Employee’s Group Personal Accidental Insurance

The purpose of GUNI Employees’ Group Personal Accidental Insurance Policy is to promote best practices and to provide our employees a sense of security in an increasingly uncertain world.

GUNI Employees’ Group Personal Accidental Insurance Policy which secures the financial need to secure future for their dependents even in their absence. The current base policy of GUNI Employees Group Personal Accidental Insurance Policy ensures sum insured as 72 times of gross monthly salary maximum capping of Rs. 2 crores.

At the time of renewal of the policy, we shall invite reputed insurance companies to participate into bidding process and the best bidder shall act as insurance company.

Ganpat University has decided to provide Personal Accidental Insurance to all its employees and shall bear the cost for all members covered under the policy in line with the below mentioned terms & conditions.:

The sum insured will be 72 times of gross monthly salary subject to maximum capping of rupees 2 crores.

The policy shall allow to add members who shall join as well as remove who shall resign in between. The cost of sum insured amount for employees who shall join be borne by the University.

Table A (l) Coverage Sum Insured 1: Accidental Death Cover, Permanent Total Disablement Cover (PTD Cover), Permanent Partial Disablement Cover (PPD Cover), Temporary Total Disablement Cover (TTD Cover) @ 24 times of gross monthly salary not exceeding 20 lacs, whichever is lower.

Table B(l) Coverage Sum Insured 2: Accidental Death Cover, Permanent Total Disablement Cover (PTD Cover), Permanent Partial Disablement Cover (PPD Cover), sum insured 2 will be total sum insured i.e. 72 times of gross monthly salary less sum insured 1.

Accidental Death Cover (AD Cover)

Permanent Total Disablement Cover (PTD Cover)

Permanent Partial Disablement Cover (PPD Cover)

Temporary Total Disablement Cover (TTD Cover)

W.B. - 1% of table. A comprehensive cover or INR 20K per week for 100 weeks.

Medical Extension Cover 40% of valid claim amount or 10% of capital sum insured whichever is lower.

On duty / Off duty cover.

Carriage of dead body expenses cover - 2% of CSI or max. INR 25K whichever is less.

Child Education Reimbursement Expenses Cover - 10% of CSI or max. INR 25K for one dependent child allowed up to max. 2 dependent children.

Terrorism & RSMD Cover

Worldwide Cover

Snake & Insect bite Cover

24 hours cover

In case of newly joined employee the coverage will be with effect from date of joining subject to 64VB compliance, declaration will be done within 45 days from the date of joining & the premium be charged on pro - rata basis.