A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group. Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance. Purchasing a group accidental insurance is the  best option for keeping unanticipated expenses under check.

Products Features/Covers

Benefits of Group Accident Policy

1. Accidental Death: It covers Death due to Accident within 365 days of the accident date. Coverage limit is 100% of Sum Insured.

2. Accidental Dismemberment and Paralysis: It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date. Paralysis is the loss of the ability to move (and sometimes to feel anything) in part or most of the body, as a result of an Injury.

3. Education Benefit: Entire sum insured is payable in case of accidental death / permanent total disability. Benefit payable for eligible child who is full time student in any Institution.

4. Permanent Total Disability: It covers Total Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is 100% of Sum Insured.

5. Accidental Medical Expenses in-patient department (IPD): It Covers hospitalization expenses due to accident for period more than 24 hours.

6. In Hospital Daily Cash: Provides per day benefit for the period of Hospitalization due to Accident.

7. Family Transportation Benefits: Expenses incurred by any immediate family member of the insured on making travel arrangements to meet the insured person who is hospitalized and situated more than 150-kilo meters from his residence.

8.  Permanent Partial Disability: It covers Partial Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is as per % specified in policy document.

9. Accidental Medical Expenses Outpatient Department (OPD): It covers Out Patient expenses due to accident in which the Insured Person visits a clinic/ hospital or associated facility like a consultation room for diagnosis and treatment based on the advice of a Medical Practitioner.

10. Evacuation Benefit: The Company will pay Sum Insured per occurrence as mentioned in Certificate of Insurance if an Insured Person sustains Injury in the Evacuation from the building used by the Policy holder for the Policy holder’s business activities and during the Policy Period which directly and independently of all other causes results in Accidental Death and / or Accidental Dismemberment and Paralysis and / or Permanent Total Disability and/ or Permanent Partial Disability and / or Temporary Total Disability and / or Accidental Medical Expenses within twelve months of the Evacuation.

11. Coma: The Company will pay Sum Insured per incidence mentioned in the Policy Schedule/ Certificate of Insurance for an Injury due to an Accident which results in Coma of specified severity from the date of Injury during the Policy / Cover Period

Features of Group Accident Insurance

What Does Group Accident Insurance Not Cover?

1. Suicide

2. Military services or operations

3. War

4. Illegal act

5. Bacterial Infections

6. Disease

7. AIDS

8. Dangerous sports etc.

Click below links to download product brochure

a. Download in English

b. Download in Hindi

FAQ’S Group Accident Guard Policy

Please refer the attached PDF 

Claim Process

Please refer the attached PDF

Disclaimer - The participation by IPPB’s customer in insurance products is purely on a voluntary basis. There is no ’linkage’ either direct or indirect between the provision of banking services offered by the bank to its customers and use of the insurance products.