Group Personal Accident Policy for Corporates in India
A Group Personal Accident Policy provides financial protection to corporate employees against accidental death, disability, or injury, ensuring family and income security. It is issued as a single master policy covering an entire employee group under individual Sum Insured per member.
Benefits to Employer (Corporate)
✅ Employee Protection = Employer Shield
By securing employees against accidents, companies ensure workforce wellbeing, which boosts productivity, loyalty, and retention.
✅ Financial Support Without Employer Liability
GPA transfers the accident compensation burden to the insurer, protecting the employer from unexpected, high lump-sum payouts.
✅ Covers Employees 24x7
Unlike health policies, GPA offers round-the-clock global coverage, including on duty, off duty, and travel.
✅ Tax Advantage
Premium paid by the employer for employee benefit is considered a business expense, offering potential tax benefit.
✅ Value-Added HR Benefit at Low Cost
GPA acts as a powerful employee welfare tool that strengthens employer branding without high premium outflow, especially for large teams.
✅ Support During Fatal Incidents
Includes mortal remains transportation or funeral assistance (if opted), ensuring compassionate corporate support.
🔹 Employer’s Gain in One Line:
You protect your people, while the policy protects your business.
By securing employees against accidents, companies ensure workforce wellbeing, which boosts productivity, loyalty, and retention.
✅ Financial Support Without Employer Liability
GPA transfers the accident compensation burden to the insurer, protecting the employer from unexpected, high lump-sum payouts.
✅ Covers Employees 24x7
Unlike health policies, GPA offers round-the-clock global coverage, including on duty, off duty, and travel.
✅ Tax Advantage
Premium paid by the employer for employee benefit is considered a business expense, offering potential tax benefit.
✅ Value-Added HR Benefit at Low Cost
GPA acts as a powerful employee welfare tool that strengthens employer branding without high premium outflow, especially for large teams.
✅ Support During Fatal Incidents
Includes mortal remains transportation or funeral assistance (if opted), ensuring compassionate corporate support.
🔹 Employer’s Gain in One Line:
You protect your people, while the policy protects your business.
✅ Employee Protection = Employer Shield
By securing employees against accidents, companies ensure workforce wellbeing, which boosts productivity, loyalty, and retention.
✅ Financial Support Without Employer Liability
GPA transfers the accident compensation burden to the insurer, protecting the employer from unexpected, high lump-sum payouts.
✅ Covers Employees 24x7
Unlike health policies, GPA offers round-the-clock global coverage, including on duty, off duty, and travel.
✅ Tax Advantage
Premium paid by the employer for employee benefit is considered a business expense, offering potential tax benefit.
✅ Value-Added HR Benefit at Low Cost
GPA acts as a powerful employee welfare tool that strengthens employer branding without high premium outflow, especially for large teams.
✅ Support During Fatal Incidents
Includes mortal remains transportation or funeral assistance (if opted), ensuring compassionate corporate support.
🔹 Employer’s Gain in One Line:
You protect your people, while the policy protects your business.
By securing employees against accidents, companies ensure workforce wellbeing, which boosts productivity, loyalty, and retention.
✅ Financial Support Without Employer Liability
GPA transfers the accident compensation burden to the insurer, protecting the employer from unexpected, high lump-sum payouts.
✅ Covers Employees 24x7
Unlike health policies, GPA offers round-the-clock global coverage, including on duty, off duty, and travel.
✅ Tax Advantage
Premium paid by the employer for employee benefit is considered a business expense, offering potential tax benefit.
✅ Value-Added HR Benefit at Low Cost
GPA acts as a powerful employee welfare tool that strengthens employer branding without high premium outflow, especially for large teams.
✅ Support During Fatal Incidents
Includes mortal remains transportation or funeral assistance (if opted), ensuring compassionate corporate support.
🔹 Employer’s Gain in One Line:
You protect your people, while the policy protects your business.
Key Coverages for Employees
🔹 Accidental Death — 100% Sum Insured payout to nominee in case of demise due to accident
🔹 Permanent Total Disability (PTD) — Up to 100% payout for irreversible, lifelong disability
🔹 Permanent Partial Disability (PPD) — Percentage-based payout depending on the injury scale
🔹 Temporary Total Disability (TTD) — Weekly income support during temporary work loss
🔹 Optional Benefits: Hospital Cash | Fracture/Burns payout | Ambulance Charges | Medical Expense add-on
💼 Overall Impact:
A Group Personal Accident Policy ensures your employees are financially secure, and your organisation is financially protected.
It also works as a strategic advantage for employers by reducing liability, improving morale, and offering a meaningful welfare benefit.
📌 Insurance Mart helps corporates design the right Group PA solutions, ensuring complete protection for employees and peace of mind for employers.
