hospitalization and treatment costs related to accidental injuries.
Benefit: Reduces the burden of sudden medical bills.
Additional Rider Benefits Feature:
Extra options like education support for children, funeral expenses, or transportation of mortal remains.
Benefit: Offers complete protection and peace of mind beyond basic coverage.
Key Features of Group Accidental Insurance Policy
A Group Accident Insurance Policy is designed to provide protection against the financial impact of accidents for employees under one single plan. Below are the key features that make this policy valuable:
Comprehensive Coverage –
Covers accidental death, permanent disability, partial disability, and temporary disability.
Worldwide Protection –
Employees are covered 24×7, no matter where they are.
Medical Expenses Covered –
Includes hospitalization and treatment costs due to accidental injuries.
Affordable Premiums –
A single group policy costs less compared to individual plans, making it budget-friendly for employers.
Customizable Options –
Employers can choose add-ons like education benefits for children, funeral expenses, or transport of mortal remains.
Quick Claim Settlement –
Easy and fast claim process to provide immediate financial support when needed most.
Covers All Employees –
Every member of the group is automatically included under the policy.
Benefits of Group Accident Insurance Policy
A Group Accident Insurance Policy not only protects employees but also strengthens the bond between employer and workforce. Here are the key benefits:
Financial Security for Employees & Families –
Provides immediate support in case of accidental death or disability.
Peace of Mind –
Employees feel safe knowing their loved ones are protected against unexpected events.
Covers Income Loss –
Offers compensation when an accident prevents an employee from working temporarily or permanently.
Medical Expense Support –
Reduces the burden of sudden hospital and treatment costs.
Employee Motivation & Loyalty –
Shows that the employer genuinely cares, which helps build trust and retain talent.
Affordable Protection –
A single group policy gives wide coverage at a lower cost than individual insurance.
24/7 Worldwide Coverage –
Employees remain protected anywhere, anytime.
What We can get you Covered Under Group Personal Accident Insurance ?
Death
Under a Group Personal Accident Insurance (GPA) policy, the Death benefit provides crucial financial support to the family if an insured employee passes away due to an accident. This feature is one of the strongest protections offered under a personal accident insurance plan, ensuring that the family receives a lump-sum amount to manage immediate and long-term expenses. For organizations aiming to offer the best accidental insurance plan, including a comprehensive Death benefit within their personal accident policy helps employees feel secure, valued, and financially protected. This coverage ensures that even in the worst-case scenario, the policyholder’s family is not left vulnerable.
Permanent Total Disability
The Permanent Total Disability benefit under a GPA policy provides strong financial protection if an employee becomes completely and permanently disabled due to an accident. This is one of the most important features of a personal accident insurance plan, as it ensures the insured receives a significant lump-sum payout to support long-term medical care, rehabilitation, and income loss.
Permanent Partial Disability
The Permanent Partial Disability benefit under a GPA policy offers financial support when an insured employee suffers a long-term partial loss of function due to an accident. This coverage is an essential part of any strong best accidental insurance plan, helping individuals manage medical expenses, rehabilitation costs, and income disruption caused by the injury.
Temporary Total Disability
The Temporary Total Disability benefit under a GPA policy provides financial assistance when an insured employee is unable to work for a certain period due to an accident. This feature is a crucial part of a strong personal accident insurance plan, offering weekly compensation to help cover living expenses and medical costs during recovery.
Accidental Medical Expenses
The Accidental Medical Expenses benefit under a Group personal accident policy provides reimbursement for medical costs arising from an accident, including hospitalization, treatments, surgeries, and diagnostic tests. This feature is an essential part of a comprehensive personal accident insurance plan, ensuring employees receive timely medical care without worrying about financial stress.
Hospital Confinement Allowance
The Hospital Confinement Allowance under a GPA policy provides daily financial support when an insured employee is hospitalized due to an accident. This benefit is a valuable part of a strong personal accident insurance plan, helping cover non-medical expenses such as meals, travel, and other incidental costs that arise during a hospital stay.
Transportation of Mortal Remains
The Transportation of Mortal Remains benefit under a group personal accident insurance policy ensures that, in the unfortunate event of an accidental death, the cost of transporting the insured employee’s remains to their home or preferred location is fully covered. This compassionate support is an essential part of a reliable group personal accident insurance plan.
Ambulance Charges
The Ambulance Charges benefit under a Group personal accident insurance policy ensures that the cost of emergency transportation following an accident is fully covered. This is an essential feature of comprehensive group personal accident insurance, providing immediate medical support when time is critical. Including this coverage in your group personal accident policy or group accident insurance helps employees receive prompt medical attention without worrying about high ambulance fees. A well-structured group accident policy ensures financial relief, quick response, and peace of mind during medical emergencies.
Education Benefit/Children’s Education Grant
The Education Benefit, also known as the Children’s Education Grant, is an important feature provided under a Group personal accident insurance policy. In the event of an accidental death or permanent disability of the insured employee, this benefit ensures financial support for the continued education of their dependent children. Including this coverage in your gpa Policy strengthens your employee protection offering by safeguarding the child’s academic future. A comprehensive group personal accident policy or group accident insurance plan provides a dedicated payout to help cover school or college fees, ensuring that a child’s education is not disrupted due to an unfortunate incident.
Repatriation of Mortal Remains
The Repatriation of Mortal Remains benefit under a Group personal accident insurance policy ensures that, in the unfortunate event of an employee’s accidental death, the cost of transporting the mortal remains to their home or preferred location is fully covered. This compassionate support is a vital part of comprehensive group personal accident insurance, helping the family manage one of the most difficult and emotional responsibilities without facing financial stress.
Funeral Expenses
The Funeral Expenses benefit under a personal accident insurance policy provides essential financial support to the family in the event of an employee’s accidental death. This coverage is an important part of comprehensive group personal accident insurance, ensuring that immediate funeral and cremation/burial costs are taken care of without placing additional stress on the family. Including this benefit in your group personal accident policy or group accident insurance helps employers offer meaningful assistance during emotionally difficult times. A well-structured group accident policy covers the necessary arrangements and related expenses, allowing the family to focus on their well-being while important obligations are managed with dignity and respect.
Loss of Employment
Under a group personal accident insurance policy, employees are protected against unexpected financial stress caused by accidental disablement that leads to loss of employment. This benefit ensures that when an accident affects an individual’s ability to work, the group personal accident insurance provides financial support to help manage essential expenses during recovery. Companies offering a group accident insurance plan demonstrate stronger employee care by ensuring their workforce is safeguarded against sudden income disruption. With a comprehensive group personal accident policy, employees and their families stay financially secure even during unforeseen job loss due to accidental injuries.
Medical Expenses Extension Cover
A group personal accident insurance policy often includes a Medical Expenses Extension Cover, which helps employees manage the cost of treatment after an accident. This feature ensures that hospital bills, emergency care, and follow-up treatments are financially supported under the company’s group personal accident insurance plan. By offering this extension, employers provide stronger protection to their workforce through a comprehensive group personal accident policy. Companies that opt for a robust group accident insurance or group accident policy can significantly reduce the financial impact of accidental injuries on their employees and their families.
Baggage Delay
A group personal accident insurance policy can also include coverage for Baggage Delay, offering employees protection during official travel. If checked-in baggage is delayed beyond the specified time limit, the group personal accident insurance provides reimbursement for essential items such as clothing, toiletries, and other necessities. This feature enhances the overall value of a group personal accident policy, ensuring employees feel supported even during travel-related inconveniences. Companies that select a comprehensive group accident insurance or group accident policy demonstrate their commitment to employee comfort and safety during work trips.
Baggage Loss (Common Carrier)
A group personal accident insurance policy often provides coverage for Baggage Loss while traveling through a common carrier such as airlines, buses, or railways. If an employee’s checked-in baggage is permanently lost during official travel, the group personal accident insurance compensates for the value of personal belongings. This protection ensures employees are financially supported during travel disruptions, making the group personal accident policy more comprehensive and employee-friendly. Companies that include this benefit as part of their group accident insurance or group accident policy demonstrate a commitment to safeguarding employees not only at work but also during business-related journeys.
Coma
A group personal accident insurance policy can also include coverage for Baggage Delay, offering employees protection during official travel. If checked-in baggage is delayed beyond the specified time limit, the group personal accident insurance provides reimbursement for essential items such as clothing, toiletries, and other necessities. This feature enhances the overall value of a group personal accident policy, ensuring employees feel supported even during travel-related inconveniences. Companies that select a comprehensive group accident insurance or group accident policy demonstrate their commitment to employee comfort and safety during work trips.
Overseas Accident Medical Expense
A group personal accident insurance policy can also provide coverage for Education Overseas Accident Medical Expenses, offering financial protection to employees or their dependents studying abroad. If an accidental injury occurs while overseas, the group personal accident insurance covers medical treatment costs, hospitalization, emergency care, and related expenses. This ensures uninterrupted access to quality healthcare even when the incident happens outside the home country. By including this benefit in a group personal accident policy, employers can extend global protection for their employees and their families. Companies opting for a comprehensive group accident insurance or group accident policy showcase a strong commitment to safeguarding education and wellbeing, no matter where the accident occurs.
Overseas Personal Liability
A group personal accident insurance policy can also include Overseas Personal Liability, offering protection to employees traveling abroad for work or training. If an employee accidentally causes damage to property or injury to a third party while overseas, the group personal accident insurance helps cover the financial liability arising from the incident. This added layer of security makes the group personal accident policy more robust, ensuring employees are protected from unexpected legal or compensation expenses during international travel. Companies that choose a well-rounded group accident insurance or group accident policy show their commitment to safeguarding their team globally—not just at the workplace.
Bail Bond
Under a group personal accident insurance policy, employees can also benefit from Overseas Personal Liability coverage. This protects the insured against legal liabilities arising from accidental bodily injury or property damage caused to a third party while traveling abroad. With this feature, the group personal accident insurance ensures employees are financially protected against unexpected legal expenses incurred outside the country. Including Overseas Personal Liability in a group personal accident policy enhances the global safety net offered by employers. Companies opting for a comprehensive group accident insurance or group accident policy demonstrate strong commitment to safeguarding employees during international travel for business or personal purposes.
Hospital Cash Plan/Daily Cash Allowance
The Hospital Cash Plan or Daily Cash Allowance is a valuable feature of a group personal accident insurance policy. When an employee is hospitalized due to an accident, the group personal accident insurance provides a fixed daily cash benefit to cover non-medical expenses such as travel, meals, and miscellaneous costs. This support helps reduce financial burden during recovery. By offering this benefit through a group personal accident policy, employers enhance the overall value of their group accident insurance or group accident policy, ensuring employees feel secure and supported throughout their hospitalization period.
Orphan Benefit
The Orphan Benefit is an important feature available under a group personal accident insurance policy, designed to support the surviving child of an insured employee. In the unfortunate event where an accident leads to the loss of both parents, the group personal accident insurance provides a financial payout to ensure the child’s immediate and long-term wellbeing. This benefit offers critical support for education, living expenses, and overall care during a difficult time.
Mysterious Disappearance
A group personal accident insurance policy may also offer coverage for Mysterious Disappearance, providing financial protection when an insured employee goes missing under unexplained circumstances. If the individual does not return within the policy’s specified time frame, the group personal accident insurance treats the situation as an accidental event and offers compensation to the beneficiary. This benefit ensures families receive essential financial support during emotionally and financially challenging times. Including this feature in a group personal accident policy strengthens an employer’s commitment to employee welfare. Companies opting for a comprehensive group accident insurance or group accident policy provide extended security, even in rare and unforeseen situations.
Out Patient Department (OPD) expenses
A group personal accident insurance policy can offer coverage for Out Patient Department (OPD) expenses, ensuring employees receive essential medical care without financial stress after an accident. This benefit under the group personal accident insurance supports costs related to doctor consultations, diagnostic tests, minor procedures, and prescribed treatments that do not require hospitalization. By including OPD coverage in a group personal accident policy, companies provide more comprehensive protection for their workforce. Organizations opting for a well-structured group accident insurance or group accident policy demonstrate a strong commitment to employee health, convenience, and overall wellbeing.
Loss/damage to School Bag/Books
Under a group personal accident plan, employees’ children are also protected through educational support benefits such as coverage for loss or damage to school bags and books caused by an accident. If the insured employee or their child faces an accidental event that results in damage to essential school items, the policy provides reimbursement to ease the financial burden. This feature strengthens the value of a group accident policy, ensuring families receive practical support during unforeseen incidents.
Widowhood cover
The Widowhood Cover under a group personal accident plan provides crucial financial support to the spouse of an employee in the unfortunate event of accidental death. This benefit ensures that the surviving partner receives a fixed compensation to help manage immediate expenses, lifestyle needs, and long-term financial stability. Including this feature in a company’s group accident policy strengthens the overall protection offered to employees and their families.
Travel Expenses for Medical Treatment
Under a group personal accident plan, employees can also receive coverage for Travel Expenses related to medical treatment after an accident. This benefit ensures that the cost of traveling to hospitals, clinics, or specialized medical centres is reimbursed, reducing the financial burden on the injured employee and their family. Whether the travel is for emergency care, follow-up visits, or rehabilitation sessions, this support makes the accident cover policy more comprehensive and employee-centric.
Catastrophe Evacuation
Under a group personal accident insurance policy, employees can also receive coverage for Travel Expenses incurred while seeking medical treatment after an accidental injury. This benefit ensures that transportation costs—whether for hospital visits, follow-up treatments, or specialist consultations—are reimbursed under the company’s group personal accident insurance plan. It offers much-needed financial relief during emergencies, making the group personal accident policy more comprehensive and employee-centric. Organizations that choose to include this benefit as part of their group accident insurance or group accident policy show a strong commitment to supporting employees through every stage of recovery.
Critical Illness Cover
Critical Illness Cover is an essential benefit offered under a group personal accident insurance policy, providing financial protection when an employee is diagnosed with a severe medical condition resulting from an accident. This feature ensures that the insured receives a lump-sum payout to manage high medical costs, long-term treatment, and recovery expenses. By including this benefit in your company’s group personal accident insurance, employers can support their team during challenging health situations.
Family Transportation Benefit
The Family Transportation Benefit under a group personal accident insurance policy provides essential support when an employee is hospitalized due to a serious accidental injury. This benefit covers the travel expenses of an immediate family member who needs to visit the insured person during treatment. By offering this coverage, the group personal accident insurance ensures emotional and practical support for the employee at a critical time.
Special Free Benefit for transportation of the body
A group personal accident insurance policy often includes a Special Free Benefit for the transportation of the body, providing crucial financial support in tragic circumstances. If an insured employee passes away due to an accident, the group personal accident insurance covers the cost of transporting the body to the home location or preferred place of funeral. This compassionate benefit reduces the financial and logistical burden on the family during an emotionally difficult time. By offering this protection through a comprehensive group personal accident policy, employers demonstrate genuine care for their workforce. Whether included under group accident insurance, a group accident policy, or a broader group personal accident plan, this benefit ensures dignity, support, and timely assistance when families need it most.
Cost of Clothing damaged in the Accident
Under a group personal accident insurance policy, employees are protected not only against major accidental injuries but also against smaller but important financial losses. One such benefit is the reimbursement for the cost of clothing damaged in the accident. When an employee suffers an accidental injury, their clothes or personal attire may get torn, burnt, or damaged. The group personal accident insurance provides compensation for this loss, ensuring employees are not burdened by these unexpected expenses.
Daily Cash Allowance
The Daily Cash Allowance under a group personal accident insurance policy provides essential financial support to employees during hospitalization caused by an accidental injury. This benefit ensures that employees receive a fixed daily amount to manage non-medical expenses such as meals, travel, and other personal needs while they are admitted for treatment. Including Daily Cash Allowance in a group personal accident insurance plan enhances the overall protection offered to the workforce. Employers who choose a comprehensive group personal accident policy, group accident insurance, or group accident policy ensure that their employees are financially supported throughout their recovery period. This added layer of coverage makes a group personal accident plan more valuable and employee-centric.
This comparison highlights key differences between private and public insurers, aiding customers in making informed decisions based on their specific needs and preferences.
What is Not Covered (Exclusions) Under Group Personal Accident Insurance ?
Suicide, self-inflicted injury
Under a group accident policy, certain situations are excluded from coverage to ensure fairness and avoid misuse of the plan. One of the major exclusions is suicide attempts or any form of self-inflicted injury. This means that if an injury or loss occurs because the insured intentionally harms themselves, it will not be covered under the group personal accident benefits.
Due to liquor or drugs
This means that if an employee suffers an injury while intoxicated, the insurer will not provide compensation, even if the incident results in disability or death. This exclusion is a standard safety clause across the insurance sector to encourage responsible behaviour and ensure fairness in claim settlements. While a group personal accident plan provides extensive protection for unexpected mishaps.
Engaging in criminal law violations
group accident policy, insurers exclude any claim when an individual is involved in criminal activities or violating the law. If an accident occurs while the insured is participating in unlawful acts, the benefits under the group personal accident plan will not be payable. Even the best personal accident insurance providers strictly follow this rule.
Non-Passenger Aviation and Ballooning Activities
Non-passenger aviation and ballooning activities are excluded under most group accident policy plans. This means that if an employee is injured while operating, piloting, or participating in aviation activities other than as a fare-paying passenger, the claim will not be payable.
Involvement in Motor Vehicle Racing Activities
In a group accident policy, protection is designed to cover unexpected and unavoidable accidents. However, injuries that occur due to participation in motor vehicle racing activities—including professional racing, speed contests, or practicing for such events—are not covered. Since these high-risk activities involve deliberate exposure to danger, they fall outside the scope of a standard group personal accident plan.
War and Political Unrest
Most insurers clearly exclude incidents related to war, civil war, or political unrest from a group personal accident plan. This means that any injury, disability, or death resulting from armed conflict, rebellion, riots, or similar disturbances will not be covered under a group accident policy.
Nuclear power and radiation
Accidents or injuries caused directly or indirectly by nuclear power, radiation, or radioactive contamination are not covered under a group personal accident plan. These high-risk situations fall outside the scope of any standard group accident policy, as the impact of nuclear activity is considered catastrophic and unpredictable. Whether an employee is exposed during industrial work, experimental handling, or environmental radiation leaks, such claims are excluded from coverage.
Participation in High-Risk Activities
Under a group accident policy, protection is designed to cover accidental injuries that occur in normal, everyday situations. However, participation in high-risk or hazardous activities is generally excluded. High-risk activities may include adventure sports, professional athletic competitions, mountaineering, skydiving, scuba diving, or any other activity that exposes an individual to extreme danger.
What is Not Covered (Exclusions) Under Group Personal Accident Insurance ?
Suicide, self-inflicted injury
Under a group accident policy, certain situations are excluded from coverage to ensure fairness and avoid misuse of the plan. One of the major exclusions is suicide attempts or any form of self-inflicted injury. This means that if an injury or loss occurs because the insured intentionally harms themselves, it will not be covered under the group personal accident benefits.
Due to liquor or drugs
This means that if an employee suffers an injury while intoxicated, the insurer will not provide compensation, even if the incident results in disability or death. This exclusion is a standard safety clause across the insurance sector to encourage responsible behaviour and ensure fairness in claim settlements. While a group personal accident plan provides extensive protection for unexpected mishaps.
Engaging in criminal law violations
group accident policy, insurers exclude any claim when an individual is involved in criminal activities or violating the law. If an accident occurs while the insured is participating in unlawful acts, the benefits under the group personal accident plan will not be payable. Even the best personal accident insurance providers strictly follow this rule.
Non-Passenger Aviation and Ballooning Activities
Non-passenger aviation and ballooning activities are excluded under most group accident policy plans. This means that if an employee is injured while operating, piloting, or participating in aviation activities other than as a fare-paying passenger, the claim will not be payable.
Involvement in Motor Vehicle Racing Activities
In a group accident policy, protection is designed to cover unexpected and unavoidable accidents. However, injuries that occur due to participation in motor vehicle racing activities—including professional racing, speed contests, or practicing for such events—are not covered. Since these high-risk activities involve deliberate exposure to danger, they fall outside the scope of a standard group personal accident plan.
War and Political Unrest
Most insurers clearly exclude incidents related to war, civil war, or political unrest from a group personal accident plan. This means that any injury, disability, or death resulting from armed conflict, rebellion, riots, or similar disturbances will not be covered under a group accident policy.
Nuclear power and radiation
Accidents or injuries caused directly or indirectly by nuclear power, radiation, or radioactive contamination are not covered under a group personal accident plan. These high-risk situations fall outside the scope of any standard group accident policy, as the impact of nuclear activity is considered catastrophic and unpredictable. Whether an employee is exposed during industrial work, experimental handling, or environmental radiation leaks, such claims are excluded from coverage.
Participation in High-Risk Activities
Under a group accident policy, protection is designed to cover accidental injuries that occur in normal, everyday situations. However, participation in high-risk or hazardous activities is generally excluded. High-risk activities may include adventure sports, professional athletic competitions, mountaineering, skydiving, scuba diving, or any other activity that exposes an individual to extreme danger.
Unauthorized Medical Services
Under a group personal accident policy, only approved and medically necessary treatments are eligible for claims. Any medical service taken from an unregistered, unqualified, or unauthorized healthcare provider will not be covered. This includes therapies, procedures, or treatments that are not recognized by regulatory medical authorities.
Non-Passenger Aviation Participation
A group personal accident plan is designed to offer strong financial protection, but certain high-risk activities remain excluded. One such exclusion is Non-Passenger Aviation Participation. This means that if an individual is involved in flying an aircraft, operating it, or participating in aviation activities in any capacity other than as a fare-paying passenger, the claim will not be covered.
Ionizing Radiation Exposure
In a group accident policy, certain risks are explicitly excluded to ensure clear coverage boundaries. One common exclusion under the group personal accident insurance is exposure to ionizing radiation. This means that any injury, illness, or disability resulting from ionizing radiation or radioactive contamination will not be covered by the policy.
Consequential Losses & Liability
When opting for a group personal accident insurance plan, it’s important to understand the limitations within your group accident policy. One significant exclusion is consequential losses and liability. This means that the policy does not cover any indirect or consequential financial losses arising from an accident, nor does it cover any legal liabilities or claims made against the insured.
Misrepresentation and Non-Disclosure
One important exclusion under a group accident policy is misrepresentation and non-disclosure of material facts. If the insured party provides incorrect information or fails to disclose relevant details during the application process, the insurance company reserves the right to deny claims or cancel the policy.
Coverage Comparison of some Insurers
| Coverage |  |
 |
 |
 |
 |
 |
|---|---|---|---|---|---|---|
| Death | Yes | Yes | Yes | Yes | Yes | Yes |
| Permanent Total Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Permanent Partial Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Temporary Total Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Accidental Medical Expenses | Yes | Yes | Yes | Yes | Yes | Yes |
| Hospital Confinement Allowance | Yes | Yes | Yes | Yes | Yes | Yes |
This comparison highlights key differences between private and public insurers, aiding customers in making informed decisions based on their specific needs and preferences.
See all
Coverage Comparison of some Insurers
| Coverage | |
|
|
|
|
|
|---|---|---|---|---|---|---|
| Death | Yes | Yes | Yes | Yes | Yes | Yes |
| Permanent Total Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Permanent Partial Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Temporary Total Disability | Yes | Yes | Yes | Yes | Yes | Yes |
| Accidental Medical Expenses | Yes | Yes | Yes | Yes | Yes | Yes |
| Hospital Confinement Allowance | Yes | Yes | Yes | Yes | Yes | Yes |
| Transportation of Mortal Remains | Yes | Yes | Yes | Yes | Yes | Yes |
| Ambulance Charges | Yes | Yes | Yes | Yes | Yes | Yes |
| Education Benefit/Children’s Education Grant | Yes | Yes | Yes | Yes | Yes | Yes |
| Repatriation of Mortal Remains | Yes | Yes | Yes | Yes | Yes | Yes |
| Funeral Expenses | Yes | Yes | Yes | Yes | Yes | Yes |
| Loss of Employment | No | No | No | No | No | No |
| Medical Expenses Extension Cover | No | No | No | No | No | No |
| Baggage Delay | No | Yes | No | No | No | No |
| Baggage Loss (Common Carrier) | No | Yes | No | No | No | No |
| Coma | No | Yes | No | No | No | No |
| Overseas Accident Medical Expense | No | Yes | No | No | No | No |
| Overseas Personal Liability | No | Yes | No | No | No | No |
| Bail Bond | No | Yes | No | No | No | No |
| Hospital Cash Plan/Daily Cash Allowance | Yes | Yes | Yes | Yes | Yes | Yes |
| Orphan Benefit | No | Yes | No | No | No | No |
| Mysterious Disappearance | Yes | No | No | No | No | No |
| Treatment outside India | Yes | No | No | No | No | No |
| Out Patient Department (OPD) expenses | Yes | No | No | No | No | No |
| Loss/damage to School Bag/Books | Yes | No | No | No | No | No |
| Widowhood cover | No | No | No | No | Yes | No |
| Travel Expenses for Medical Treatment | No | No | No | Yes | No | No |
| Catastrophe Evacuation | No | No | No | Yes | No | No |
| Critical Illness Cover | Yes | No | No | Yes | Yes | No |
| Family Transportation Benefit | No | No | No | No | No | No |
| Special Free Benefit for transportation of the body | Yes | Yes | Yes | Yes | Yes | Yes |
Who can buy Group Personal Accident insurance?
Companies and Corporations
Whether you manage a small business or a large corporation, investing in a group accident policy ensures that your team members receive timely compensation for injuries, disabilities, or unfortunate accidents at the workplace or beyond. This type of coverage is highly valued because it offers collective protection under a single policy, making it cost-effective and easy to manage.
Business Entities
Group Personal Accident Insurance is an essential safeguard designed specifically for business entities looking to protect their workforce from unforeseen accidents. Whether you run a small company or a large corporation, a group accident policy offers comprehensive coverage that ensures your employees receive financial protection in case of accidental injury, disability, or death.
Non-Governmental Organizations (NGOs)
Non-Governmental Organizations (NGOs) often operate in challenging environments where the risk of accidents and injuries is higher than usual. To protect their valuable workforce, many NGOs turn to group personal accident insurance as a reliable safety solution. A well-designed group accident policy offers financial protection to employees and volunteers.
Associations and Societies
To ensure the safety and welfare of their members, many associations opt for group personal accident insurance. A well-crafted group accident policy provides essential financial protection against accidents that may occur during association activities or daily life.
Government and Public Sector Units
Government departments and public sector units play a crucial role in national development and public welfare. Ensuring the safety of their employees is a top priority, making group personal accident insurance an ideal solution. A comprehensive group accident policy provides essential accident cover benefits that protect employees against unforeseen injuries, disabilities, or accidental death while on duty.
Educational Institutions
Educational institutions, including schools, colleges, and universities, are responsible not only for academic excellence but also for the safety and well-being of their students, faculty, and staff. To protect against unexpected accidents, many institutions choose to invest in group personal accident insurance. A well-structured group accident policy provides reliable accident cover benefits to safeguard the entire educational community.
Professional Groups
Professional groups, associations, and networks often bring together individuals working in similar industries or skill-based occupations. To ensure the safety and financial protection of their members, many professional groups choose group personal accident insurance. A well-designed group accident policy offers comprehensive accident cover that supports members in case of accidental injuries, disabilities, or unforeseen events.
Banks and Financial Institutions
Banks and financial institutions manage large teams of employees who work in high-pressure environments, handle customer interactions, and often travel for official duties. To ensure the safety and financial protection of their workforce, many institutions invest in group personal accident insurance. A reliable group accident policy provides comprehensive accident cover that protects employees against accidental injuries, disabilities, or unforeseen incidents.
Startups
Startups operate in dynamic, fast-paced environments where employees often juggle multiple roles, travel frequently, and work in high-energy settings. To protect their growing teams, many startups choose group personal accident insurance. A tailored group accident policy ensures that employees receive financial protection in the event of accidental injury, disability, or unexpected mishaps.
Benefits of Choosing Group Personal Accident Insurance from GoInsureIndia.com
Enhanced Employee Satisfaction and Retention
Demonstrates that the company values its employees’ well-being, leading to increased job satisfaction and loyalty, which can reduce turnover rates.
Attracting Top Talent
Comprehensive accident benefits make the company more attractive to potential employees, helping to attract high-quality candidates in a competitive job market.
Cost-Effective Benefits
Group accident insurance policies are generally more cost-effective than individual policies, providing comprehensive coverage at a lower cost per employee.
Tax Benefits
Companies can avail of tax deductions on the premiums paid for group accident insurance, reducing their overall tax liability.
Cashless Hospitalization
Employees can benefit from cashless treatment at network hospitals, reducing the financial burden during medical emergencies and ensuring quick and hassle-free care.
Benefits of Choosing Group Personal Accident Insurance from GoInsureIndia.com
Enhanced Employee Satisfaction and Retention
Demonstrates that the company values its employees’ well-being, leading to increased job satisfaction and loyalty, which can reduce turnover rates.
Attracting Top Talent
Comprehensive accident benefits make the company more attractive to potential employees, helping to attract high-quality candidates in a competitive job market.
Cost-Effective Benefits
Group accident insurance policies are generally more cost-effective than individual policies, providing comprehensive coverage at a lower cost per employee.
Tax Benefits
Companies can avail of tax deductions on the premiums paid for group accident insurance, reducing their overall tax liability.
Cashless Hospitalization
Employees can benefit from cashless treatment at network hospitals, reducing the financial burden during medical emergencies and ensuring quick and hassle-free care.
Customizable Plans
Employers can tailor group accident insurance plans to meet the specific needs of their workforce, including additional benefits like dental, vision, and mental health coverage.
Legal and Compliance Benefits
Offering health insurance can help companies comply with local labor laws and regulations, avoiding potential legal issues and penalties.
Enhanced Company Reputation
Providing group accident insurance can improve the company’s reputation as a responsible and caring employer, enhancing its brand image and standing in the industry.
Higher Coverage Limits
Group accident insurance can provide higher limits of sum insured and unrestricted coverages that individual policies typically do not offer, ensuring better protection for employees.
Financial Security
Provides financial support to employees or members and their families in case of accidents.
Employee/Member Welfare
Demonstrates the organization’s commitment to the well-being and safety of its employees or members.
Peace of Mind
Offers reassurance to employees or members knowing they are protected against unforeseen accidents.
Ease of Management
Simplifies the administration of multiple individual policies by consolidating them into a single group policy.
Quick Claim Processing
Streamlined claim processing and settlement, ensuring timely financial aid.
Efficient Policy Management
Managed by the employer or group organizer, reducing administrative burdens for individual members.
Pay Premium in Installments
Flexible payment options allow employers to pay the premium in installments, easing the financial burden.
Cost-Effective
The cost is highly negotiable and very economical compared to individual accident insurance plans.
Coverage Customizability
Highly customizable to the specific needs of the group, including additional benefits such as dental and vision coverage.
Customizable Exclusions
Exclusions are negotiable, allowing for waiving or modifying exclusions based on the group’s requirements.
Tax Benefits
Employers can claim tax deductions on the premiums paid, reducing overall tax liability.
Higher Sum Insured Limits
Offers higher coverage limits and unrestricted coverages tailored to the needs of the group.
Extensive OPD Coverage
Possible with higher limits, providing comprehensive outpatient care services.
Claim Handling Through Dedicated Claim Manager
Offers personalized claim handling through a dedicated claim manager instead of a general call center.
Paperless Claim Settlement
Enables paperless claim settlement, eliminating the need to submit original claim papers.
Simplified Claims Process
Group management simplifies the claims process, often with dedicated support from the insurer.
Choice Between Private Insurers & Public Undertaking Insurers
| Parameter | Private Insurers | Public Insurers |
|---|---|---|
| Sum Insured Limit | Mostly provide 5 times of Annual CTC and Remaining few cover up to 7 times of Annual CTC | Can Extend up to 10 times of Annual CTC |
| Enterprise Suitability | More suitable for small & medium enterprises | More suitable for larger enterprises with over 1000 members |
| Premium Cost | Generally more flexible and competitive | Often standardized and less negotiable |
| Claim Settlement | Faster claim settlement with paperless processes in many private insurers | Slower claim settlement with more paperwork requirements in public insurers |
| Policy Customizability | Highly customizable policies | Standardized policies with lesser flexibility in non-traditional coverages |
| Innovative Products | Regularly introduce innovative products like Restore Benefit, Daily Cash, etc. | Less frequent introduction of new products like these |
Choice Between Private Insurers & Public Undertaking Insurers
| Parameter | Private Insurers | Public Insurers |
|---|---|---|
| Sum Insured Limit | Mostly provide 5 times of Annual CTC and Remaining few cover up to 7 times of Annual CTC | Can Extend up to 10 times of Annual CTC |
| Enterprise Suitability | More suitable for small & medium enterprises | More suitable for larger enterprises with over 1000 members |
| Premium Cost | Generally more flexible and competitive | Often standardized and less negotiable |
| Claim Settlement | Faster claim settlement with paperless processes in many private insurers | Slower claim settlement with more paperwork requirements in public insurers |
| Policy Customizability | Highly customizable policies | Standardized policies with lesser flexibility in non-traditional coverages |
| Innovative Products | Regularly introduce innovative products like Restore Benefit, Daily Cash, etc. | Less frequent introduction of new products like these |
| Cashless Facility for medical expenses | Available | Not Available |
| Financial Stability | Financially strong but vary between companies | Generally very stable and backed by the government |
| Market Share | Lesser market share but growing | Larger market share |
Benefits of Taking Group Personal Accident Insurance from GoInsureIndia.com
This comparison highlights key differences between private and public insurers, aiding customers in making informed decisions based on their specific needs and preferences.
Enhanced Employee Satisfaction and Retention
Demonstrates that the company values its employees’ well-being, leading to increased job satisfaction and loyalty, which can reduce turnover rates.
Attracting Top Talent
Comprehensive accident benefits make the company more attractive to potential employees, helping to attract high-quality candidates in a competitive job market.
Cost-Effective Benefits
Group accident insurance policies are generally more cost-effective than individual policies, providing comprehensive coverage at a lower cost per employee.
Tax Benefits
Companies can avail of tax deductions on the premiums paid for group accident insurance, reducing their overall tax liability.
Cashless Hospitalization
Employees can benefit from cashless treatment at network hospitals, reducing the financial burden during medical emergencies and ensuring quick and hassle-free care.
Customizable Plans
Employers can tailor group accident insurance plans to meet the specific needs of their workforce, including additional benefits like dental, vision, and mental health coverage.
Legal and Compliance Benefits
Offering health insurance can help companies comply with local labor laws and regulations, avoiding potential legal issues and penalties.
Enhanced Company Reputation
Providing group accident insurance can improve the company’s reputation as a responsible and caring employer, enhancing its brand image and standing in the industry.
Higher Coverage Limits
Group accident insurance can provide higher limits of sum insured and unrestricted coverages that individual policies typically do not offer, ensuring better protection for employees.
Financial Security
Provides financial support to employees or members and their families in case of accidents.
Employee/Member Welfare
Demonstrates the organization’s commitment to the well-being and safety of its employees or members.
Peace of Mind
Offers reassurance to employees or members knowing they are protected against unforeseen accidents.
Ease of Management
Simplifies the administration of multiple individual policies by consolidating them into a single group policy.
Quick Claim Processing
Streamlined claim processing and settlement, ensuring timely financial aid.
Efficient Policy Management
Managed by the employer or group organizer, reducing administrative burdens for individual members.
Pay Premium in Installments
Flexible payment options allow employers to pay the premium in installments, easing the financial burden.
Cost-Effective
The cost is highly negotiable and very economical compared to individual accident insurance plans.
Coverage Customizability
Highly customizable to the specific needs of the group, including additional benefits such as dental and vision coverage.
Customizable Exclusions
Exclusions are negotiable, allowing for waiving or modifying exclusions based on the group’s requirements.
Higher Sum Insured Limits
Offers higher coverage limits and unrestricted coverages tailored to the needs of the group.
Extensive OPD Coverage
Possible with higher limits, providing comprehensive outpatient care services.
Claim Handling Through Dedicated Claim Manager
Offers personalized claim handling through a dedicated claim manager instead of a general call center.
Paperless Claim Settlement
Enables paperless claim settlement, eliminating the need to submit original claim papers.
Is accident occurred outside India is covered?
Yes, Personal accidental insurance occurs worldwide there accident occurred anywhere is covered.
Simplified Claims Process
Group management simplifies the claims process, often with dedicated support from the insurer.
Frequently Asked Questions
Secure Your Team, Strengthen Their Future
Protect your employees or group members from unforeseen accidents with Go Insure India's Group Personal Accidental Insurance. Our policies provide financial security through coverage for accidental death, disability, and medical expenses, ensuring peace of mind while fostering a secure workplace.