GROUP ACCIDENT INSURANCE Can be used Internationally as well Group accident insurance is a type of insurance that is offered to employees (by the employer) to protect them against the medical expenses incurred due to injury or death resulting from an accident at the workplace. Today, the employers worldwide have realised that their workforce is their greatest asset and therefore, are taking every step to keep them protected against uncertainties. At the workplace, especially if it is a manufacturing unit, the employees are exposed to various risks. To ensure protection to the employees, it is paramount that the employers cover the employees under a group accident insurance plan. It is a win-win situation for both the employers and the employees. While the employees feel protected, the employers get a group discount based on the size of the company at the commencement of group insurance policy. What are the key features of group accident insurance? The group accident cover offers to pay compensation to the employees who suffer bodily injuries due to accident. The policy offers coverage for 24×7. Organization can get group discount depending on the size of the employees at the start of policy. The policy covers expenses related to […]
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