Bajaj Allianz Workers Compensation Insurance

Bajaj Allianz Workmen Compensation Insurance protects employers by covering their legal liabilities for workplace injuries, illnesses, or accidents affecting employees. In the event of a work-related injury or disability, the policy provides compensation in accordance with applicable labor laws. It helps employers manage medical costs, disability payouts, and death benefits, ensuring financial protection while prioritising employee welfare.

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Covers Death & Disability

Covers Injury due to Accident

Covers Legal Expenses

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Covers Death & Disability

Covers Injury due to Accident

Covers Legal Expenses

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Inclusions Under Bajaj Allianz Workers Compensation Insurance

Bodily injuries resulting from accidents that occur while performing job-related duties.

Bodily injuries caused by occupational diseases or work-related health conditions.

Permanent or temporary disabilities, whether partial or total.

Death resulting from a work-related incident.

Legal expenses incurred with the insurer's approval.

Bajaj Allianz Workers Compensation Insurance Add-ons

The add-ons under the Bajaj Allianz WC policy are as follows:

Medical Expenses Provides coverage for medical costs resulting from workplace accidents, if selected.

Occupational Diseases Offers compensation for illnesses caused by work conditions, subject to policy selection.

Note: Additional benefits are also available based on policy terms and chosen coverage options.

Bajaj Allianz Workers Compensation Insurance: Exclusions

The exclusions under the Bajaj Allianz Workers Compensation Insurance are as follows:

a) Injuries caused to an employee due to war, invasion, civil war, rebellion, nuclear material, or radiation exposure.
b) Accidents occurring outside the specified workplace unless the employee was on duty and acting under the employer’s instructions.
c) Occupational diseases contracted by the employee.
d) Interest or penalties imposed on the employer under any law.
e) Medical expenses for treating employee injuries unless covered by law.
f) Injuries to workers employed by a contractor or subcontractor unless specifically included in the policy.
g) Injuries to individuals not declared for coverage under this policy.
h) Liability assumed under an agreement that wouldn’t apply otherwise.
i) Claims that the employer could have recovered from another party if not for an agreement between them.
j) Accidents occurring while the employee was under the influence of alcohol or drugs.
k) Injuries or death resulting from the employee's deliberate self-harm or intentional worsening of an injury.

Bajaj Allianz Workmen Compensation Insurance: FAQs

1. What is Bajaj Allianz Workmen Compensation Insurance?

Ans: Bajaj Allianz Workmen Compensation Insurance is an insurance policy designed to help employers meet their legal obligations by providing financial compensation for workplace injuries, illnesses, or accidents affecting employees.

2. Who should opt for this insurance?

Ans: Businesses with employees, especially those in construction, manufacturing, and logistics, should consider this policy to ensure compliance with labour laws and protect their workforce.

3. What does the policy cover?

Ans: The policy provides coverage for:

Medical expenses due to workplace injuries
Compensation for work-related injuries, disabilities, or fatalities
Coverage for occupational diseases resulting from job-related conditions
Legal liabilities arising from workplace accidents

4. Are all employees covered under this policy?

Ans: Coverage applies as per the policy terms. Generally, it includes workers engaged in manual or high-risk jobs, with options to extend coverage to other employees if required.

5. Is compensation provided for occupational diseases?

Ans: Yes, the policy offers compensation for illnesses directly related to the nature of the employee's work.

6. How is the compensation amount determined?

Ans: The amount is calculated based on factors such as the employee's salary, the severity of the injury or disability, and the applicable labour laws.

7. What is the process for filing a claim?

Ans: The employer needs to notify the insurer immediately, complete a claim form, submit the necessary documents, and cooperate with the claim assessment process.