What is Group Personal Accident Insurance?
Life happens, and sometimes it’s not pretty. That’s where insurance comes in. Group Personal Accident (GPA) insurance is a type of policy that gives financial security to a group of people – usually employees – if they die or become disabled because of an accident. It’s often part of an employee benefits package.
As the world becomes more unpredictable, GPA insurance is becoming more important. In India alone, personal accident insurance covered over a billion lives in 2021. That’s a lot of people!
This article provides a comprehensive overview of GPA insurance. We’ll cover the benefits, what’s covered, what’s not, and how to choose the right policy for your needs.