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Group Personal Accident (PA) Insurance Policy in India

Group Personal Accident Insurance Policy which is taking by the corporate companies or organization to the group of people who is working as an employee. It gives comprehensive financial protection to the Insured person due to accident, partial disablement, total disablement or death.

The accident is an unexpected and undesired incident that happens due to some worse circumstance. The accident might cause injury or will lead even to the death of the human. To be careful we as an individual need to have an individual Group Personal Accident Insurance Policy which can be claimed during the accident. For every human, our family is the most important one. So to avoid making our family restless or make them wandering for money for us when we get sick, it is important to have an accident insurance.

Personal accident insurance can be claimed in the event like death to the injury of the person that occur due to the accident. If a person has met with an accident with the visible, external and violent body then he or she can claim the insurance directly due to the accident. This type of policy will work for the personal safety and also its claimable in 24 hours. Different insurers provide different accident insurance policies. Some might provide coverage restricting death only or some might give coverage for permanent disabilities and some for only temporary ailments.

Some insurers give a personal accident policy which will cover the families also. Either the spouse or the children can be covered under the personal accident policy with some minimum discount in premium. There are also group personal accident policies available from some insurers. It also depends on the size of the group. We have to be clear that compensation will not be provided for the individual who suffers from injury or death due to illness or disease. There are different coverage’s given under this insurance policy.

Individual and Group Personal Accident Insurance Plan can be extended as an add-on coverage for medical expenses on an accident on payment of additional premium. Also, there is an option for an Indian who works in foreign on civilian duty can cover war risk on payment of the additional premium. Any adult residing in India can have this policy. Policy and fund coordinators will help you in taking this insurance. They will also give you a wide knowledge of this personal accident insurance.

Age Eligibility

• Person age between 18 – 65 years – Living in India, can take this policy (Insurance company to company the maximum entry age will vary)

Sum Assured (SA)

• Minimum 5,00,00 Lac – Maximum 30 Lacs (Insurance company to company the maximum sum assured will vary)

Coverage of Group Personal Accident Insurance Policy

• Accidental Death: Under this plan is payable if death occurs due to unexpected.
• Accidental disability: If Policyholder Disabled due to accident either partially disabled or permanently disabled.
• Accidental dismemberment: If the insured person loses his hand or leg or eyes due to the accident, insurance company pay the claim under the dismemberment.
• Terrorism Act: Injuries Due to terrorist acts are covered and eligible for a claim.
• Daily cash benefit payment during the hospitalization.

Highlights of Group Personal Accident Insurance Plan

• Group Personal Accident Insurance Policy is safeguarded in all expenses due to accidents.
• Accidental death happens to the insured full sum insured 100% will be paid to the nominee.
• Losses vital limbs 100% full sum insured will be paid to the insured person.
• Partial Disablement 50% of sum assured will be paid to the insured person.
• Some sum assured will be paid to the insured for temporary disability.

Advantages of Group Personal Accident Insurance Policy (PA Policy)

• The family will be financially secure
• No medical tests and documentation are required
• Lower premium and more benefits
• 24×7 helpline
• Legal and final funeral expenses are covered
• Child education advantage is included

How to Register Group Personal Accident Insurance Claim?

First to be intimated the claims department of Insurance Company with details of an event of accident specified time and frame.

• Claim reference number to be kept for future reference.
• The below information is required to register the claim with the service provider (Insurance Company)
• Contact details
• Details about Policy number
• Accident – Date and Time
• Place of accident
• Details briefly on where and how the accident happened

Accidental Death or Disabled Claim Register Required Documents

• Death Certificate
• Post Mortem Report
• FIR Report
• Medical Certificate by the hospital
• Medicine treatment bills

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