Employee Benefits Package are an important part of retaining and attracting talented employees. Employers cover their employees under various insurance plans such as a Group Health Insurance Plan, Group Personal Accident Insurance Policy, a Group Term Life Insurance Policy etc. Another two important insurance policies that provide social security benefit to employees in India are […]
Workmen’s Compensation Insurance Policy
An Overview of Workmen’s Compensation Act 1923
Employees are the backbone of any organisation. It is the duty of any employer to take care of their employees, especially when employees face death or disability in the course of conducting their duty. The Workmen Compensation Act 1923 was formed to provide compensation to workers who faced accidental death or injuries in the course […]
Benefits of Workers Compensation Insurance Policy in India
Workers in India are entitled to a safe working environment as per the law. Employers can be held legally liable if an employee suffers from any workplace related injury. Workplace-related accidents and injuries are a common occurrence and such injuries leave the family of employees in an extremely vulnerable position since the injured worker faces […]
How is Workmen’s Compensation Insurance Policy Claim Settlement Amount calculated?
A Workmen’s Compensation Insurance Policy is a Policy which covers the legal liability of the employer to provide the compensation to an employee in case the employee suffers from an injury or death in the course of his employment. A Workmen’s Compensation Insurance Policy is also known as WC Insurance Policy. This article describes in […]