Accidents can happen at any time. They can happen at work, or outside of it. Group personal accident insurance gives your team financial protection if an accident causes injury or death. It is a simple, affordable way to support your workforce with a reliable employee accident insurance plan.
Our IRDAI licensed advisors at Excel India IMF help employers across India set up group personal accident, or GPA insurance, cover for their teams.
Compare corporate accident policies tailored to your workforce size
Group personal accident insurance is a policy that pays a benefit if an employee is injured or dies due to an accident. It covers the whole team under one policy with a streamlined group accident policy structure. Compensation amounts depend on the type and degree of disability, as set out in the policy terms.
Policy Note: Compensation amounts depend on the type and degree of disability, as defined in the specific policy. Please confirm exact terms with your insurer.
GPA insurance covers four main types of outcomes from an accident, providing direct financial compensation to employees or their nominated families.
If an employee dies as a result of an accident, the policy pays a benefit to their nominee. This is usually the full sum insured.
If an accident leaves an employee permanently unable to work at all, the policy pays a benefit. This is usually the full sum insured, based on policy terms.
If an accident causes a permanent loss of a body part or function, but the person can still work in some way, the policy pays a percentage of the sum insured. The percentage depends on what was lost.
If an accident stops an employee from working for a period of time, the policy can pay a weekly amount. This continues until the person recovers, up to a set limit.
Any employer can benefit from offering GPA cover. It is especially useful for teams with higher physical risk, such as field staff, factory workers, or delivery teams. It is also a low cost way to add a meaningful benefit for office based teams.
For legally mandated industrial worker safety on shop floors, explore statutory Workmen Compensation Insurance alongside your corporate policies.
GPA insurance and group health insurance cover different things. Employee Group Health Insurance pays for medical treatment costs, such as hospital bills.
GPA insurance pays a fixed benefit if an accident causes death or disability, regardless of the actual medical cost. Many employers offer both, since they cover different risks. To provide complete life cover for natural and accidental causes, consider adding Group Term Life Insurance.
Specialized corporate employee benefits and liability advisory across India
Excel India IMF is IRDAI licensed. We help employers set up GPA cover that fits their team's risk level and budget. We explain payout structures clearly, so there is no confusion about what is covered. We also assist HR teams with comprehensive Corporate Insurance solutions to protect overall operational risks.
Answers regarding GPA definitions, comparisons with health insurance, off-duty coverage, and calculations
Get a GPA insurance quote for your team. Call 90 90 92 15 15 to speak with an advisor. Secure your group PA policy with transparent terms today.
Compensation amounts depend on the type and degree of disability.