Group Personal Accident
What is Group Personal Accident ?
Group Personal Accident Insurance offers financial compensation to a group of individuals (usually employees) in the event of death or disability resulting from an accident. It is a cost-effective and essential welfare policy that ensures the financial stability of the insured and their families during unforeseen incidents.
Key Features Of Group Personal Accident
Following are Key Features
- Coverage
- Additional benefits
- Cost-effectiveness
- Customization
Who purchases it?
Employers often purchase GPA policies for their employees, but other groups like associations or clubs can also benefit.
Benefits for Organizations
Benefits Cover
- Employee well-being
- Financial protection
- Attracting and retaining talent:
What is a group personal accident?
Group personal accident (GPA) insurance is a type of insurance that provides financial protection to a group of people, typically employees of a company or members of an organization, against accidental death, disability, or injury. It’s a valuable employee benefit that helps mitigate the financial impact of accidents on individuals and their families.
What does group personal accident cover?
Group Personal Accident Insurance provides a comprehensive coverage for all expenses associated with accidents. In case of the accidental death of the insured, 100% of sum insured is paid to the nominee. 100% of the sum insured is paid in case the insured losses vital limbs.
Which is not covered under personal accident policy?
Personal accident insurance does not cover injuries or death resulting from mental illness or emotional distress.
