Workmen Compensation/ Employees Compensation
Workmen’s Compensation Plan offers monetary compensation to the employees in case of medical emergencies during their employment period. This policy can be issued even to the employees who do not fall in the scope of Workmen’s Compensation Act, 1923, and subsequent amendments therefore the policy covers statutory Liability of an employer for the death of or bodily injuries or occupational diseases sustained by workmen in the Insured’s immediate service and arising out of and in the course of employment. Workmen’s Compensation Plan is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the worker’s compensation policy. It is policy for workers payable under a scheme set out in the Workmen’s Compensation Act of India, monitored by the Ministry of Labour.
- Accidental death & disability cover
- Permanent partial disability
- Weekly compensation cover
- Accidental medical expenses
- Compensation amount related to salary
- Occupational diseases
- Unnamed policy (Workers)
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If the appropriate waiver is not opted for, then the policy will not cover:
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless due to an accident.
- Treatment of specified illnesses for the first year of the policy
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation of insurance cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery, unless it requires hospitalization, and cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
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