A workmen's compensation policy protects the employers against the compensation amount they may have to pay to their employees in case they get injured or die due to an employment-related hazard. However, with many insurers offering this insurance in India, choosing the right insurance company can sometimes become a perplexing task.
One of India's prominent insurance providers and an established name across the health insurance and motor insurance categories, ICICI Lombard also offers Workmen's Compensation Insurance policy for business enterprises. This policy covers the monetary compensation that the employers need to pay to their employees (or their nominees) in case of death or disability due to accidental injury during the course of employment.
Here are a few reasons why you should opt for a Workmen Compensation Policy from ICICI Lombard for your business:
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Comprehensive coverage against the risks
ICICI Lombard Employee Compensation Policy provides comprehensive coverage to the employees against the risk of accidents resulting in bodily injuries, permanent or partial disability, or even death. Additionally, the policy can be customised to include medical expenses incurred by the employees for the treatment of critical injuries arising due to employment.
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Fulfil mandatory obligations
Under the Workmen's Compensation Act of 1923 and the Fatal Accident Act of 1855, it is essential for employers to pay compensation to their employees in case of bodily injuries or death during the duty hours. By purchasing a Workmen Compensation Policy from ICICI Lombard, you can ensure that these mandatory obligations are met without any financial hassle.
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Easy to purchase
ICICI Lombard's Workmen Compensation Policy is easy to purchase. You can either come to our nearest branch with the relevant documents or just visit our website to avail online Workmen Compensation insurance by entering employees details like Nature of Work, Wages, Count of employees and Policy period etc.
This way, you can get the policy from the convenience of your home and pay the premium using a debit/credit card, net banking, or an online payment wallet.
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24x7 customer assistance
If you come across any query or doubt regarding the Workmen's Compensation policy, you can contact us anytime at our toll-free number 1800 2666. Additionally, you can visit the "Support" section of our website if you want to know anything regarding the policy purchase or to file a claim. You can also chat with our customer support executives who are available 24x7.
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Excellent ability to settle claims
Before buying any insurance policy from an insurer, you must look at its ability to settle the customers' claims. ICICI Lombard is one of the prominent insurance companies when it comes to claim settlement. We have set benchmark with the claim settlement in the industry.
To Sum It Up
With numerous insurers offering the Employee's Compensation insurance in India, choosing the one which fits your requirements is imperative. It's easy to get lured by the inexpensive premiums initially, but it can cost dearly at the time of adversity. Therefore, opt for one of the prominent insurance companies such as ICICI Lombard, which has years of experience of catering to the customers' needs.