Can an employee claim their group personal accident insurance for accidents occurring outside India?

In the event of an accident that happens outside the country, an employee can claim a group personal accident insurance policy if global coverage is included in the plan.

Is pre-medical examination important to buy group personal accident insurance?

Group personal accident insurance plans only provide coverage for death and disabilities. It does not cover any medical ailments. Therefore, no pre-medical examination is required.

Which injuries are included in the permanent disability clause of the group personal accident insurance plan?

Following are the injuries included in the group health insurance plan: Losing both legs in an accident Losing both hands in an accident Loss of vision in both eyes Losing one hand/foot in an accident Losing one-eye vision

Is plane crash coverage included in the group personal health insurance?

Since plane crashes are considered accidents, they are covered under the group personal health insurance plan.

Is the natural death of an employee covered under the group personal health insurance?

Group personal health insurance plans do not cover natural deaths. It only provides coverage for accidental deaths and disabilities.

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Group Personal Accident Insurance

Group Personal Accident Insurance provides financial security against accidental death and disabilities. This employer offers a group personal accident policy to its employees. The plan provides many benefits, like disability coverage, a death benefit, children's education coverage, and more. Keep reading to find out the meaning, benefits, and more about group personal health insurance plans.

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What is Group Personal Accident Insurance?

Group Personal Accident Insurance provides financial protection against income loss due to the accidental death or disablement of an employee. Companies and organizations provide group health insurance plans to their employees and workers under an employee benefits scheme. The policy can be customised by the companies as per their size and needs.

The Group Personal Accident Policy helps companies pay hefty medical and treatment bills in the event of the partial or total disablement of an employee. Aside from this, the plan covers many other expenses, including child education and funeral expenses. Furthermore, this health insurance plan provides the sum assured to the nominee in case of the policyholder’s demise. To put it simply, group accident insurance gives employees a sense of security.

Whether you own a mid-size or large firm, it is wise to buy group personal accident insurance. It will not only motivate your employees but also make them feel valuable in the organisation.

Benefits of Group Personal Accident Insurance

Group Personal Accident Insurance provides both emotional and financial security to employees, resulting in better performance. Group accidental coverage provides many other benefits to employees. These benefits include:

Accidental Coverage: In case of the demise of an employee, group personal accident insurance provides financial support to their families and dependents. A health insurance company pays the sum assured to the nominee if the policyholder dies during the policy tenure.
Disability Coverage: Sometimes, accidents could lead to the partial or permanent disability of a person. And this may be a financial obstacle if the person is the sole breadwinner of the family. However, the situation might be different if you are covered under a group personal accident insurance plan. This plan provides financial support to the policyholders in case of any disability.
Educational Benefits: Another advantage of group personal accident insurance is that it provides educational benefits to the policyholder's children. The plan can cover education fees and other expenses for two children in the event of the policyholder’s demise or a permanent disability.
Medical Reimbursement: Employees can reimburse medical expenses arising from an accident. You can claim for various expenses, including pre-and post-hospitalisation, daily hospital allowance, and others.

Frequently Asked Question

1
Can an employee claim their group personal accident insurance for accidents occurring outside India?
In the event of an accident that happens outside the country, an employee can claim a group personal accident insurance policy if global coverage is included in the plan.
2
Is pre-medical examination important to buy group personal accident insurance?
Group personal accident insurance plans only provide coverage for death and disabilities. It does not cover any medical ailments. Therefore, no pre-medical examination is required.
3
Which injuries are included in the permanent disability clause of the group personal accident insurance plan?
Following are the injuries included in the group health insurance plan:
- Losing both legs in an accident
- Losing both hands in an accident
- Loss of vision in both eyes
- Losing one hand/foot in an accident
- Losing one-eye vision
4
Is plane crash coverage included in the group personal health insurance?
Since plane crashes are considered accidents, they are covered under the group personal health insurance plan.
5
Is the natural death of an employee covered under the group personal health insurance?
Group personal health insurance plans do not cover natural deaths. It only provides coverage for accidental deaths and disabilities.