GROUP PERSONAL ACCIDENT (GPA)

WHAT IS (GPA)

It is an insurance policy that is issued to a group of people by an institution or organization. It provides comprehensive financial protection against hefty expenses incurred due to disablement or death resulting from accidental injury. The product is available for both the employees and board or owner of a company.The broad spectrum of benefits offered by Group Personal Accident plans play a very important role in any salaried individual’s life.

IMPORTANCE OF GPA

GPA understands that employees are the most important asset of any organization and therefore it offers protection against several types of unfortunate events that can cause death or permanent disablement to the insured. It is a basic responsibility of any business organization to protect its employers against any unfortunate events.

WHAT DOES GPA COVER?

• Accidental death
• Permanent total disablement and disabling injuries
• Total or temporary partial disablement
• Loss of limbs or eyes
• Broken bones
• Facial disfigurement including burns and scarring to the face
• Dental injuries
• Physio, rehab and counselling support

BENEFITS OF GPA

• GPA is important because it fulfils the basic responsibility of any business organization
• It understands the importance of employees for any organization and therefore protects them from various unfortunate events that can cause death or permanent disablement to the insured.
• It assures quick claim settlement.
• It helps employers to avoid the burden of liability by paying the claim to the policyholder or his/her nominee.
• It is great for the reputation of an organization as it gives satisfaction to the workers that the employer is concerned about them and is doing its bit to protect them.