Exploring Group Personal Accident Insurance & More About It
Published On Oct 16, 2019, Updated On Nov 24, 2020
Group Personal Accident Insurance is a group insurance policy. Issued to a group of employees by an organisation, Group Personal Accident Insurance provides superior financial protection against sky-rocketing medical expenses incurred due to disablement or death because of an accidental injury.
Issued to a group of employees with similar risk profile, Group Personal Accident Insurance generally covers Accidental death, Medical expenses arising out of accidents, Permanent total disability due to an accident, and Permanent partial disability due to an accident.
Meeting an accident not only leaves one physically & mentally disturbed, but also financially drained. In case of death of the sole earning member of the family, the situation becomes even worse. Therefore, in order to ensure financial stability no matter what the situation is, it is important for one to invest in group personal accident insurance to lower the burden of unexpected medical expenses. The best part is that one doesn’t have to get their or their family’s medical checkup done for buying such policy.
Several responsible insurers understand the significance as well as benefits of group personal accident insurance. Therefore, they offer Group Personal Accident Insurance plans so that one can take care of themselves and their dependents without inviting further stressful situations.
To choose one of the best group personal accident insurance plans, explore the list below by renowned insurers like:
- HDFC ERGO
Offering peace of mind with its group personal accident insurance plan, HDFC ERGO provides one with a wide coverage to deal with accidental death or disability. It won’t be wrong to say that at a low premium, HDFC ERGO promises to offer much more than one can expect.
The policy covers you for Accidental Death, Permanent Disablement, In-Hospital Medical Expenses (Accident only), Emergency Medical Expenses (Accident Only), Emergency Medical Expenses, Hospital Cash (Accident only), Hospital Cash (Accident & Sickness), Hospital Cash & Home Convalescence (Accident & Sickness), and multiple other expenses.
- Tata AIG
Helping organisations make their employees feel valued and cared for, Tata AIG offers group personal accident insurance. Affordable and reliable, group personal accident insurance by the insurer ensures 24X7 worldwide cover, sum insured basis on salary/category as per client’s requirements, and a lot more.
The policy provides cover for Accidental Death, Dismemberment, Permanent Total Disability, Permanent Partial Disability, Weekly Benefit, Accident Medical Expenses Reimbursement, along with optional rider benefits such as Education Allowance, Family Transportation, Modification Allowance, and Repatriation Of Remains.
- Royal Sundaram
When it comes to group personal accident insurance, Royal Sundaram too, has a lot to offer. Offering the policy at affordable premium, Royal Sundaram, under its plan provides features like flexibility of covers & sum insured, supreme claim service, and others.
The policy offers coverage for bodily injury owing to an accident caused by external, violent & visible means and resulting in death or disablement within 12 calendar months from the date of accident. On payment of additional premium amount, you can also gain extra coverage for Medical Expenses Extension and Temporary Total Disablement Cover.
Note that also related is the option to select higher medical expense limit, option to select higher temporary total disablement benefit limit, expenses of carriage of dead body, subject to a maximum of 2% of capital sum insured or Rs. 2500/-, and provision to restrict the cover either on duty.
- SBI General
SBI General’s Group Personal Accident Insurance Policy is the perfect way you can take control of your life even if something unpleasant takes place. Furthermore, you get a chance to keep your family’s financial security intact, even if you are not there to do so.
This SBI policy covers you for Loss of Life Due to Accident.
The sum insured options range between Rs. 2 Lakh and Rs. 20 Lakh, with premium starting from Rs. 100 up to Rs. 1000 as per sum insured opted for.
- Reliance General Insurance
Reliance Group Personal Accident Insurance Policy is an extremely pocket-friendly option. Helping people avoid serious financial issues for themselves and their dependents in case of injury, Group Personal Accident Insurance by Reliance provides wide cover, along with hassle free documentation.
Reliance General Insurance, under its Group Personal Accident Insurance provides cover for Accidental Death, Permanent Total Disability, Permanent Partial Disability, Temporary Total Disability, with additional cover or value added benefits like Carriage of Mortal Remains, Off Duty & On Duty Cover, and Medical Expenses Extension.
- ICICI Lombard
Group personal accident insurance by ICICI Lombard is nothing less than a boon. Offering ultimate support at a time when one needs it the most, ICICI Lombard proves why it is one of the key preferences of all employees.
Under this policy, you gain coverage for Death, Permanent Total Disablement, Permanent Partial Disablement, Temporary Total Disablement.
The extensions available under ICICI Lombard group personal accident policy include Cover for Expenses related to Burns, Repatriation of Mortal Remains, Ambulance Charges, Transportation Allowance (Compassionate visit), Travel Expenses for Medical Treatment, and others.
Now that you are aware of both, the importance of group personal accident insurance and the plan options available, don’t waste any more time. Let the best group personal accident insurance along with your health insurance policy offer you & your family unmatched support.
P.S. This is an informative article. Moreover, InsuranceDekho does not offer any of the mentioned plans. If willing to gain information about top health insurance plans, feel free to explore the site or call our experts at 18001205698.