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orkmen Compensation insurance policy is a commercial insurance policy that covers the legal liability of an employer to provide compensation to its workmen in case of their death or accident.Also known as employee compensation insurance or labour insurance.
Why Do You Need Workmen Compensation Insurance?
This insurance enables an employer to demonstrate his ability to meet the obligations imposed by the Workmen Compensation Act.
- Employee Compensation Act 1923
- Fatal Accident Act 1855
- Common Law
Condition For proposal
- Total Worker to be covered with classification
- Total salary of Worker
- History of claim
Inclusions
- Bodily injury caused by accident during the course and scope of employment.
- Accidental death
- Permanent total disability
- Partial disability
- Temporary disability
- Medical expense of accident
- Rest(Maximum upto Rs 2500 monthly).
Exclusions
- Non-fatal injuries.
- Injuries caused due to war, nuclear, or riot
- Accidents or injuries caused under the influence of alcohol or drugs.
- All the injuries that do not cause partial disablement for more than 3 days.
- Injuries caused to the internal removal of the security device or due to the carelessness of the security device.
- Medical expense of accident
- Rest(Maximum upto Rs 2500 monthly).
Workmen Compensation Policy Comparison With ESIC
| Workmen Compensation |
Employee State Insurance Corporation |
| Any worker can be insured |
worker wage above Rs.21000 not covered |
| Unnamed worker policy |
Named worker policy |
| Worker insured form first day |
Covered after registration |
| Any hospital |
Only in listed hospital |
Documents Required In claim
- Adhar card of the person injured
- Pan card of company
- Company cancel cheque
- All doctor & medical bills and receipt
- Fitness certificate
- Leave certificate
- Doctors claim form
- X-ray report
- Salary Sleep
- Attendance sheet
- Declaration
- No objection letter
- Salary slip 6 months(only for the injured person)
- Company fitness letter
- claim form
- Death certificate
- Final investigation report/
- A copy of the postmortem report
- Fir or MLC report
“Protect your Workers from unfortunate events”
