Workmen Compensation Insurance Policy In India

Workmen compensation insurance in india.

Workmen compensation insurance policy in india.

Also known as employee compensation insurance or labour insurance this insurance enables an employer to demonstrate his ability to meet the. This insurance is mandatory under the workmen s compensation act 1923 in india. A wide scope of coverage is provided by the plan. To buy arogya sanjeevani policy uiic please click here.

The workmen s compensation insurance is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the worker s compensation statutes. Therefore any workmen compensation policy should cover the following. Matter india is a manufacturing firm in ludhiana specializing in the production of automobile spare parts. Workmen s compensation insurance policy.

The policy covers injuries and death suffered by employees of the insured organisation. It is compensation payable under a scheme set out in the workmen s compensation act of india monitored by the ministry of labour. Workmen s compensation protects organization from the threat of expensive lawsuits and large compensation payouts. For more details on benefits exclusions.

To know more about revised family medicare policy click here. The policy provides a list of coverage extensions which are available at an additional premium. Insurance is the subject matter of the solicitation. 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.

A case of workmen compensation policy. Workmen compensation insurance policy covers these liabilities of the employer as prescribed by the workmen compensation act. Letter of introduction family medicare policy. Workmen s compensation insurance policy covers statutory liability of an employer for death or bodily injuries caused to employees due to accidents arising out of and in the course of employment.

Employees compensation insurance policy whereas the insured by a proposal which shall be the basis of this contract and deemed to be incorporated herein has applied to sbi general insurance company limited hereinafter called the company for the insurance hereinafter contained for the. United india launches corona kavach policy united india with effect from 10th july 2020. A workmen compensation insurance policy is a commercial insurance policy that covers the legal liability of an employer to provide compensation to its workmen in case of their death or accident. Registered with irda of india regn.