4 reasons why employers need a Group PA Policy for their workforce
As employees become an important part of an organization, companies who are committed to be the Employers of Choice are creating safety nets for their workforce, which include the provision of a Group Personal Accident policy.
A comprehensive Group PA policy helps in covering the medical expenses and other compensation to the employees in case of any accident or injury. Check out what are the benefits of having a Group PA policy in place:
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Gives financial security to the employee’s family
In case of accidental death of the insured, the policy will make a pay-out to the family of the insured.
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Covers various types of disabilities
Types of disabilities covered under the Group PA policy includes permanent disablement, temporary total disablement and temporary partial disablement.
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Offers money to deal with medical expenses
In the event of an accident, Group PA policy could offer financial relief to cover the medical expenses of the insured should he/she has to stay in the hospital for medical treatment.
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Helps to build a positive employer reputation
Having a comprehensive Group PA Insurance in place does not only help safeguard employees’ health, but could also form a trustworthy relationship with employees and form a positive reputation of the company in public view.
Source:
SecureNow – 4 Reasons Why You Need a Group Personal Accident Policy for Your Workforce
SecureNow – What is the importance of group personal accident insurance for employees?
The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my)
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