The secret behind the success of any organisation is its employees. In case the employees face bodily injury or illness during or because of their work, there should be a reliable support to compensate them. Here's everything you should know about the benefits of workmen compensation insurance in India.
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Yes, workmen compensation insurance in India is provided by several insurers. Like many other countries, India too requires employers to provide their workers compensation in case of injury or death.
To meet this requirement, several workers’ compensation insurance plans are available in India. Some insurers that offer worker’s compensation insurance:
| Go Digit General Insurance Limited | Raheja QBE General Insurance Company Limited. | Reliance General Insurance Company Limited |
| Universal Sompo General Insurance Co Ltd. | Bajaj Allianz General Insurance Company | Future Generali India Insurance Company Ltd. |
| Royal Sundaram General Insurance Co. Limited | Shriram General Insurance Co. Ltd. |
This plan is very useful for workers who are employed in construction sites, factories, plantations, mines etc. The chances of facing occupational diseases are higher as they can get injured, disabled or worse resulting in medical costs and lost wages.
Thus, providing worker’s compensation insurance is an employer’s statutory liability and they must meet this condition by law.
Definitely! Besides providing a safeguard against accidents, having a worker’s compensation insurance is useful for an employer too:
What type of business do you run?
Over to You,
The well-being of employees is every employer's responsibility. Occupational ailments or industrial accidents are common in mines, plantations and other factories. To minimise their devastating impact on the employees, a workers compensation insurance policy is absolutely necessary.
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