Tata AIG Accident & Health Division provides tailor-made Group Personal Accident (GPA) Policy to suit the requirements of our esteemed customers.

The hallmark here is that each of our GPA policies is unique to the client and his needs. Tata AIG tailors a customised GPA cover around your company's varying needs and limitations, depending on your choice of benefits in combination with the Accidental Death benefit.

A highly customisable product for large companies of more than 100 people

Benefits 
 
Special Benefits on GPA

• Accidental Death
• Dismemberment
• Permanent Total Disability
• You are also covered for a maximum of Rs.5,000 per accident for medical expenses.
• Permanent Partial Disability
• Accident Medical Reimbursement
• Temporary Total Disability (weekly benefit)

Adding Value to your product 
 
At Tata AIG, we see no reason why only traditional corporates and businesses should have access to a Personal Accident (PA) cover. Exploring new ways of thought, Tata AIG now offers GPA to both:

The traditional segment - corporates and businesses looking to offer a PA cover to their employees
And the non-traditional segment - private and public institutions who regularly access large numbers of people.
Two examples of PA being offered to a non-traditional client:

• Offering a PA cover bundled with the client's product. Tata AIG, in partnership with a large tire manufacturing company, offers a Personal Accident cover of Rs.50,000 with every 2-wheeler tire sold.
• Offering a PA cover to educational institutions, where students are covered for accidents during the time they spend at the educational institute.

Exclusions 
 
Across all our major products, the main exclusions to the policy include suicide, military service or operations, war, terrorism, illegal act, bacterial infections, disease, AIDS, dangerous sports etc.

Accidents are a fact of life. And they become more critical when your employees are involved. For this Tata AIG presents Group Multi Guard, which insures your employees at very affordable rates. Covering them for hospitalisation, disability, even death. So they know you will be there for them in good times and bad. A pre-underwritten product for smaller companies with 20-100 people.

Benefits
 
Special Benefits on Group Multi Guard

• 24 hour worldwide Accidental Death & Dismemberment coverage up to Rs. 500,000.
• This coverage doubles to Rs.10 lakhs in case of Accidental Death or Dismemberment by Common Carrier like bus, train etc.
• This coverage triples to Rs.15 lakhs in case of Accidental Death or Dismemberment by natural disaster (flood, landslide & volcanic eruption).
• You are also covered for a maximum of Rs.5,000 per accident for medical expenses.
• In case of Permanent Total Disability, where insured is no longer gainfully employed, the policy pays up to a maximum of Rs.500,000.
• While traveling, in case death occurs outside 150 kms from home, the policy covers cost of repatriation of remains up to Rs.5,000.
• If your employee is hospitalised due to an accident, the policy pays up to a maximum of Rs.1,000 a day, irrespective of the actual amount spent.

Exclusions
 
Across all our major products, the main exclusions to the policy include suicide, military service or operations, war, terrorism, illegal act, bacterial infections, disease, AIDS, dangerous sports etc.

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.

Why Voluntary Employee Benefits? 
 
In India, employee benefits traditionally comprise benefits like Group Life Insurance, Group Personal Accident Insurance & Medical Reimbursement. However, it is seen that in most organizations, the cover provided through these benefits is not fully adequate to meet the needs of the employees. Group Life and Group Accident Insurance are provided only to the employees and not to the families. Medical reimbursement benefits are typically extended to the employee, spouse & children. Rarely are the parents of the employees covered. In the unorganized sector, there are no tangible benefits at all provided to the employees. Considering all these factors, there is a clear need for extra support needed for all types of employees in India. Global and local trends indicate that every individual should be covered to the tune of 10 times his/her annual salary in order to take care of liabilities, in addition to ensuring that the dependents enjoy the same lifestyle. Secondly, different employees have different financial needs, and therefore require customized benefits, as opposed to a one size fits all approach. This is where voluntary employee benefits fits in.

Our Voluntary Employee Benefits Division offers a unique benefit program to employees of your organization. This benefit program aims to supplement the benefits that you as an organization may already be providing. The cost for this supplemental benefit is borne by the employee. The employee is free to choose coverage levels that are in tune with his/her current, as well as expected future lifestyle.

Some key highlights of our program 
 
• Convenience: Our in house team will visit your company's office premises and conduct the benefits program.

• Low contribution from employees: Since this is a corporate program, your employees get the maximum benefits at extremely low costs.

• Easy payment options: Employees can choose either Payroll Contribution or Direct Debit from their individual bank accounts ( ECS ).

• Family benefit: An employee can also choose to extend the benefits to his/her spouse, children and parents. Other employee benefit plans in the market do not include this option.

• Minimal administrative hassles for the employer (at zero cost): We require no supporting documents from the employees, since this is a corporate benefits program. In addition to this, we will handle other administrative issues like enrolment, filling up forms, monthly billing statement generation etc.

• Highly specialized team of Benefit Communicators: Our in house team is highly trained to advice your employees on appropriate benefits plan keeping in their mind their current lifestyle, income etc.
If your organization is interested in this program please fill out the following form for a detailed presentation by one of our Benefit Consultants (at no charge). The Benefit Consultant will present our entire array of benefit programs, as well as advise you on right kind of plan for employees of your organisation.