Employee Benefit Insurance

Employee Benefit Insurance in India is a type of insurance policy that provides financial protection to employers against the costs associated with employee benefits. This insurance policy covers employee benefits such as medical insurance, life insurance, disability insurance, accidental death and dismemberment insurance, and other employee benefits that employers offer.

Employee Benefit Insurance policies are designed to help employers manage the costs associated with providing employee benefits while also ensuring that their employees are adequately protected. These policies typically offer coverage for a variety of benefits, and the amount of coverage provided will depend on the specific policy purchased by the employer.

Group Medical Insurance

Insurance for Health is a protective shield that helps individual or family from financial loss that occurs due to any unforeseen medical reason.

“Group health insurance is a medical insurance that covers a group of people, who are usually the members of societies, employees of a common company, or professionals in a common group. Group health insurance helps companies identify and mitigate the risks faced by their employees”.

Now a days as all employees look for something additional other than monetary benefits from organization and if they get the adequate medical cover for self and the dependent family then this makes an organization a better place to work for an employee.

There are multiple reasons why it has become a good practice for employers to offer health insurance benefits to their employees and their families like it helps to attract better talent in the market, Employee’s job satisfaction, Employee retention and wider coverage at a lower price as somewhere in their mind they don’t feel the burden for unexpected medical expenses as the same will be taken care under the insurance.

Group Personal Accident Insurance

Group personal accident insurance is another way to protect your greatest asset your employees. Cover provides compensation for death or bodily injury caused by accidental, violent, external and visible means, to any principal or employee specified in the schedule.

Group Personal Accident Insurance is suitable for organizations or employers, who wish to ensure that their employees or their nominees should get compensation for the Event for Accidental loss against during the Course of Work.

Accidental Policy is a Benefit Insurance Policy where the Policy Holder can get Compensation for the below Major Loses due to the Accident.

1. Accident Death
2. Permanent Total Disablement
3. Permanent Partial Disablement
4. Temporary Disablement

Overseas Medical Insurance

Gone are the days when business was limited to any particular country or state. Today there exists no territorial boundaries when it comes to businesses. There are many companies that have crossed international borders to take their business to the world. And there are much more who are making all efforts they can to take their business to a next level.

With business organizations constantly working towards making their presence felt worldwide. It also expects its employees to be a part of their vast expansion and expect employees to travel any place in the world for business.
By offering travel insurance to their employees who travel for business purposes, a multinational organization shows that it cares for its employees. This in turn makes an employee feel at ease as well as proves to be a building block of a healthy employee employer relationship.

There are a lot of things that can go wrong while a person is traveling. Expenses for medical treatment, emergency evacuation, flight cancellations or loss of Passport or baggage are few of the common costs that companies might face when their employees are on business trips. There is a lot of risk involved when a person is traveling, and it is the duty of an organization to offer travel insurance to all their employees that travel for business purposes.

Workmen compensation

Workman is a person employed for the purpose of the Employer’s trade or business an Employer is liable to pay compensation as per the WC Act for any worker, irrespective of designation or compensation. Workmen compensation claims are for accidents within work premises and during work hours. However, they can also be for work related accidents beyond the premises and before or after official hours of work.
At the time of injury, workman must have been engaged in the business of the employer and must not be doing something for his personal benefit.

What it covers:

Indemnity against legal liability to all employees under the W.C.Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.”
Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law.

How Coverdesk Works

Coverdesk is an Insurance advisory Consultants who helps you in the entire insurance journey right from decision making of which policy to take to final Claim Solutions.