Group personal accident insurance, as the name suggests, is a group insurance policy that covers accident mainly for the employees under corporate group insurance. It is available for both, the employees and board or owner of a company.

This insurance provides comprehensive financial protection against hefty expenses incurred due to the disablement of the insured in accordance with the terms mentioned in the policy. The terms include conditions of disablement or death. 

Features of Group Personal Accident Insurance  

A group personal accident insurance has the following characteristics-

1. It is issued to a group of people with a similar risk profile. 
2. This group can be formed by an employer for his/her employees, organization, travel company, banks and other service providers for customers. 
3. The policy covers the expenses and gives compensation to the group members insured for any injury mentioned in the causes that occurred in their lives.   
4. It is applicable to the entire world.