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Accident Insurance Policy For Employees

Accident Insurance Policy For Employees

Submitted by • September 5, 2018 www.hrhelpboard.com

Accident Insurance Policy For Employees

PURPOSE
To take insurance cover for the employees under Group Accident Insurance Policy.
To provide monetary benefit in case of accident.
SCOPE
This policy is applicable for all the employees of ____________ Group including those who are covered in ESI scheme. In case employee is already having Accident Insurance policy, is exempted under this scheme subject to submission of copy of policy to the concerned HRM Head and he is entitled for reimbursement of the amount against the same as per his entitlement of premium amount.
POLICY
This policy is applicable to the following categories of employees as per the amount mentioned against each category. The benefits under the above said scheme shall be available as under:

S.N. CATEGORY AMOUNT
1 Level VI & above Rs. 5,00,000/-
2 Level V Rs. 3,00,000/-
3 Level – II to IV Rs. 2,00,000/-
4 Level – I Rs. 1,00,0

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