An accident can put the concerned family into a financial turmoil. Any mishap that leads to death or disablement of the insured can impact the finances of the dependents. As a way to encourage employees and make them feel safe, most organisations offer health insurance plans under the group personal accident insurance.
As the name suggests, the group personal accident insurance is a cover for employees under their organisation’s group health insurance plan. The policy coverage is available to both the employer as well as the employees of the company.
Group personal accident insurance offers comprehensive protection that covers the employee enlisted under it against hefty medical expenses incurred due to disablement in an accident. The policy also covers the death of the insured due to the mishap.
Further, we have explained the features of group personal accident insurance in detail.
Following are the general features of group personal accident insurance plans available in India.
Typically, the coverage of the personal group accident insurance depends on the term of the plan taken by the employer. Most personal group accident insurance plans cover the following things -
Group personal accident insurance plans are an excellent way for companies to show that they care for their employees and their families. In fact, many health insurance plans in India have a provision to customise group coverage to fulfil the needs of the employees.
It may require the employees to pay additional premiums to enhance the coverage of their health insurance plan. However, the primary health cover is free, and the organisation pays the premiums. Besides, employees can use the health insurance calculator to determine the premiums charged on the overall coverage they have chosen and make an informed decision based on it.
Overall, this only reiterates the importance of having a comprehensive health insurance plan that covers the medical needs of you and your family. In case your organisation does not offer this incentive, you can always choose to buy health insurance with a trusted provider.
The health insurance plans available on Finserv MARKETS offer extensive coverage at affordable prices, bespoke health plans, reinstatement benefits in case you exhaust your sum assured, cashless claim settlements, hassle-free renewals, and so much more.
So, why wait? Insure yourself and your loved ones with a health insurance plan available on Finserv MARKETS, today.