Group Personal Accident Insurance FAQ’s

Group Personal Accident (GPA) Insurance policies are the policies suitable for organizations/companies, who wish to ensure their employees against possible perils like Accidental Death & Dismemberment, Permanent Total Disability (PTD), Permanent Partial Disability (PPD) etc. They look for a Group policy to cover all their employees under a single policy, which will be cost effective as they will get a group discount when compared to Individual Personal Accident policies.
Most GPA policies cover the following benefits:
  • Capital Benefits : Accidental Death / Accidental Dismemberment . Permanent Total Disability and Permanent Partial Disability
  • Regular Benefits : Accidental Medical Expenses (Fixed or Variable) / Weekly Indemnity (Temporary Total Disability)
  • Add Ons: Educational Allowance / Repatriation of Remains / Home & Vehicle Modification / Family Transportation, Burns, Broken Bones etc
Group personal accident insurance is a comprehensive cover that can be bought for large as well as small groups. The premium per lac of sum insured differs from group to group and the factors influencing the discount offered for the GPA policy are:
  • Size of the group
  • Occupation of the insured members
  • Sum Insureds of the insured members
    • Graded Sum Insured for each category of employees
    • Flat Sum Insured for all employees of the company
    • Sum Insured as a multiple of the employee’s salary
  • Loss history in earlier years for the organization
No, unfortunately there are no Income Tax Benefits for premium paid for a Group Personal Accident Policy.
Usually, GPA policies don't offer coverage in the following cases:
  • Natural death
  • Preexisting conditions
  • Injury caused while under the influence of drugs or alcohol
  • Intentional injury or intentional negligence
  • Violation of law
  • War and nuclear perils
  • Pregnancy or childbirth
Some of the Addon coverages that can be availed under a Group Personal Accident policy are:
  • Educational Allowance for children
  • Double Dismemberment
  • Repatriation of Remains
  • Home & Vehicle Modification
  • Family Transportation
  • Burns
  • Broken Bones
The addons however differ with each insurance company’s offering.
While it is true that with a Life and Health insurance coverage in place, an individual or group has reasonably cover, it must be remembered that sometimes following an accident, the insured may end up with a Disability or Dismemberment, in which case neither of these policies will offer cover. Hence having GPA policy in place is important.
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