Workmen Compensation Insurance
Workmen’s Compensation Insurance
This covers the compensation that is to be paid by the employer to the employee for the death or disablement or injuries, for accidents while at work.
- In case of death occurrence there will be 24 months’ salary of insured as compensation
- Against permanent disablement there will be 24 months’ salary of insured as compensation
- Permanent disablement there will be 3 months’ salary of insured as compensation
- In case of partial permanent disablement there will be a specific percentage out of 24 months’ salary as compensation
Period of coverage for this policy is one year and daily starts from 8am till 4pm.
Premium is calculating as per the job category of insured (employee) annually.