Group Personal Accident Insurance

• Coverage: Coverage for accidents inside and outside the workplace, including commuting to and from work, are provided in this policy. Accidental death, total or partial permanent disability, and temporary total disablement benefits are all included.
• Accidental Death Benefit: Pays out a lump sum amount to designated beneficiaries, in the event of an insured person's accidental death.
• Disability Benefit: Provides compensation in the form of a lump sum payment based on the severity of the disability, if an insured person becomes permanently disabled due to an accident.
• Medical Expenses: May cover medical expenses resulting from accidental injuries, including hospitalisation, surgery, medications, and rehabilitation costs.
• Weekly Indemnity: May provide a weekly benefit for a specified period to compensate for the loss of income, in case an insured person is temporarily disabled and unable to work due to an accident.
• Premiums & Coverage: The coverage amount varies with the policy's terms and the needs of the insured group. The overall cost is generally based on the number of individuals covered and their level of risk.

The policy helps in mitigation of the financial impact of such incidents by providing lump sum payments or weekly benefits, covering medical expenses, and offering support during recovery.