Group Life and Personal Accident Insurance

Group Life & Personal Accident insurances are additional benefits offered by employers to retain their human capital. A life insurance policy for employees provides reassurance that their families will be financially protected from any immediate obligations in the event of an unfortunate occurrence. Most employers in such situations pay from their funds on humanitarian grounds. Group life insurance is a preferred alternative solution adopted by most corporates.

The Group Life and Personal Accident policy is available as a blanket insurance cover for all employees at an affordable cost. The sum assured can be determined based on employment grade, monthly earnings, or other relevant criteria.

While death due to accidental and natural causes is the core benefit of the policy, coverage can be extended to include disability benefits as well as other extensions such as critical illness, repatriation and accidental medical benefits.

Highlights of Group Life coverage:

• Flexible policy structure that enables selection of benefits suited to your HR requirements & obligations
• Compensation limits structured in multiple tiers to provide grade-wise benefits
• Hassle-free policy administration to reduce HR Department workload
• Highly competitive prices
• Fast-track claims settlement process
• Financial freedom and peace of mind