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Group Personal Accident Insurance

Group Personal Accident Insurance protects its members against accident leading to disability or death. It is commonly available as corporate group insurance for employees/ owner/ board members of a company.

Accidents create financial problems for the insured and dependents alike. Group personal accident insurance offers complete coverage in the event of death or disablement of the policyholder due to accidents occurring anywhere in the world.

Group accident insurance is a comprehensive cover that can be bought for large as well as small groups, such as bank customers, employees, schools, colleges, and corporates. Irrespective of the size of your group, you can buy customizable group personal accident cover to suit the requirements of your group members.

In addition to offering such basic benefits as accidental death and permanent partial/total disability coverage, various group accident covers offer an option to choose additional benefits for all or selected members of the group. The group personal accident cover also offers discounts on the basis of the number of members.

Why Group Accident Insurance Required?

Accidents not only create physical disablement (permanent or temporary) but can also come with the financial crisis for both the sufferer and his/her family. Since we all are exposed to accidents in our day to day life, and if the accident occurs with the breadwinner of the family, then the situations can be troublesome. Therefore, in the modern era where organizations are becoming more and more customer-centric, it has become important to opt for an insurance policy that provides compensation in case of an accident that has caused disablement or death.

In order to cater to such needs of the organizations, group accidental insurance policies are introduced. These policies offer comprehensive coverage to the group of people against accidental disability and death.

Types of Group Personal Insurance Plans with Features & Benefits

Group Accident insurance comes with multiple benefits. Following is the list of all the group personal accidental plans in India that you can consider buying in 2020:

Insurance Policy Feature Benefits Exclusion
Aditya Birla Group Activ Secure
  • Global emergency medical assistance
  • Provides a lump sum claim benefit
  • Customised policies for corporates
  • Option to choose hospital room type
  • Tracking of health via Activ Health App
  • Earns rewards on HealthReturns on living a healthy life
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Accidental hospitalization
  • Recovery benefit
  • Road ambulance cover
  • Burns and broken bones benefit
  • Out-patient expenses
  • Pre-existing diseases
  • Suicide, attempted suicide or self-inflicted injury
  • Mental diseases including psychiatric/ strokes/ fits/ mental disorder
  • Venereal disease, STDs or congenital diseases
  • Pregnancy-related consequences
  • Accidents under the influence of alcohol or drugs
Bajaj Allianz Global Personal Guard Policy (Group)
  • Covers accidents outside India
  • Policy for the entire family
  • Lifestyle modification benefit
  • Add-on cover for adventure sports cover, travel expenses and air ambulance services
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Transportation of mortal remains
  • Funeral expenses
  • Lifestyle modification benefit
  • Accidental hospitalization
  • Fracture benefit
  • Emergency ambulance cover
  • Travel expenses benefit
  • Pre-existing condition
  • Suicide, attempt to suicide or self-inflicted injury
  • Accidents under the influence of drugs or alcohol
  • Participation in motor racing
  • Participation in defence operations
  • Venereal or STDs or HIV AIDS
  • Pregnancy or childbirth-related complications
  • War, invasion, civil unrest, nuclear radiation/ weapon
Bharti AXA Smart Group Personal Accident Insurance Policy
  • Weekly compensation benefit
  • Double benefit on death or permanent total disability available
  • Option to choose cover for children education grant, funeral cost & transportation of mortal remains
  • Add-on covers for accidental medical expenses, broken bones & hospital cash allowance available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Pregnancy or childbirth-related complications
  • Pre-existing diseases
  • Intentional self-injury, suicide attempt or suicide
  • Accidents due to the influence of drugs or alcohol
  • Venereal disease, mental disorder or AIDS
  • Participation in adventure sports
  • Intentional breach of law
  • War or nuclear perils
Chola MS Group Personal Accident Insurance
  • Sum insured as per the earning capacity of each member
  • Accident weekly benefit
  • Children education benefit
  • Add-on cover for terrorism coverage
  • Group discounts on premium
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Weekly compensation benefit
  • Medical treatment & hospitalization expenses
  • Education benefit
  • Modification of house and own vehicle
  • Ambulance hiring cost
  • Transportation of mortal remains
  • Broken bones
  • Intentional self-injury, suicide attempt or suicide
  • Natural death
  • Accidents under the influence of drugs or alcohol
  • Pregnancy or childbirth-related complications
  • Mental disorders
  • Venereal disease
  • Accidental death or injury sue to violation of law
  • War or nuclear perils
Digit Group Personal Accident Policy
  • Worldwide coverage
  • Policy tenure up to 5 years
  • Lifestyle modification benefit available
  • Option to choose child education benefit, loss of income and accidental medical expenses
  • Adventure sports cover available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Intentional criminal violation of law
  • Cosmetic or plastic surgery
  • Pre-existing diseases
  • Intentional self-injury or suicide
  • Accidents due to the influence of drugs or alcohol
  • War or nuclear perils
  • Mental disorders
Future Generali Group Personal Accident
  • Group discounts available
  • Policy term up to 5 years available
  • Add-on covers such as child education support, accidental medical expenses, repatriation & funeral benefits available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Intentional self-injury
  • Pregnancy or childbirth-related complications
  • Accidents due to the influence of drugs or alcohol
  • Intentional violation of law
  • Venereal disease, HIV AIDS or STDs
  • War or nuclear perils
  • Participation in riots or civil unrest
HDFC ERGO Group Personal Accident Insurance
  • No health check-up required
  • Medical insurance premium payment benefit
  • No maximum cover ceasing age
  • 24x7 claim assistance
 
  • Accidental death
  • Permanent disability
  • Accidental hospitalization expenses
  • Daily hospitalization benefit
  • Medical insurance premium payment
  • Reconstructive surgery following an accident
  • Funeral expenses
  • Children education fee payment
  • Self-inflicted injury
  • Participation in illegal or criminal activities
  • Participation in adventure sports/ hazardous activities
  • Participation in defence operations
  • Accidents due to consumption of alcohol or drugs
  • HIV and AIDS
  • War or terrorist attacks
HDFC ERGO Health Group Personal Accident Insurance
  • Plans for individuals as well as for entire family
  • Cashless hospitalisation available
  • Option to choose adventure sports benefit
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Family transportation
  • Broken bones benefit
  • Transportation of imported medicines
  • Modification of house or vehicle
  • Purchase of blood
  • Self-inflicted injury, suicide attempt or suicide
  • Accidents due to abuse of drugs or alcohol
  • Participation in defence operations
  • Intentional participation in criminal/ illegal activities
  • Pregnancy or childbirth-related complications
  • HIV/AIDS or STDs
  • Pre-existing diseases
  • War or nuclear perils
ICICI Lombard Group Personal Accident Policy
  • Sum insured as per earning capacity of the member
  • Group discount on premium
  • Option to choose accidental hospitalisation expenses and daily hospital allowance
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Transportation of mortal remains
  • Children’s education grant
  • Suicide or self-inflicted injury
  • Venereal diseases
  • War, civil unrest or invasion
  • Nuclear weapon or radiations
  • Pregnancy and related complications
  • Accidents under the influence of drugs or alcohol
  • Mental disorders
  • Intentional criminal violation of law
IFFCO Tokio Group Personal Accident Insurance
  • Available for corporates, associations, clubs, institutions
  • Round the clock coverage
  • Group discount on premium
  • Discount on online purchase
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Transportation of mortal remains
  • Education fund benefit
  • Ambulance charges
  • Intentional self-injury or suicide
  • Mental disorder or venereal diseases
  • Accidents due to use/ abuse of drugs or alcohol
  • Pregnancy or childbirth-related complications
  • Intentional contempt of law
  • Nuclear perils
  • Participation in defence operations
Kotak Group Accident Protect
  • Policy for companies, corporates
  • Children’s education grant benefit
  • Option to choose for funeral expenses, widowhood cover
  • Marriage expenses for children
 
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Accidental hospitalization
  • Compassionate visit
  • Modification of house/ vehicle
  • Ambulance charges
  • Burns or broken bone benefit
  • Pregnancy and childbirth-related complications
  • Participation in defence operations
  • War or nuclear perils
  • Accidents due to use of drugs or alcohol
  • Intentional self-inflicted injury, attempted suicide or suicide
  • Venereal disease or mental disorder
  • Participation in adventure sports
  • Intentional breach of law
Liberty Group Personal Accident Policy
  • Flexible sum insured options
  • Lifelong renewal
  • Option to choose accidental medical expenses, transportation cost and child education support available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Pregnancy or childbirth-related complications
  • Intentional self-injury, suicide attempt or suicide
  • Pre-existing diseases
  • Accidents due to the influence of drugs or alcohol
  • Venereal disease, mental disorder or AIDS
  • Intentional criminal violation of law
  • Participation in adventure sports
  • War or nuclear perils
ManipalCigna Group Personal Accident
  • Sum insured for up to Rs. 25 crore
  • Policy term of one year
  • Option to include critical illness cover
  • Add-on covers including broken bones, burns, funeral expenses, education fund and accidental hospitalization benefit
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
 
  • Pre-existing diseases
  • War, foreign invasion or nuclear perils
  • Self-inflicted injury or suicide
  • STDs or HIV/ AIDS
  • Accidents due to use/ abuse of drugs or alcohol
  • Pregnancy-related complications
  • Violation of law
  • Participation in adventure sports or hazardous activities
New India Group Personal Accident Policy
  • Worldwide coverage
  • 24 hours cover offered
  • Group discounts available
  • War-risk cover for Indians posted abroad
  • Add-on covers on accidental medical expenses available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Transportation of mortal remains
  • Injury or death due to any pre-existing diseases or illnesses
  • War or war-like situations
Navi Group Personal Accident Insurance Policy
  • Fracture, burns, physiotherapy benefit available
  • Option to choose adventure sports cover
  • Accidental death
  • Accidental permanent total/ partial disability
  • Accidental temporary total disability
  • Accidental death (public transport)
  • Child tuition and orphan benefit
  • Repatriation of mortal remains
  • Funeral expenses
  • Accidental medical expenses
  • Daily hospital cash
  • Mobility aids allowance
  • Loss of job
  • Emergency evacuation
  • War or nuclear perils
  • Pre-existing diseases
  • Accidents due to the influence of drugs or alcohol
  • Intentional self-injury, suicide attempt or suicide
  • Participation in professional sports
  • External congenital anomalies
  • Participation in riots or civil commotion
  • Non-medical expenses
Oriental Group Personal Accident Policy
  • Group discounts available
  • Option to choose for on-duty cover only
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Loss of employment
  • Temporary total disability
  • Transportation of mortal remains
  • Funeral expenses
  • Accidental medical expenses
  • Intentional self-injury, attempted suicide or suicide
  • War or nuclear perils
  • Pregnancy or childbirth-related complications
  • Accidents due to the influence of drugs or alcohol
  • Venereal disease or mental disorder
  • Intentional criminal violation of law
Raheja Group Personal Accident Insurance
  • Policy renewals up to 70 years
  • Add- on covers for Medical expenses extension and hospital confinement allowance available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Transportation of mortal remains
  • Ambulance charges
  • Cost of damaged clothing
  • Loss of employment
  • Education fund
  • Intentional self-injury or suicide
  • Participation in adventure sports
  • Venereal diseases or mental disorder
  • On duty with the armed forces
  • Accidents due to the influence of drugs or alcohol
  • War or nuclear perils
  • Intentional criminal violation of law
  • Pregnancy and childbirth-related complications
Reliance Personal Accident Policy
  • Worldwide cover
  • Medical extension available
  • Opt for on-duty or off-duty cover
  • Option to choose repatriation of mortal remains cover
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
 
  • Suicide or attempted suicide
  • War or nuclear perils
  • Pregnancy or childbirth-related expenses
  • Ionizing radioactivity or radiation
Religare Group Secure
  • Option to improve permanent total disability benefit
  • Children’s education benefit
  • Dedicated relationship manager
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Fracture bones benefit
  • Accidental hospitalization
  • Repatriation of mortal remains
  • Pre-existing diseases
  • Intentional self-injury, attempted suicide or suicide
  • Accidents under the influence of drugs or alcohol
  • War or nuclear perils
  • Participation in professional sports
  • HIV or AIDS or venereal disease
  • Pregnancy-related complications
Royal Sundaram Group Accident Insurance
  • Worldwide cover
  • 24x7 coverage available
  • Availability of medical expenses extension
  • Option to choose a higher cover limit for temporary total disability
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Accidental hospitalization expenses
  • Intentional self-injury or attempted suicide or suicide
  • Accident due to the influence of drugs or alcohol
  • Participation in criminal activities
  • Pregnancy or childbirth-related complications
SBI Group Personal Accident
  • Sum insured ranging from Rs. 2 lakh to Rs. 20 lakh
  • No waiting period
  • Add-on cover including accidental hospitalization, hospital allowance, child education support and ambulance cover
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Self-inflicted injury or suicide
  • Participation in defence operations
  • HIV or AIDS
  • Accidents due to the influence of drugs or alcohol
  • War or nuclear perils
Shri Group Personal Accident Insurance
  • 3 plan variants available – basic, basic plus and advance plan
  • Option to choose accidental hospitalization expenses and modification of house & vehicle cove0072
  • Accidental death & disappearance
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Children’s education benefit
  • Transportation of mortal remains
  • Intentional self-injury, suicide or suicide attempt
  • Intentional criminal violation of law
  • Accidents due to the influence of drugs or alcohol
  • Pre-existing diseases
  • Pregnancy-related complications
  • Venereal diseases, HIV AIDS or STDs
Star Group Accident Insurance Policy
  • Global coverage
  • Enhanced weekly compensation
  • Cumulative bonus
  • Add-on covers such as accidental hospitalization expenses, educational benefit and funeral expenses available
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Pre-existing diseases
  • Intentional breach of law
  • Mental disorder
  • Accidents due to the influence of drugs or alcohol
  • Intentional self-injury, attempted suicide or suicide
  • STDs, HIV AIDS or venereal diseases
  • War, civil unrest or nuclear perils
  • Participation in hazardous sports
Tata AIG Group Multiguard Personal Accident
  • Cashless hospitalization available
  • Natural disaster cover available
  • Option to choose for 24-hour coverage and common carrier
 
  • Accidental death
  • Permanent total disability
  • Emergency accident medical expenses
  • Accidental hospitalization
  • Repatriation benefit
 
  • Intentional self-injury, suicide or attempted suicide
  • STDs
  • Mental disorder
  • Accidents due to the influence of drugs or alcohol
  • Intentional violation of law
  • War or nuclear perils
  • Participation in winter/ professional sports or hazardous activities
United India Group Personal Accident Policy
  • Covers employees of an organisation, company or club
  • Offers on-duty and off-duty cover
  • Accidental injury
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Intentional self-injury, attempted suicide or suicide
  • Accidents due to the influence of alcohol
  • War or nuclear perils
  • Pre-existing diseases
Universal Sompo Group Accident
  • 3 types of plan variants
  • Covers employees as well as their families
  • Add on covers for medical expenses extension and hospital allowance
  • Accidental death
  • Permanent total disability
  • Permanent partial disability
  • Temporary total disability
  • Transportation cost
  • Ambulance charges
  • Education fund
  • Intentional self-injury or suicide
  • Accidents due to drugs or liquor
  • Venereal diseases or mental disorder
  • Pregnancy or childbirth-related complications
  • Participation in adventure sports
  • War or nuclear perils
  • Intentional breach of law
  • Intentional breach of law
See More Plans

*Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Key Features of Group Accidental Insurance Policy

  • An accidental insurance policy for employees can be given to clubs, corporates, associations, institutions, and firms.
  • Some plans also provide an educational fund for dependent children of the insured in case of his/her permanent disablement or death.
  • Generally, the tenure of these policies is one year from the start date of the policy.
  • Most of the insurance providers offer a discount based on the size of the group.
  • Agroup accidental insurance policy can be renewed by following the same steps as forany other ordinary policy.

Benefits of Group Accident Insurance Policy

The common benefits that most of the accidental insurance policies for employees offer are:

  • Accidental Death: The insurance provider pays the sum insured in case of accidental death of the insured to his/her nominee(s).
  • Permanent Partial Disability:If the employee has become partially disabled due to some injury, then sum assured ranging from 2% to 60% depending upon the policy term is paid by the employer to employee. However, the disability must be continued for 12 months.
  • Permanent Total Disability:If the employee of the insured meets with an accident that has caused permanent disability and that is continued for one month, then the compensation is given to the employee. This compensation can be up to the sum assured.
  • Educational Benefits:The insurance company pays for the cost of the education of the children in case of permanent disability or unfortunate death of the employee.
  • Charges of the Ambulance: The insurance company pays for the ambulance charges if the employee has met with an accident is required to be taken to the hospital by ambulance.
  • Weekly Benefits: If an employee is completely disabled due to an accident, then the insurance company pays weekly compensation for a temporary period.
  • Transportation of Mortal Remains: Most of the plans reimburse the cost incurred in transporting the mortal remains from the site of the accident to residence, hospital, or cremation ground.
  • Medical Reimbursement: The accidental insurance policies for employees reimburse hospitalization charges and medical expenses incurred due to accident or injury.
  • Broken Bones: The policy pays for the lump sum amount to the employee in case of damage of bones incurred due to injury or accident. 

What Does Group Personal Accident Insurance Cover?

The group accident insurance policy offers the following coverage:

  • Accident Death: If the insured succumbs to death after an accident, the insurer will pay the principal amount
  • Permanent partial/total disability: If the injury causes a partial/permanent disability to the insured which continues for a year, the insurer will pay compensation up to the sum assured.
  • Weekly Benefit: The insured is entitled to get a weekly compensation if they are fully disabled for a temporary period due to an accident.
  • Ambulance Charges: If the policyholder meets with an accident and is taken to a hospital, the policy offers reimbursement of ambulance charges.
  • Mortal remains transportation: The policy reimburses the cost incurred in moving the mortal remains from the accident site to hospital, residence or cremation ground.
  • Broken bones: A lump sum amount is paid for broken bones resulting from an accident. The policy clearly states which broken bones will be covered under the plan.

What it doesn't cover?

Usually, group personal accident insurance doesn't offer coverage in the following cases:

  • Natural death
  • Injury caused while under the influence of drugs or alcohol
  • Violation of law
  • War and nuclear perils
  • Pregnancy or childbirth
  • Ionizing radiation or radioactivity

How to Claim for Group Personal Accident Insurance?

Follow the below steps to file the claim for Group Personal Accident Insurance:

Claim Intimation:

  • Intimate the insurance provider about the accident either by call or by email.
  • The insurance company registers the claim after receiving the intimation.
  • After registering the claim, the insurance company sends the claim form to the insured with a checklist of all the required documents.

Claim Processing:

  • If the received claim documents are incomplete, the policyholder is intimated via SMS, email, call, or any other mean.
  • Upon receiving all the required documents, the claim is processed as per the policy’s merit.

Claim Settlement:

  • After receiving all the relevant documents with a duly filled claim form, the claim is processed and the cheque is prepared and sent to the concerned insured.
  • On rejection of the claim, a rejection letter is sent to the insured/ concerned point of contact/ beneficiary/ HR of the organization by the claim settlement team.

Documents Required for Group Personal Accident Policy

We can segregate this section in two parts

Documents Required for Death Claim

The following documents are required in case of personal accident death claim:

  • Claim Form
  • Police Panchanama or Police FIR
  • Coroner’s Report or Post-mortem report
  • Death Certificate
  • When the payment is given to the beneficiary -notarized affidavit or succession certificate certifying the legal inheritor status.
  • Salary slip, and
  • A letter from the HR of the organization

Documents Required for Disablement Claim

The following documents are required in case of personal accident disablement claim:

  • Claim Form
  • Police FIR in case the accident is reported to the police.
  • Pathology reports, medical papers, X-ray reports, etc. as required.
  • In case of permanent disability claims -the disability certificate given by the reputed surgeon or government/municipality office.
  • In case of permanent total disability claims - sick leave certificate provided by the employer.
  • The statement given by the attending physician.

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Group Personal Accident Insurance- FAQs

Written By: PolicyBazaar - Updated: 12 October 2020