Group Personal Accident
Policy that provides financial protection for a group of people—usually employees—against accidents that result in injury, disability, or death. It offers 24/7 worldwide coverage (unless otherwise specified) and is a pure protection plan, meaning it does not build savings or investment value.
Key Coverage Areas of Group Personal Accident Insurance
Accidental Death
Lump-sum payout to the employee’s nominee if the insured dies due to an accident.
Permanent Disablement
Compensation if the insured suffers total or partial permanent disability (e.g., loss of limbs, sight, or hearing) due to an accident.
Medical Expenses Reimbursement
Covers outpatient and inpatient treatment costs for accidental injuries, such as X-rays, stitches, or surgery.
Temporary Total Disablement
Weekly cash benefit paid if the employee is temporarily unable to work due to accidental injury (e.g., fractures, recovery from surgery).
Hospital Income Benefit (Optional)
Daily allowance paid during hospital stays due to accidents.
Funeral or Repatriation Expenses (Optional)
Covers costs related to transporting the deceased employee’s body back to their home country.
Important Notes:
- Only accidents are covered (not illness or natural causes).
- Some policies exclude high-risk activities (e.g., extreme sports, racing) unless declared.
- Coverage limits and benefits vary by job role and risk class.
