Workmen's Compensation Insurance Policy Workmen's Compensation Insurance Policy

Employee Compensation
Insurance Policy

  • Introduction
  • Coverage
  • What’s not covered?
  • Extensions
  • Why Choose HDFC ERGO?

Introduction

In an increasingly global work environment, employee rights have rapidly moved forward. To protect organizations from the threat of expensive lawsuits and large compensation pay-outs, HDFC ERGO has the Employee Compensation.

The employee compensation insurance is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the employee’s compensation statutes. It is compensation payable under a scheme set out in the Employee Compensation Act of India, monitored by the Ministry of Labour.

Coverage

Coverage under the following laws:

  • Employee Compensation Act, 1923
  • Common Law
  • Fatal Accidents Act, 1855

Provides coverage to all the employees of an organization against the following:

  • Death
  • Permanent Total Disablement
  • Permanent Partial Disablement
  • Temporary Total Disablement
  • Legal expenses and cost incurred with the company’s consent

The death or injury should arise out of and in the course of employment. However, the policy also covers employees under the Doctrine of Notional Extension.

What's Not Covered

  • Contractual Employees: There must exist an employer employee relationship between the insured and his employees. Employees belonging to the contractors of the principle are however not covered under the policy.
  • Medical Expenses: Hospitalization expenses incurred by the employee are not covered under the policy
  • Occupational Disease: Diseases mentioned in Part ‘C’ of Schedule III of the Workmen’s Compensation Act, 1923 are not covered under the policy
  • Liability of the Insured assumed under an agreement
  • Any injury which does not result in fatality or partial disablement for a period exceeding 3 days
  • The first 3 days of disablement where the total disablement is less than 28 days
  • Cumulative bonus for each claim free year

Extensions

  • Contractual Employees: Can be covered as an extension if they are specifically declared under the policy
  • Medical Expenses: There are 4 options to choose from to cover your hospitalization expenses under the policy.
    • Option 1: With Per Employee and Aggregate Limit
    • Option 2: With Per Employee Limit
    • Option 3: With Aggregate Limit
    • Option 4: Actual Expenses Incurred
  • Occupational Diseases: Any compensation for diseases mentioned in Part ‘C’ of Schedule III of the Workmen’s Compensation Act, 1923, which arise out of and in the course of employment.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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