Group Personal Accident Insurance

The complete coverage for employees in the event of death or disablement

Group Personal Accident Insurance Policy

This policy is basically designed to offer some sort of compensation to the insured person who suffers bodily injury solely as a result of an accident which is external, violent and visible.

Group policies can be offered to corporates, clubs, associations, firms and institutions

The policy can be given in name or on an unnamed basis where the members can be included.

IFFCO Tokio offers a group discount on the size of the group at the inception of the policy.

The cover offered by this policy is available for 24-hours.

If you opt for our policy as online business insurance, you get a discount on premiums

Charges or expenses such as carriage of dead bodies, ambulance charges are subject to certain limits.

The educational fund to the dependent child is admissible only in the case of death or permanent disablement.

What the policy covers?

The following types of coverages are offered under a Personal Accident policy:-

Table D.
Table C.
Table B.
Table A.

The insured can claim only under any one of these sections as a result of any one accident.

The policy also covers expenses incurred for the carriage of dead body from place of accident to the residence subject to a limit of 2% of the capital sum insured or Rs.2,500 whichever is less. Under an Individual Personal Accident policy or Family Package Policy, an education fund is payable for a maximum of 2 dependent school-going children, in case of death or permanent total disablement of the insured person.

Exclusions

The policy does not cover the following things:

Self-injury, suicide, insanity or venereal diseases.
Issues that are arising out of intoxication, substance abuse or use of drugs.
Death due to childbirth or pregnancy is not covered under our policy.
Issues arising out of contempt of law, the involvement of nuclear weapons or armed forces are not covered under our policy.