Employee's Compensation

 

Wokmen's Compensation Act, 1923 has been renamed as Employee's Compensation Act, 1923

The workmen’s compensation policy provides Legal liability cover for:

• Bodily injuries
• Death

Caused due to accidents / occupational diseases arising out of and in the course of employment.

 

It is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the worker’s/employee’s compensation statutes. It is compensation payable under a scheme set out in the Employee’s Compensation Act of India, monitored by the Ministry of Labour.

This product is addressed to:

• Manufacturing units under the purview of Employees’ Compensation Ins. Act, 1923
• Business Organizationshaving Employers' Liability exposures under the Common Law