Scope of Cover

The Indian Workmen's Compensation Act 1923 provides for the payment of compensation by the employer to his employees (for their dependents in the event of fatal accidents) if personal injury is caused to them by accidents arising out of and in the course of their employment.

The maximum compensation payable is upon the following scale (as per W.C. Amendment Act 2000)

• Fatal Injury - Rs.4,57,080
  
• Permanent Total Disablement - Rs.5,48,496
  
• Permanent Partial Disablement - According to incapacity caused
  
• Temporary Disablement - Rs. 2000 per month upto a period of 5 years
  

Bajaj Allianz General Insurance Company Limited policies give an employer any of the following two forms of cover :

• Indemnity against the Employers legal liability to his Employees under the Indian Workmen's Compensation Act 1923, and subsequent Amendments of the said Act prior to the date of issue of the policy, under the Indian Fatal Accidents Act, 1855, and at common Law.
  
• Indemnity against the Employers legal liability to his Employees under the Indian Fatal Accidents Act, 1855 and at common law.
  

In addition, the company bears the costs and expenses incurred with its written consent in the settlement of claims.