This is a unique form of Life Assurance, which provides cover on a 24-hours basis for compensation to the insured person(s) following an accident.
It is a benefit policy, which can be arranged as personal or group policy by which organizations to the insured their employees.
Group Personal Accident, as it is generally called, payments for certain specified sum in the event of accidental death, permanent or temporary disablement as well as the medical expenses necessarily incurred following as accident.