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Group Personal Accident Insurance
Group Personal Accident Insurance provides financial protection to groups of individuals against accidental injuries, disabilities, or death. Unlike individual policies, this health insurance plan covers multiple members under a single umbrella, offering convenience, cost-effectiveness, and comprehensive benefits. Ideal for employers, institutions, clubs, and organisations, it ensures that in the event of an unforeseen accident, affected members or their families receive timely financial support.
By safeguarding people who matter most, this policy strengthens trust, enhances welfare programs, and prepares organisations for life’s uncertainties.
Why you should buy
Healthcare Insurance from us
Tailor-made Plans
Affordable Premium
Flexible Sum Insured
15,500+ Cashless Hospitals
Cover Highlights For You And Your Loved Ones
Cover Highlights
Permanent Partial
Disablement
Permanent Total
Disablement
Emergency
Ambulance
Funeral Expense
Hospital Cash
Know What Our Group
Personal Accident Offers You
Death/Disappearance
Death means cessation of blood circulation and breathing – the two criteria necessary to sustain life in a human being.Disappearance due to sinking or wreckage of the conveyance means the untraceability of the insured person for a continuous period of 365 days following disappearance, sinking or wreckage of the conveyance he was provably travelling in,leading to a case of declared-death-in-absentia or legal presumption of death. Show MoreShow Less
Permanent Total Disability
Permanent Total Disablement means any of the following happening within 365 days of the accident: a) Total Paralysis b) Total and irrecoverable loss of sight of both eyes c) Total and irrecoverable physical separation of or the loss of ability to use two Limbs (both hands or both feet or one hand and one foot) Show MoreShow Less
Foreign Invasion
Foreign invasion, act of foreign enemies, hostilities, warlike operations (whether war be declared or not or while performing duties in the armed forces of any country during war or at peace time), participation in any naval, military or airforce operation, civil war, public defense, rebellion, revolution, insurrection, military or usurped power. Show MoreShow Less
Biological weapons
Biological attack or weapons means the emission, discharge, dispersal, release or escape of any pathogenic (disease producing) microorganisms and/or biologically produced toxins (including genetically modified organisms and chemically synthesized toxins) which are capable of causing any Illness, incapacitating disablement or death. Show MoreShow Less
Loss due to nuclear contamination
Ionizing radiation or contamination by radioactivity from any nuclear fuel (explosive or hazardous form) or resulting from or from any other cause or event contributing concurrently or in any other sequence to the loss, claim or expense from any nuclear waste from the combustion of nuclear fuel, nuclear, chemical or biological attack. Show MoreShow Less
Benefits of Group Personal Accident Insurance for
Employers and Employees
Group accidental insurance is a specialised policy designed to offer financial protection to a group of people under one umbrella. Employers often purchase a group accidental insurance policy for employees, organisations may buy it for members, or institutions can provide it to students. This type of insurance ensures that if any covered individual suffers accidental injury, disability, or death, the insured person or their family receives financial support.
01. Employee Welfare and Retention:
Providing group personal accident insurance coverage enhances an employer’s benefits package, making it attractive to current and prospective employees.
02. Peace of Mind
Knowing that their team is financially protected in the event of unforeseen accidents reduces stress for employers and HR departments.
03. Tax Benefits
In some cases, premiums paid towards group insurance may qualify for tax benefits, depending on prevailing laws.
01. Comprehensive Coverage:
Policies typically cover accidental death, permanent total disability, permanent partial disability, and sometimes even temporary disability.
02. No Medical Tests Required
Since coverage is extended to a group, individual medical underwriting is generally not required.
03. Worldwide Protection
Many policies offer 24/7 global coverage, ensuring that employees are protected wherever they travel.
By offering group personal accident insurance coverage, companies not only fulfil their duty of care but also build loyalty and trust within their teams.
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Policy Wording Who should buy
Group Personal Accident Insurance?
Group accidental insurance is suitable for a wide range of entities, including:
Corporations and SMEs
Companies of all sizes can purchase policies for their employees, demonstrating their commitment to staff safety.
Educational Institutions
Schools, colleges, and universities can protect students and staff during academic or extracurricular activities.
Clubs and Associations
Sports clubs, non-profit organisations, or social groups can offer health insurance cover to members.
Contractors and Labour Groups
Industries such as construction, logistics, and manufacturing often provide a health insurance policy to ensure safety for high-risk workforces.
Travel Agencies
Agencies organising group tours may include accident cover as an added benefit for travellers.
Any organisation responsible for a group of people that may face accidental risks can benefit from purchasing a Group Personal Accident policy.
Key Features of Group Personal Accident Insurance
Universal Sompo’s Group Personal Accident Insurance offers multiple features tailored to meet both organisational and individual needs:
Accidental Death Cover
Provides a lump sum benefit to the nominee in case of the insured’s accidental death.
Permanent Total Disability Cover
Offers financial compensation when an accident leads to irreversible loss of limbs, eyesight, or other vital functions.
Permanent Partial Disability Cover
Pays a proportionate sum insured for partial but permanent disability.
Temporary Total Disability Benefit
Provides weekly compensation for a limited period when the insured is temporarily unable to work.
Medical Expense Reimbursement
Some policies reimburse medical expenses incurred as a result of accidents.
Education Grant
Certain plans offer education benefits for the insured’s children in the event of death or disability.
Funeral Expenses
Some policies offer compensation to cover funeral costs.
These features can be customised based on organisational requirements, ensuring coverage is relevant and affordable.
Eligibility Criteria to
Buy Group Personal Accident Insurance
To qualify for a Group Personal Accident Insurance policy, the following general criteria are often applied:
01.
Group Size
Insurers usually require a minimum number of members (for example, 10 or more) to issue a group policy.
02.
Age Limits
Typically covers individuals aged between 18 and 65 years, although this can vary by insurer.
03.
Relationship of Group Members
The group should have a common relationship, such as employees of a company, students of a school, or members of an association.
04.
Geographical Coverage
Policies often extend global coverage but must be explicitly specified.
05.
Policy Tenure
Usually offered on an annual basis, with options for renewal.
These criteria ensure that the policy applies uniformly to all members and maintains fairness in underwriting.
How to Buy
Group Personal Accident Insurance?
Purchasing Group Personal Accident Insurance through Universal Sompo is efficient and straightforward:
Assess the Group’s Needs
Identify the group's size, risk exposure, and desired benefits.
Contact Universal Sompo
Reach out via their official website, branch office, or authorised agents.
Get a Customised Quote
Based on group details, Universal Sompo will provide a premium estimate and coverage proposal.
Review Terms and Conditions
Understand the inclusions, exclusions, and claim process thoroughly.
Submit Required Documents
Provide the details of your group members, proof of association, and any other necessary paperwork.
Make the Payment
Once approved, pay the premium to activate coverage.
Universal Sompo’s experienced representatives assist organisations at every step, ensuring policies align with both regulatory requirements and business priorities.
Claim Process for Group Personal Accident Insurance
In the unfortunate event of an accident, filing a claim with Universal Sompo is straightforward:
Immediate Intimation
Notify Universal Sompo as soon as possible via phone, email, or their online portal.
Provide Required Documents
This typically includes a claim form, policy details, FIR (if applicable), hospital or medical reports, a death certificate (in the event of death), and other supporting evidence.
Assessment by Insurer
The insurer reviews documents and may request additional clarification if needed.
Approval and Settlement
Once verified, Universal Sompo processes the claim, and payment is released to the beneficiary or insured.
This efficient process ensures minimal stress during difficult times, providing financial assistance when it’s needed the most.
Group Personal Accident Cover from Universal Sompo is an excellent way to protect teams, members, or students from the financial consequences of unexpected accidents. By offering comprehensive benefits, flexible features, and easy claims, it supports both organisational responsibilities and individual peace of mind.
Whether you’re an employer looking to enhance your benefits package or an institution prioritising safety, this policy ensures that you’re prepared for life’s uncertainties.
Get Claim in 3 Easy Steps
1Initiation
Set the ball rolling by requesting for cashless approval through a network hospital. Post which we evaluate and approve/reject the request.
2 Hospitalisation
After approval, go ahead with the hospitalization.
3Claim Settlement
The claim gets settled directly with the hospital upon discharge.
1Initiation
Settle the bill with the hospital and share the original documents and invoices with us.
2Verification
We authenticate the documents.
3Claim Settlement
The approved amount gets deposited in your bank account.