Group Personal Accidents (GPA) Policy


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What Is Group Personal Accident Insurance?

Group Personal Accident Insurance protects its members against accident leading to disability or death. It is commonly available as corporate group insurance for employees/ owner/ board members of a company. Irrespective of the size of your group, you can buy customizable group personal accident cover to suit the requirements of your group members. The group personal accident cover also offers discounts on the basis of the number of members.

Why Group Accident Insurance Required?

Accidents not only create physical disablement (permanent or temporary) but can also come with the financial crisis for both the sufferer and his/her family. Since we all are exposed to accidents in our day to day life, and if the accident occurs with the breadwinner of the family, then the situations can be troublesome. Therefore, in the modern era where organizations are becoming more and more customer-centric, it has become important to opt for an insurance policy that provides compensation in case of an accident that has caused disablement or death.

In order to cater to such needs of the organizations, group accidental insurance policies are introduced. These policies offer comprehensive coverage to the group of people against accidental disability and death.

Key Features of Group Accidental Insurance Policy

An accidental insurance policy for employees can be given to clubs, corporates, associations, institutions, and firms.

Some plans also provide an educational fund for dependent children of the insured in case of his/her permanent disablement or death.

Generally, the tenure of these policies is one year from the start date of the policy.

Most of the insurance providers offer a discount based on the size of the group.

Agroup accidental insurance policy can be renewed by following the same steps as forany other ordinary policy.

Benefits of Group Accident Insurance Policy

The common benefits that most of the accidental insurance policies for employees offer are:

Accidental Death:

The insurance provider pays the sum insured in case of accidental death of the insured to his/her nominee(s).

Permanent Partial Disability:

If the employee has become partially disabled due to some injury, then sum assured ranging from 2% to 60% depending upon the policy term is paid by the employer to employee. However, the disability must be continued for 12 months.

Permanent Total Disability:

If the employee of the insured meets with an accident that has caused permanent disability and that is continued for one month, then the compensation is given to the employee. This compensation can be up to the sum assured.

Educational Benefits:

The insurance company pays for the cost of the education of the children in case of permanent disability or unfortunate death of the employee.

Charges of the Ambulance:

The insurance company pays for the ambulance charges if the employee has met with an accident is required to be taken to the hospital by ambulance.

Weekly Benefits:

If an employee is completely disabled due to an accident, then the insurance company pays weekly compensation for a temporary period.

Transportation of Mortal Remains:

Most of the plans reimburse the cost incurred in transporting the mortal remains from the site of the accident to residence, hospital, or cremation ground.

Medical Reimbursement:

The accidental insurance policies for employees reimburse hospitalization charges and medical expenses incurred due to accident or injury.

Broken Bones:

The policy pays for the lump sum amount to the employee in case of damage of bones incurred due to injury or accident.

What Does Group Personal Accident Insurance Cover?

The group accident insurance policy offers the following coverage:

Accident Death

If the insured succumbs to death after an accident, the insurer will pay the principal amount

Permanent partial/total disability

If the injury causes a partial/permanent disability to the insured which continues for a year, the insurer will pay compensation up to the sum assured.

Weekly Benefit

The insured is entitled to get a weekly compensation if they are fully disabled for a temporary period due to an accident.

Ambulance Charges

If the policyholder meets with an accident and is taken to a hospital, the policy offers reimbursement of ambulance charges.

Mortal remains transportation

The policy reimburses the cost incurred in moving the mortal remains from the accident site to hospital, residence or cremation ground.

Broken bones

A lump sum amount is paid for broken bones resulting from an accident. The policy clearly states which broken bones will be covered under the plan.

What it doesn't cover?

Usually, group personal accident insurance doesn't offer coverage in the following cases:

  • Natural Death
  • Injury caused while under the influence of drugs or alcohol
  • Violation of law
  • War and nuclear perils
  • Pregnancy or childbirth
  • Ionizing radiation or radioactivity

Why Choose Group Personal Accidents Policy by SecureHub Consultants Private Limited?

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