Workmen's Compensation (WC)

Accidents happen at the workplace, even after taking all types of preventive measures and safety precautions. The WC policy can be purchased by the Employers of firms who engage ‘workmen’ as defined by the Workmen Compensation Act, 1923. Organisations that engage the services of labourers, drivers, and construction workers etc. can buy and claim WC benefits.

Features

  • Covers the legal liability of the employers under the Workmen's Compensation Act 1923 and Fatal Accident Act 1855.
  • Compensation paid to employees for bodily injury or death caused due to accidents, or occupational ailments arising out of and during employment tenure.
  • According to the mandate, the employer has to pay a compensation amount equal to 50% of the monthly wages of the deceased employee.
  • Maximum monthly wage is the ceiling of Rs. 8000 multiplied by the relevant factor, or a sum of Rs. 140,000, whichever is higher.

Claim Process

1

Incident notification

2

Employer notification

3

Medical treatment

4

Claim documentation

5

Claims investigation

6

Claim approval or denial

7

Benefit payment

8

Thank You

Note: The claims process can vary depending on the specific circumstances and the policies.

Meet The Team

Our team works with a unified vision of delivering best-in-class services in relation to broking, client servicing, underwriting, risk management & more.

  • Salil Dey

    Assistant Vice President

  • Chandan Bakshi

    Technical Expert- Corporate Claims

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