Workmen Compensation
Workmen Compensation Insurance provides coverage for employee injuries or illnesses arising from workplace duties, ensuring legal compliance and financial protection.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Ensure Workplace Safety and Compliance with Workmen Compensation Insurance
Plans from ₹350/month.
Definition
Workmen Compensation Insurance, also known as Employer's Liability Insurance, covers businesses against legal liabilities for employee injuries or diseases contracted in the workplace. It provides financial coverage for medical treatment, lost wages, rehabilitation, and death benefits, fostering a safer work environment and compliance with labor laws.
How does it work?
Employers pay premiums for Workmen Compensation Insurance, and in return, the policy covers the statutory liability of employers for injuries or illnesses employees may suffer due to their job. If an employee files a claim, the insurance provides compensation as per the policy terms, helping businesses manage the financial and legal aspects of work-related accidents.
What’s Covered
Work-Related Accidentsinjuries or illnesses that occur during employment or as a direct result of job duties.
Occupational Diseasesillnesses contracted as a result of the employee’s specific type of work or workplace exposure.
Permanent orTemporary Disability compensation for disabilities incurred from job-related activities.Employee Deathbenefits paid to dependents or family in case of an employee's death due to work-related causes.
What’s Not Covered
Intentional Misconduct injuries resulting from the employee's intentional self-harm or illegal activities.Non-Occupational Illnesses/Injuries health issues not related to or caused by the job or workplace.
Contractual Liabilities liabilities beyond the statutory obligations under workmen compensation laws.
Injuries under Influence accidents occurring when the employee is under the influence of drugs or alcohol.
Non-Compliant Claims claims that do not comply with policy terms or legal reporting timelines.
POLICYERA BENEFITS
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