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

Workmen's Compensation
Insurance Policy

  • Introduction
  • What’s covered?
  • What’s not covered?
  • 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 Workmen’s Compensation / Employer’s Liability Insurance.

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. It is compensation payable under a scheme set out in the Workmen’s Compensation Act of India, monitored by the Ministry of Labour.

 

What's Covered?

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The policy covers statutory Liability of an employer for the death of or bodily injuries or occupational diseases Read More...

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Employer’s Liability insurance covers for bodily injury to employees occurring within the scope of their employment when Read More...

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Plan Coverage:

  • Death
  • Permanent total disablement
Read More...

 

What's Not Covered?

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Any injury which does not result in fatality or partial disablement for a period exceeding 3 days.

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The first 3 days of disablement where the total disablement is less than 28 days.

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Cumulative bonus for each claim free year

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Liability to employees of contractors of the Insured (unless separately declared and covered)

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Liability of the Insured assumed under an agreement.

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Diseases mentioned in Part ‘C’ of Schedule III of the Workmen’s Compensation Act, 1923

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Any change in statute provisions after the policy has commenced

Policy Features

Extensions

 
  • Actual medical, surgical and hospital expenses including the cost of transport to hospital for Accidental employment injuries.
  • 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.

Who needs these policies?

 
  • Any employer of employees who do not qualify as “workmen” but share an employee-employer relationship.
  • Any employer of employees who do not qualify as “workmen” but share an employee-employer relationship.

Relevant statutes and laws under WC/EL policy

The policy covers legal Liability of an employer under:

  • Workmen’s Compensation Act, 1923, and Subsequent amendments of the said Act prior to the date of issue of the policy.
  • Indian Fatal Accidents Act, 1855, and Subsequent amendments of the said Act prior to the date of issue of the policy.
  • Common Law
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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