Protect Your Employees With Group Personal Accident Insurance!

As an employer, the well-being of your employees is your top priority. With Group Personal Accident Insurance, you can take care of your employees and protect them if they suffer serious accidents.

This insurance type provides a lump sum payout for accidental injuries or death, and also pays for medical expenses.

It's become very common for business owners to offer good benefits, beyond salary raises, as a strong employment incentive especially now as retaining and hiring employees becomes more competitive. It’s also a fantastic method to keep your employees safe, protecting your staff and their families from huge medical bills.

What does Group Personal Accident Insurance cover?

• Loss of Body Parts/Body Functions: Pays a lump sum cash benefit for loss of arms, hands, fingers, legs, toes, sight, hearing, and more.

• Total Permanent Disability: Pays a lump sum cash benefit for permanent inability to work. Some insurers may have alternative definitions of this condition, like loss of a minimum number of specific body parts/functions.

• Accidental Death: Pays a lump sum cash benefit.

These coverage features are offered in various combinations, depending on the insurer:

• Medical Expenses/Hospital Cash: Pays for medical fees (up to a specified amount). Pays a daily hospitalisation benefit.

• Temporary Disability (Partial/Total): Pays a daily/weekly cash benefit while temporarily disabled and unable to work.

• Family Cover: Automatically covers employee’s child & spouse.

• Reservist: Covers employees performing reservist duty.

Do I need Group Personal Accident Insurance? This insurance type is advisable and recommended if:

• You want to offer attractive benefits to retain your employees and attract new hires.

• You want to help your employees get back to work quickly. Cash payouts will greatly help your workers with medical expenses.

• You want to make sure your employees and their families are well looked after in case of unfortunate accidents.

What does Group Personal Accident Insurance not cover?

• Individuals over 65-75 (depends on the policy)

• Suicide

• Pre-existing physical or mental defect or infirmity

• Illness, diseases, infections, AIDS, HIV, and HIV-related illnesses

• Childbirth, miscarriage, pregnancy or any other complications thereof

• Injuries or death from criminal acts

• Professional and/or hazardous sports activities of any kind

• Pilots or cabin crew, unless they’re travelling as fare paying passengers

• Radioactive and nuclear weapon material accidents

What's the difference between Group Personal Accident Insurance VS WICA Insurance? Legal necessity: Group Personal Accident Insurance is a non-legally compulsory type of insurance. It’s a good-to-have benefit that you can provide to your employees. On the other hand, WICA Insurance is legally compulsory.

Types of injuries: Group Personal Accident Insurance covers non-work-related injuries, while WICA Insurance pays for work-related injuries only.

Coverage breadth: Group Personal Accident Insurance is mainly for lump sum compensation in the event of disablement, paralysis, or death. It’s most useful as a lump sum benefit if a worker becomes disabled, and finds it difficult or even impossible to find employment. The insurance payout is thus critical to cover medical expenses and other costs of living when the employee is unable to support themselves.

Insure your employees against accidental injuries with medical reimbursement and lump sum payout for accidental death and disablement. Group personal accident insurance is written on an annual basis, minimum headcount of 2 employees required. Contact us today to get started with a quick quote!