Group Personal Accident

The amount of coverage will depend on the limits chosen, however, typically, the policy will cover the following:

• Medical Expenses resulting from accident.
• Accidental death and dismemberment or accidents resulting in loss of life, limbs, or eyesight.
• Total Permanent Dismemberment or disability that prevents the insured from working after 12 months.

Employees are the most important asset of a company. Thus, a fundamental aspect of businesses is to be responsible and provide protection for employees against any unforeseen events.

Any company that is constantly searching for ways to safeguard their employees against certain risks that can cause death or permanent disablement will find group personal accident insurance exceptionally useful. Essentially, any company that care about the well-being of their staff should strongly consider group personal accident insurance. 

Generally, the premium is relatively economical. However, below are the factors that can influence the cost of a group personal accident insurance.

• Claims history
• Head count
• Work industry
• Plan limits