health_social

Health is a state of complete physical , mental & social well being. It enables us to enjoy ourselves, to have the energy to live life to the fullest. Health insurance is important because cost towards good medical facilities and hospitalisation can be financially stressful. With rising medical expenses, a health insurance cover can provide you the added protection you need.

Main coverages under Health Insurance are:-

  • Hospitalization & day care treatments

  • Cash less and reimbursement mode for hospitalization expense.

  • Pre and post hospitalisation coverages.

  • Maternity Benefits with coverage of new born baby.

  • Pre existing disease covered.

  • Waiver of waiting period.

  • Domicilary hospitalisation upto certain limits.

Group Personal Accident (GPA) :-

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 Group 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.

Key Features of GPA

People these days are prone to many diseases as a result of which the longevity of life is also reduced. Thus it gets important to take an appropriate risk cover and give your family a financially secure future.

Loans & Liabilities:

The group accident cover offers to pay compensation to the employees who suffer bodily injuries due to accident.

  • The policy offers coverage for 24x7.

  • Organization can get group discount depending on the size of the employees at the start of policy.

  • The policy also covers expenses related to ambulance transport and other accident related charges.

  • Insurance companies offer upto 2% of the capital sum insured cover to compensate for the carriage of dead body from the place of accident to the residence

Coverages

Comprehensive cover

The group personal accident policy assures comprehensive protection for almost all expenses due to accident.

Death caused by accident -

In case, the employee passes away due to an unfortunate incident that occurs at the workplace, the insurance company pays compensation the nominee.

Permanent disability

If the employee suffers a permanent loss of limbs, the insurance company offers to fund education of the employee’s child.

Ambulance Cost

If the employee needs hospitalisation, the group accident policy pays for the ambulance cost.

Transport of mortal remains

Insurance companies offers to cover cost incurred for transport of dead body from accident site to the residence of the employee