The Workers’ compensation law mandates all companies and organisation that fall under the workmen compensation act to abide by the rules and provide WC plan to their employee. A workmen compensation insurance plan is specially designed insurance that caters to the workplace against accidents or injuries. The plan provides cover to employers/business owners and compensates …
The Workmen’s Compensation Act,1923 offers compensation to workers and their dependents in case of an accident that may arise out of and in the course of employment resulting in disability or death. It helps an employer by covering the legal liability which may arise when any of its workers meets with an accident at the …
The Oriental insurance company offers workmen compensation policy with comprehensive coverage that can adequately secure your business and your most valuable assets, employees. Oriental Insurance Company’s WCP Inclusions Exclusions Death Compensation to dependents when the employee dies due to workplace accidents. Any injury attributable to war, an act of foreign enemy, invasion, hostilities Permanent/temporary …
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National Insurance Company’s workmen compensation policy provides indemnity to the insured employer against statutory liabilities towards its employees. National Insurance Company’s WC Policy Inclusions Exclusions Death Any injury in a workplace accident to employee while under the influence of drugs, alcohol or any other intoxicating substances Loss of income due to Permanent/temporary or Full/partial …
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The Indian government is thinking over to permit 100 per cent foreign direct investment (FDI) in insurance broking to further enhance the growth of the Indian insurance sector. As per the current foreign direct investment (FDI) policy, 49% of foreign investments are allowed in the insurance sector under automatic route. The broad insurance industry encircles …
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Bajaj Allianz’s workmen compensation (WC) policy protects your business against statutory liabilities and provides the insured with a coverage in case of the death, occupational disease or any other injury by accident occurred during the course of the employment. Bajaj Allianz General Insurance’s WC policy Inclusions Exclusions Death Any non-fatal injury caused by any accident …
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Workers are at risk of injury in just about every industry; providing a safe and secure work atmosphere is an important responsibility of an employer. Also, he or she has to compensate in case of any mishap as it is a legal liability under Workmen’s compensation act, 1923. A workmen’s compensation insurance policy thus helps …
Want to be an insurance agent and preparing for the exam? Here is what you should know about the examination as granted by Insurance Regulatory and Development Authority of India (IRDAI). The basics of insurance The first concept which you should understand is the purpose and meaning of insurance also how it works. You should …
The Insurance Regulatory and Development Authority India (IRDAI) has ordered all the insurance companies to make provisions for including mental illnesses in their health insurance policies with an immediate effect. The circular was passed in accordance with the provisions of the Mental Health Care Act, 2017. As per Section 21 (4) of the said Act, …
Have any questions related to as to how the premium of Workmen’s Compensation policy is calculated? Contact Us
Workmen’s compensation (WC) insurance protects the employer against liability to compensate the employee in case of work-related injury, under Workmen’s compensation act, 1923. For this coverage, there is a certain amount which employer pays called premium. Here is a list of factors taken into account while calculating the WC premium:
An all comprehensive checklist for your entire insurance needs —both life and general. This is the master list that you will ever need!Some of the most common insurance policies, such as life insurance policy, health insurance policy, motor insurance policy and travel insurance policy, need to be reviewed periodically as any changes in the circumstances …
