Group Personal Accident (GPA) Insurance

What is Group Personal Accident (GPA) Insurance?

Group Personal Accident (GPA) Insurance is a vital employee benefit that provides financial security to a group of people (such as employees of a company or members of an organization) in the event of accidental injury, disablement, or death. It offers a lump sum benefit, ensuring the insured and their family remain financially protected, regardless of where the accident occurs.

Key Features of GPA Coverage

• Accidental Death: A lump sum payout is given to the nominee in case of accidental death.
• Permanent Total Disability (PTD): Full sum insured is paid if the accident causes permanent total disablement (e.g., loss of two limbs or eyesight).
• Permanent Partial Disability (PPD): A percentage of the sum insured is paid based on the severity/percentage of the disability.
• Temporary Total Disability (TTD): Weekly compensation is paid for a fixed period during the recovery time when the insured cannot work.
• Medical Expenses Cover: Reimbursement for hospital and treatment costs due to accidental injuries (often an optional cover).
• 24x7 Worldwide Coverage: The policy is typically valid anywhere in the world and applies both on and off duty.

Who Should Opt for GPA Insurance?

• Employers: MSMEs, Corporates, and Startups for employee welfare and retention.
• High-Risk Industries: Manufacturing, logistics, transport, and construction companies.
• Educational Institutions: For students, teachers, and administrative staff.
• Associations/Clubs: To safeguard members and affiliates.
• Contractors: For covering labourers and contract workers as a statutory requirement.

Benefits for the Organization

• Enhanced Employee Welfare: Shows commitment to staff well-being, boosting morale and loyalty.
• Compliance & Statutory Needs: Helps meet compliance requirements in certain high-risk sectors.
• Cost-Effective: Group policies are significantly cheaper than individual personal accident covers.
• Talent Retention: Functions as a powerful benefit tool in recruitment and employee retention.

Common Add-on Covers

• Accidental Hospitalization (Actual costs paid)
• Daily Hospital Cash Allowance
• Child Education Benefit (in case of death/disability)
• Repatriation of Mortal Remains
• Burns/Fracture Cover Extension

Exclusions (What's Not Covered)

• Accidents due to influence of drugs or alcohol.
• Self-inflicted injury or attempted suicide.
• Accidents while engaging in adventurous sports (without extension).
• Natural death or death from illness (unless accidental).
• War, civil unrest, or nuclear risk.

Real-Life Impact

• A field executive meets with a bike accident and suffers permanent disability - **PTD sum assured is paid.**
• A factory worker dies instantly in a workplace mishap - **Accidental Death benefit is paid to the family.**
• An employee breaks a leg on a business trip and is temporarily unable to work - **Weekly compensation (TTD) is paid for the recovery period.**