Workmen compensation/ Employees compensation policy covers legal liability under the Workmen Compensation/ Employees Compensation Act 1923 with subsequent amendments, Fatal Accident Act 1855 and Common Law. This policy shall also provide additional coverage for medical expenditure, occupational disease, compressed air disease and terrorism, subject to collection of additional premium.

Policy is required by all manufacturing/trading/servicing setups for all floor workers and office staff as well. Most of the contractors’/Sub contractors stands benefited by this policy. Policy can be taken by Individual/Public or Private companies/ Partnership firms or by any of business/Trading entity operating in the Country.

Policy provides coverage against unforeseeable events such as disabilities due to workplace injuries, occupational ailments in course of employment, medical treatment for injuries and accidental death during the course of employment.

Basic covers include Accidental death, Permanent total or Partial Disability and Temporary total disability. Add on covers include Medical Extension, Compressed Air Disease, Occupational Disease, Terrorism and Sub Contractor Coverage.

The essential part of an organization is human beings. As a part of HR policy, many organizations take a Group Personal Accident Insurance cover to seek protection to their employees.

Nowadays accidents are a matter of common occurrence and can cause Death or Disablement. An Insurance coverage would be essentially required to provide protection to the members of an organization. A Group Personal Accident Policy is an ideal solution for this.

The policy has been designed to provide compensation in the event of the insured person sustaining injuries, solely and directly from an Accident Caused by Violent, Visible and External means, resulting into

1. Death
2. Permanent Total Disablement (PTD)
3. Permanent Partial Disablement (PPD)
4. Temporary Total Disablement (TTD)
5. Medical Expenses Cover (OPD & IPD)

The coverage is Worldwide.

The policy provides for payment of specified amount (benefit) on happening of specified contingency due to the accident. An Accident may include events like:

• Rail, Road, Air Accident
• Injury due to any collision / fall
• Injury due to bursting of gas cylinder
• Snake bite, Frost bite
• Burn injury, Drowning, Poisoning, etc.

This is only an illustrative list, not an exhaustive list.

The proposer can either opt for a basic cover for Death only for which the premium is minimum or one can take an upgraded cover to include Permanent Total Disablement / Permanent Partial Disablement / Temporary Total Disablement/ Medical Expenses Cover.

We can even customize the product by incorporating coverage for Loan Protection, Child Education Support, etc.

The essential part of an organization is human beings. As a part of HR policy, many organizations take a Group Health Insurance cover to seek protection to their employees.

The policy is meant to cover Hospitalization Expenses incurred by the members of an organization in case they happen to suffer from a disease or sustain an accidental injury, the following Hospitalization expenses will be paid under following heads:

1. Room, Boarding and Nursing Expense.
2. Medical Practitioner/ Anesthetist, Consultant fees, fees of surgeon
3. Expenses on Anesthesia, Blood, Oxygen, Operation Theatre, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and X-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs, Cost of Organ and similar expenses
4. Expenses on Vitamins and Tonics only if forming part of treatment as certified by the attending Medical Practitioner.
5. The relevant expenses incurred for Domiciliary Hospitalisation
6. An additional Daily Allowance for the duration of Hospitalisation towards defraying of miscellaneous expenses.
7. Ambulance charges in connection with any admissible claim limited
8. Admissible day care treatment (less than 24 hrs hospitalization), pre and post hospitalization
9. Cost of Health Check up – Reimbursement of cost of medical check-up once at the end of a block of every four continuous claim free policy years, subject to maximum of 1% of the average sum insured during the period
10. Other admissible expenses.

This policy will trigger when there is minimum 24 hours hospitalisation.

The hospital where treatment is taken should have minimum 15 beds.

The policy holder can avail cashless facility for the treatment taken or he may go for reimbursement of expenses incurred.

The basic cover can be enhanced by opting for Add-on covers by paying an extra premium and such Add-on covers are as below:

• Waiver for Pre-existing diseases.
• Waiver for first 30 days exclusion.
• Waiver for first year / first two years / first four years exclusion.
• Maternity Benefits and New Born Baby cover from day one.
• Corporate Buffer.

This policy is a very good tool to for an organization to ensure that their employees are fully covered to meet any sort of medical emergency.

Contractors All Risk (CAR) policy is a comprehensive insurance solution designed to covers a broad spectrum of risks to which a civil construction project is exposed to from arrival of construction material at site till the completion of project.

This policy is especially designed keeping in mind contractors, consulting engineers, architects and financiers and insurers against unforeseen accidents.

Scope of cover

RESIDENTIAL

• Houses/Apartments/Township, Cottages/Guest Houses

COMMERCIAL

• Office Buildings, Multiplexes/Theaters, Hotels/Shopping centers/Malls, Sports Complexes

INSTITUTIONAL

• Educational Institutes, Hospitals/Health care facilities, Research Institutes, Religious Buildings

BASIC COVERS

• Fire/Explosion/Impact Damage/Collapse.
• Storm/Tempest/Flood Inundation/Subsidence and Landslide.
• Riot/Strike/Malicious Damage/Burglary/Theft.
• Electrical/Mechanical Breakdown

ADD ON COVERS

• Owners’ Surrounding Property
• Removal of Debris
• Earthquake/Terrorism
• Escalation
• Design Defect Cover
• Breakage of Glass
• Additional Customs Duty
• Air-Freight
• Express freight, Overtime charges, Holiday wages etc.
• Contractors’ Plant & Machinery (upto 5% of CAR SI or Rs 25 lakhs whichever is lower)
• Third Party Liability
• Free Issue of Materials issued by Principal.
• Construction equipment like scaffolding, shuttering materials
• Maintenance Visit or Extended Maintenance
• Cover for insured contract works taken over or put into service.

Please Note:

• Extension Rates available on per month basis.
• Installment Facility available for projects with period more than 12 months.
• Premium Refund Benefit for:
  • Abandonment
  • Double Insurance
  • Early Completion of Project.
• Option to avail of policy even after the commencement of the project.

SIGNIFICANT EXCLUSIONS

• Cessation of work whether total or partial.
• Defective Material and/or Workmanship.
• Wear and Tear.
• Inventory Losses
• Faulty Design
• War and Related Perils
• Nuclear reaction, Nuclear radiation or radio active contamination.
• Willful act or willful Negligence of the Insured.
• Consequential Losses