| Insurance >> Professionals >> Group Personal Accident |
| What can be Insured |
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| This insurance policy is ideal for insuring a group of people against the risk of any accidental death / injury during the policy period. |
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| Suitable For |
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| This insurance policy is essential for each and every group of people who seek to indemnify themselves against personal accident albeit on an individual basis. |
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| Group discounts are also offered for groups larger than 25 people but not more than 500 since for groups larger than 500, the insurer directly grants a heavier discount. |
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| 26 - 100 people |
10 percent of the total premium |
| 101 - 300 people |
15 percent of the total premium |
| 301 - 500 people |
25 percent of the total premium |
| 501 - 1000 people |
30 percent of the total premium |
| 1001 - 5000 people |
35 percent of the total premium |
| 5001 - 50000 people |
40 percent of the total premium |
| > 50000 people |
50 percent of the total premium |
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| Risks Covered |
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| This insurance policy provides compensation to any individual of the insured group in event of any death / injury during the policy period. |
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| Compensation Offered |
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| In any accidental injury being the sole and direct cause (within 12 calendar months) results in |
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| Death |
100 percent of Sum Insured |
| Permanent total disability |
100 percent of Sum Insured |
| Loss of two limbs / two eyes or one eye and one limb |
100 percent of Sum Insured |
| Loss of one limb or one eye |
50 percent of Sum Insured |
| Permanent partial disability |
Varying percentage of Sum Insured as per policy |
| Temporary total disability |
1 percent of Sum Insured payable on a weekly basis, subject to a maximum of Rs.3,000/- |
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| These benefits are essentially the same as those offered by Personal Accident policies without the cumulative bonus or education fund. |
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| Exclusions |
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| This insurance policy will never pay any claims arising from |
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- Compensation for more than one clause for the same period of disability
- Any payment after admission of a claim for 50 percent / 100 percent of Sum Insured
- Any claim in the period of insurance exceeding the Capital Sum Insured
- Suicide, suicide attempt, venereal disease, criminal breach of law, influence of alcohol / drugs
- Pregnancy
- War or nuclear perils
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