The Indian
Workmen's Compensation Act 1923 provides for the payment
of compensation by the employer to his employees (for
their dependents in the event of fatal accidents) if
personal injury is caused to them by accidents arising
out of and in the course of their employment.
Sum Insured
The employees’ total
remuneration paid or fallen due for payment including
overtime, value of board and/or lodging, housing accommodation
bonuses and all other perquisites privileges or benefits
in kind or money, received by the employees from the employer
in connection with their employment, which are capable
of being estimated in money. These terms do not however
include any traveling allowance or the value of any traveling
concession or a contribution paid by the employer of a
workman towards any pension or provident fund or a sum
paid to a workman to cover any special expenses entitled
on him by the nature of his employment. No deductions
shall be made in respect of any contributions paid by
employees in connection with pension or provident funds
or of income tax deducted at source
Exclusions
War
and allied perils
Contractual liability i.e. Liability
of insured assumed under an agreement
Workman having been at the relevant
time under the influence of drinks or drugs.
loss or damage to property
Willful disobedience of the workmen
to an order expressly given or to a rule expressly
framed for the purpose of securing the safety of
the workmen.
Willful removal or disregard by the
workman of any safety guard or other devises, which
he knew to have been provided for the purpose of
securing his safety.
Occupational diseases mentioned in
part "C" of schedule III of WC Act, unless
cover is extended on extra premium.
Extensions
Medical expenses payments
Occupational disease cover
Employees of contractors.
Legal liability of insured to occasional
domestic employees engaged in connection with his
house or garden.
Premium Calculation
Products 