- Accidental cover from day 1.
- 30 days waiting period: Any disease/illness/condition or treatment mentioned in 2 year exclusion list w [...]
When a company wants to ensure that their employees are protected against permanent total disablement, loss of eyes and limbs, permanent partial disablement or accidental death, then the organization opts for Group Personal Accident Insurance so that the employees or the member can be safeguarded against financial problems arising from accidents.
The following coverage is offered by group personal accident insurance:
Accident Death: If the insured dies after an accident, the insurer will pay the principal amount to the nominee of policyholder.
Permanent partial/total disability: If a partial/permanent disability is caused to the insured as a result of the accident and the disability lasts for a year, the insurer will compensate the insured the sum assured.
Weekly Benefit: If, due to an accident, the insured are fully disabled for a temporary period then they are authorized to get a weekly payment
Mortal remains transportation: The policy refunds the cost incurred in transferring the mortal remains from the site of the accident to either hospital, residence or cremation ground.
Generally, group personal accident insurance doesn't offer protection in the following cases:
Some directors expect you to do everything; write, be producer, psychiatrist. Some just want you to die in a tragic accident during the shooting so they can get the insurance. -John Malkovich