What are the Types of Workers Compensation Insurance Policies

Disabilities covered under Workmen’s compensation Policy

• Temporary Total Disability: As name suggests, it covers the compensation for the employees who are temporarily unable to work due to an injury. However, the injured employee can return to work in full capacity after some time.

• Permanent Total Disability: This covers the compensation structure as prescribed under Employee’s compensation Act, 1923 and cost of medical treatment for injury or illness suffered by employee who can’t return to work due to the disability caused by the injury, thus hampering their source of income.

• Permanent Partial Disability: It benefits employees who get back to work but aren’t able to work in the same capacity as before.

• Death: This covers the compensation structure as prescribed under Employee’s compensation Act, 1923 to the employees who unfortunately died due to occupational hazard.

Medical Expenses

This cover, if taken pays for the cost of medical treatment for injury or illness caused to an employee during work. It generally covers:

• Appointment fees of doctors

• Costs of medication

• Cost of surgery and recovery equipment

Summing it Up

Before buying any of the Employee’s compensation insurance policy, it’s essential to read the terms and conditions as the coverage is different for all. It’s equally important to compare quotes and choose the one that best fits one’s requirements.

• Workmen’s Compensation Insurance Policy
• Product Code: 4010
• Product UIN: IRDAN115CP0017V01201920