The major benefit of ICICI Lombard Workmen’s compensation policy is that it bears the legal expenses of the insured customer in litigation, the amount awarded by the court and other expenses. It is important to note that there is no upper limit in the workmen compensation policy making it a beneficial plan instead of indemnity based plan. ICICI Lombard workmen compensation policy covers the claims payable which are awarded by the honorable courts.
ICICI Lombard workmen compensation policy can be purchased online from here in a very hassle free way without the trouble of going to the office of the insurance company.
The basic cover under the policy includes the death and disability of the workmen whereas the add-on cover includes compressed air disease, occupational disease, terrorism damage cover, medical extension cover, medical extension cover under which the sum insured option can be a certain limit or the actuals.
The major advantage of ICICI Lombard workmen compensation policy is the swift response of the company in case of registration of a claim and handling of claims. The insured can call on the toll free number of the company to register the claim and within a few hours a call back would be arranged from the concerned department to understand the claim related details.
ICICI Lombard general insurance has
all over india
all over india
with cashless claim settlement facility all over India
Medical extension add-on cover provides for compensation to the workmen in case of hospitalization due to an illness, disease or an accident. The limit of sum insured under the medical extension cover can be selected by the insured customer at the time of taking the policy. The sum insured usually ranges from 10k to 2 lakhs depending on the insurance company. The medical coverage can also be the actual amount incurred by the insured employee due to hospitalization.
Yes. ICICI Lombard is offering terrorism cover as an add-on with the Workmen compensation policy. The add-on can be availed on payment of additional premium to the insurance company. Terrorism cover includes the injury or death of the workmen due to terrorist activites. The cover also compensates for disability due to terrorist activities.
The basic information the insured need to provide for a workmen’s compensation quote is mentioned below:-
The sum insured is the maximum limit of liability in the workmen’s compensation policy. The sum insured would be calculated on the basis of the wages of the workmen for the period of insurance and the total number of workmen requiring the workmen compensation policy. The basic wages of the workmen employed by the insured determines the total sum insured under the workmen compensation policy.
ICICI Lombard Workmen insurance claim can be availed in the below steps:
Step 1: The first step in the claim process is to intimate the injury or death of the workmen to the insurance company in writing so that a claim intimation number would be given to the insured customer.
Step 2: In this step the insurance company would ask the insured customer to submit the claim related details. Duly filled claim form along with the other details such as the attendance details of the injured employee should be shared with the insurance company.
Step 3: After the duly filled and signed claim form with other required details is submitted to the insurance company, the insurer would appoint a surveyor to inspect the claim and then decide on the merits of the claim. If the surveyor report states that the claim is genuine then the same would be settled within 7-15 days depending on the insurance company or if the claim is not settled then the customer can approach the labor court.
Step 4: In this step the labor commissioner would arbitrate for claim settlement and even if the insurer is not ready to pay the claim then the claim would be reported to the labor court where the court would give the ruling depending on the merits of the case. The labor court ruling would be binding on both parties concerned.