We are now also available at Imperial square , The Mall Road Kanpur.
We are now also available at Imperial square , The Mall Road Kanpur.
In today's fast-paced world, ensuring your team's safety and financial security is crucial.
Group Personal Accident Insurance provides a proactive solution for employers and people leaders, offering financial support in the face of unforeseen accidents, safeguarding both work and life.
Group Personal Accident (GPA) insurance is essential because it provides financial protection to employees or members of an organisation in case of accidental injuries, disability, or death. Accidents can happen anytime, and such coverage ensures that individuals and their families are financially secure during unexpected situations.
Key reasons why GPA insurance is necessary:
✅ Financial Security: Offers compensation for accidental death, permanent disability, and medical expenses.
✅ Employee Welfare & Motivation: Enhances job security and shows the employer’s commitment to employee well-being.
✅ Low-Cost, High Benefit: More affordable than individual accident policies while providing comprehensive coverage.
✅ Covers Work & Non-Work Hours: Protection is not limited to office hours, covering accidents anywhere, anytime.
✅ Mandatory for Some Sectors: Many industries, such as construction and logistics, require GPA insurance to comply with safety regulations.
Having a Group Personal Accident policy ensures peace of mind for both employers and employees, reducing financial stress during critical times.
✅ Accidental Death: Provides a lump sum compensation to the nominee if the insured person dies due to an accident.
✅ Permanent Total Disability (PTD): If an accident results in total disability (e.g., loss of both limbs, eyesight, or paralysis), a lump sum payout is provided.
✅ Permanent Partial Disability (PPD): Compensation is given for partial disabilities such as loss of a finger, eyesight in one eye, or partial hearing loss. The payout is based on the severity of the disability.
✅ Temporary Total Disability (TTD): If an accident causes temporary disability, such as a fracture preventing work for weeks or months, the policy provides a weekly income replacement for a specified period.
✅ Medical Expenses Coverage: Covers hospitalization, doctor fees, surgery, and treatment costs arising from an accident. Some policies also cover OPD expenses.
✅ Ambulance Charges: Reimbursement of ambulance expenses incurred while transporting the insured to a hospital after an accident.
✅ Education Benefit for Dependent Children: In case of accidental death or total disability, some policies offer financial support for the insured’s children’s education.
✅ Repatriation of Mortal Remains: Covers the cost of transporting the deceased’s body to their residence in case of accidental death.
Additional riders or add-ons can enhance coverage, including coverage for burns, broken bones, or rehabilitation expenses.
The exact benefits depend on the policy terms and insurer.
Group Personal Accident (GPA) insurance is beneficial for all companies, especially those where employees face workplace risks. Here’s a breakdown of companies that should consider GPA coverage:
🔹 Construction & Infrastructure – Workers face risks like falls, machinery accidents, and site hazards.
🔹 Manufacturing & Factories – Exposure to heavy machinery, chemicals, and industrial equipment.
🔹 Logistics & Transportation – Drivers, delivery personnel, and warehouse staff are prone to road and handling accidents.
🔹 Mining & Oil/Gas Industries – High-risk environments with potential for explosions, collapses, and hazardous material exposure.
🔹 IT & Corporate Firms – While office work is low-risk, accidents outside work (e.g., commuting) can be covered.
🔹 Banking & Financial Services – Ensures employee security, particularly for field agents and executives.
🔹 Retail & E-commerce – Covers warehouse workers, delivery agents, and in-store employees.
🔹 Startups with a growing workforce can provide GPA as a cost-effective employee benefit, boosting morale and retention.
🔹 Many government projects and public sector units (PSUs) include GPA as part of employee welfare schemes.
🔹 Food Delivery & Ride-Sharing Companies (e.g., Swiggy, Zomato, Uber, Ola) – Riders and drivers face high road accident risks.
🔹 Freelancers & Contract Workers – Companies hiring contractual workers can provide accident coverage as an added benefit.
Answer: Group Personal Accident (GPA) insurance is a policy that provides financial protection to employees or group members in case of accidental injury, disability, or death. It offers compensation for medical expenses, loss of income due to disability, and financial support to the nominee in case of accidental death.
Answer: Any company or organization that wants to provide financial security to its employees should buy GPA insurance. It is essential for industries with high workplace risks, such as construction, manufacturing, logistics, and transportation. However, corporate firms, startups, and even gig-economy companies (like food delivery and ride-sharing services) can also benefit from it.
Answer: GPA insurance typically covers:
Answer: No, GPA insurance only covers accidental injuries, disability, and death. It does not cover natural death, pre-existing diseases, or illnesses like heart attacks or cancer. For such coverage, employers should consider life or health insurance policies.
Answer: GPA specifically covers accidental injuries and related expenses, whereas health insurance covers a wide range of medical conditions, including illnesses and surgeries. GPA provides lump sum compensation for disability and death, while health insurance focuses on hospitalization and treatment costs.
BP AND AF INSURANCE MARKETING FIRM PRIVATE LIMITED
Contact Info - 9793313337 , 9839291733 , 8765257034
Regs. off. - 117/ K/ 76 Sarvodaya Nagar ,Kanpur 208025
off .- 7th Floor ,Imperial square , The Mall Road, Kanpur 208001.
Branch off. - Shop no . 16 , 17 , Nirmala complex , Naka chungi , Ayodhya , 224001
Email id - bpaf.imf@gmail.com, Support @bpaf.in
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