Group Personal Accident Insurance provides protection for a group (e.g., employees) against accidental death, disability and related medical expenses. Similar to individual personal accident cover but designed for groups and organizations.
What's included
Key highlights
- Group cover for employees
- Covers accidental death & disability
- Annual policy with affordable premiums
Features
- Covers group members (eg. employees)
- Accidental death cover
- Permanent total and partial disability cover
- Temporary total disablement (loss of income) benefit
- Accidental medical expense cover (where applicable)
- Cost-effective annual group rates for organizations
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
Who can buy Group Personal Accident Insurance?
The entry age for Group Personal Accident Insurance is 18 – 65 years.
How long does Group Personal Accident Insurance run?
The policy term for Group Personal Accident Insurance is Annual (1 year).
Which riders can be added to Group Personal Accident Insurance?
Group Personal Accident Insurance can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request