Buying the best Group Personal Accident insurance from so many options in the market can become time-taking. Buying process of Group Personal Accident insurance The process of buying Group Accidental Insurance Policy typically involves the following steps: Assessing the coverage needs: The first step is to assess the coverage needs of the group. This includes […]
Articles Tagged: Group Personal Accident Insurance
Personal Accident insurance – Right price (Infographic)
With so many options in the market, paying the right price for Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that influence the premium of this policy. The typical cover offered […]
Right insurer for Group Personal Accident – Infographic
With so many options in the market, choosing the right insurer for Group Personal Accident insurance can be confusing. The insurance pays a pre-determined amount when an employee has an accident that can benefit the employee or their family. The below infographic explains various factors that you should consider to choose the best one. The […]
Personal Accident insurance – Claims process (Infographic)
While making a claim under group personal accident insurance, the employer needs to give complete personal information with the required documents. Claims can be rejected if the documentation is incorrect, or the claim involves an excluded condition. The infographic below explains how SecureNow offers an easy claims process, under Group Personal Accident insurance: […]
Group Personal Accident cover- Features (infographic)
Group Personal accident cover pays a fixed amount if an employee has an accident. This provides financial support in case of death or total or permanent disability. The infographic below explains the key features of Group Personal Accident insurance. Key features of Group Personal Accident insurance are financial and emotional assistance in case of accidental […]
Importance of a Personal Accident plan – Infographic
A Group Personal Accident Insurance pays a pre-determined amount when an employee has an accident. When an employee has an accident there is an important expectation that the employer will pay compensation. If the accident is on company premises or company work then the law may also require compensation to be paid. Importance of group […]
What does personal accident Insurance cover?
Personal accident insurance cover pays a fixed amount if an employee has an accident. The following are the standard coverages in personal accident insurance: Accidental Death: Death because of a car crash, or any other unfortunate accident is covered by personal accident insurance. If the insured dies in an accident, the beneficiary receives compensation of […]
What are the different types of Disabilities covered under a Group Personal Accident Plan?
There are different types of disabilities that are covered under a Group personal accident insurance. The disabilities caused by accidents are classified under the following three sections for determining compensation: Permanent Total Disablement (PTD) Permanent Partial Disablement (PPD) Temporary Total Disablement (TTD) Permanent total disablement refers to permanent loss of functionality. For example, if there […]
What Is Not Covered Under Group Personal Accident Insurance?
Group personal insurance is a type of insurance policy that provides coverage to a group of individuals, such as employees of a company or members of an association. This type of insurance policy typically includes health, life, and personal accident coverage, and it is designed to provide a cost-effective way for individuals to access insurance […]
What is the difference between personal accident insurance and life insurance?
This article is meant to understand the major differences between personal accident insurance and life insurance. A life insurance policy is a contract between the insured and the insurer under which, the insurance company provides a lump-sum payment to the beneficiaries upon the insured’s death. This is the death benefit. It acts as an income […]