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Workmen Compensation Policy

Workmen Compensation Insurance is a policy designed to provide financial assistance to employees who suffer work-related injuries or illnesses. This insurance is mandatory for employers in India and covers the costs of medical treatment, disability, or death benefits that may arise due to an occupational hazard.


Workman Compensation Act in India

The Workmen's Compensation Act, 1923, is a social security legislation that mandates employers to provide compensation to employees for any work-related injury or illness. The act ensures that employers fulfil their legal and social obligations towards their workers and provides a safety net for employees who may be at risk of workplace accidents or hazards.


Benefits of Workmen Compensation Policy

Financial assistance for medical expenses incurred due to work-related injury or illness

Compensation for permanent or temporary disability caused by an occupational hazard

Death benefits to the dependents of the employee in case of fatal injury

Rehabilitation benefits to help the employee recover from the injury and get back to work

Legal liability coverage for employers against claims made by their employees

Protection against lawsuits filed by the employee or their family members in case of injury or death


Inclusions in Workmen Compensation Insurance Policy

Accidents that occur during the course of employment

Occupational diseases or illnesses that arise due to exposure to harmful substances or work environment

Death or disability caused by occupational hazards

Reimbursement of legal expenses incurred with the company’s consent

Medical can be covered per employee and aggregate limit

Contractual employees can be covered by declaration and taking an extension


Exclusion from Workmen Compensation Insurance Policy

Injuries or illnesses that occur outside the course of employment

Self-inflicted injuries or suicide

Injuries or illnesses caused by the employee's wilful misconduct or negligence

Injuries or illnesses caused by intoxication or under the influence of drugs

Injuries or illnesses caused by terrorism, natural calamities or acts of war

The insured’s liability to the employees of the contractors to the insured

Any employee who cannot be designated as a workman under the common law

Any liability to the insured under an agreement, which would not have been applicable otherwise to the agreement


Cost of Workmen Compensation Insurance Policy

The cost of Workmen Compensation Insurance varies depending on factors such as the size of the business, the nature of the work, and the number of employees. The premium is typically calculated as a percentage of the total payroll of the employees covered under the policy.


Pre-condition to buy Workmen Compensation Insurance Policy

The employer should be registered under the applicable laws in India

The employer should provide a safe working environment and comply with the occupational safety and health standards

The employer should maintain accurate and up-to-date records of their employees, including their wages and working hours


Claim and document required

To file a claim under Workmen Compensation Insurance, the following documents are typically required:

  • Filled claim form.
  • Medical certificate stating the nature and extent of the injury or illness.
  • FIR or police report, if applicable.
  • Post-mortem report, if applicable.
  • Any other document as required by the insurance company.

Compare & Save upto 85%*

On Other Insurance

*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

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