Under the purview of this class of insurance, the risks associated with human life in general can be covered up to the limit specified. A person can insure his or her life and his health against any unplanned contingencies. In event of his death, his dependants will be reimbursed to the full amount that he was insured for. Or if the insured person meets with an accident or suffers from an illness that cripples him forever, he will be compensated with the complete sum assured anyway since he may not be able to lead a normal life again. In case, the accident is not that severe, he should be able to recover after medical treatment and rehabilitation. If he has opted for medical cover, then his medical expenses, treatment and medication will be paid for by his insurance policy.
The Insurance Policy compensates the Insured in case of Accidental Death, Loss of limbs and eyes, Permanent Total Disablement and Permanent Partial Disablement
Employees are the most important asset for any organisation. With a booming economy, and abundant job opportunities organisations need to differentiate themselves as distinct employers. The role of an employer does not end with creating a great work environment, and providing excellent opportunities. It also needs to facilitate employees to protect themselves from the vagaries of life such as accidents, illnesses etc
Every business trip you make is an investment. Hence a travel policy would ensure minimizing the risks taken.