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Powerpoint On PA
Powerpoint On PA
INSURANCE
●Purpose of the policy is to pay
fixed compensation in case of death
or bodily injury to insured
due to accident
●Accident means any external,violent
on occupation viz
Group-1..non hazardous occupations
doctors,lawyers,accounts,architects,
consulting engineers,teachers,bankers
persons in administrative functions,
etc
Group-2..hazardous occupation like
builders,contractors,superintending
engineers,veterinary doctors,paid
Risk group 2 contd
Paid drivers of motor cars and light
motor vehicles.
Besides,all persons in manual labour
like cash carrying employees,garage
and motor mechanics,machine opera
tors,truck/lorry/heavy vehicle drivers
professional athletes and sportsmen,
wood working machinists etc
Risk group-3
Persons engaged in underground mines,
explosives,magazines,workers in
electrical installation,jockeys,circus
personnel,person engaged in activities
like racing on wheels or horseback,
big game hunting,mountaineering,
winter sports,skiing,ice hockey,ballooning,
hand gliding,river rafting,polo and
similar activities
Premium tariff guide rates in Rs.per mille
Risk I Risk 2 R
●Aviation,ballooning
●Natural death
intimation to insurers
Note..this is not exhaustive but main points
Group Personal Accident
Customer.. Groups which have a
common relationship among the
persons to be insured and a central
point for administration of the insurance
scheme eg.
●Employer employee relationships
by banks
●Shareholders of banks/public limited
companies etc.
Salient features of Group PA
●Group size discount is the attraction
365 days
●Cumulative bonus and children
there
●Based on three years claim experience
●Monthly income
●Premium
●Service tax
●Nominees name,age,relationship