Don't Let Accidents
Derail Your Team's Potential
Invest in affordable group personal accident insurance and demonstrate your commitment to your employees' well-being.
Our Trusted Partners
Why is Group Personal Accident Insurance Vital for Business
Group personal accident insurance protects your employees from financial hardship due to accidents and injuries. It demonstrates care for your team and improves employee satisfaction and retention.
What Types of Businesses Need Corporate Group Insurance For Employees?
Startups and SMEs
Even with a tight budget, protecting your team is a smart investment. Affordable group personal accident insurance (GPA) is a great place to start.
Manufacturing and Construction
GPA coverage protects individuals employed in the manufacturing sector. Having a group coverage assures a complete harmony in workflow and prevents any kind of work disruption for your employees.
IT and Tech Companies
IT and tech companies can offer group personal accident insurance to protect their employees from unexpected accidents, both on and off the job.
Educational Institutions
Schools and universities benefit from group personal accident insurance for employees, providing peace of mind for teachers and administrative staff.
Event Management Companies
Crews and staff members of an event management company remain well-protected with GPA policy. With reduced risks, work efficiency increases for the entire team.
How will Group Personal Accident Policy Help Businesses?
In an event where a young software engineer from Bangalore, commuting to work on his motorcycle, is involved in a serious accident. He sustains multiple fractures and requires extensive medical treatment. The financial burden on his family is immense, and his absence leaves a significant gap in your team.
Protect Your Employees with Group Personal Accident Insurance
This is where Group Personal Accident (GPA) insurance steps in. It provides a financial safety net for your employees and their families in the event of an accident, ensuring they receive the necessary medical care and financial support during a difficult time.
Inclusions
Permanent Partial Disability
Compensation for permanent loss of bodily function or limb due to an accident
Permanent Total Disability
Financial aid if the insured becomes completely and permanently unable to work due to an accident
Medical Expenses Incurred Because of Accidents
Covers hospital bills, treatment costs, etc., resulting from an accident
Temporary Total Disability
Income replacement when the insured is temporarily unable to work due to an accident
Accidental Death
Lump-sum payment to beneficiaries if the insured dies due to an accident
Accidental Coverage
Broad term referring to the overall protection against financial loss due to accidents
Exclusions
Death or injury when under the influence of alcohol or drugs
If the accident occurs while intoxicated or under the influence of drugs, coverage will be denied
Self-inflicting injuries or death due to such injuries
The policy typically won't cover intentional self-harm or suicide attempts
High-risk adventure activities
Participation in dangerous activities like skydiving, rock climbing, or car racing might be excluded
War, invasion, or civil unrest
Accidents occurring during war, invasion, or civil unrest are usually not covered
Injury or death due to unlawful activities
Engaging in illegal activities can void coverage if an accident happens during such an act
Employee financial security
Cost-effective group rates
Quick claim settlement
24/7 accident support
Customizable coverage options
Why Opt For Our Group Personal Accident Insurance Policy?
At Covrzy, we understand the importance of protecting your team from accidents. We provide comprehensive GPA coverage with expert guidance and dedicated support.
Employee financial security
Cost-effective group rates
Quick claim settlement
24/7 accident support
Customizable coverage options
Real Life Claim Story
In 2019, a tragic bus accident occurred in Kullu, Himachal Pradesh, involving employees of a leading IT firm in India. The bus was carrying employees on a company-sponsored trip when it plunged into a gorge, resulting in 44 fatalities and over 30 injuries.
Death Benefit
The policy would've paid out a death benefit to the families of the deceased employees, offering some financial stability during their grief.
Disability Benefit
Injured employees would've received disability benefits, supporting their rehabilitation and helping them adapt to any permanent disabilities.
Frequently Asked Questions
What is Group Personal Accident (GPA) Insurance?
GPA insurance is a type of insurance policy that provides financial protection to a group of individuals, typically employees, in the event of an accident leading to injury, disability, or death. It offers a safety net for employees and their families during difficult times.
What are the benefits of Group Accident Insurance Policy for employees?
Are pre-existing conditions covered under a GPA policy?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Comprehensive Coverage Against Employee Accidents
Don't Leave Your Team's Safety to Chance
