Tata AIG Workers Compensation Insurance

Tata AIG Workmen Compensation Insurance Inclusions

The inclusions under the Tata AIG WC policy are as follows:

• Injuries suffered by employees due to workplace accidents.
• Health conditions or diseases worsened by job-related activities.
• Compensation for temporary disability or loss of life.
• Coverage for both partial and total permanent disabilities.
• Legal costs covered with prior approval from the insurer.

TATA AIG Workers Compensation Insurance Exclusions

The exclusions under the Workers Compensation Insurance are:

• Injuries resulting from war, conflicts, rebellions, nuclear hazards, or radiation exposure.
• Accidents occurring outside the designated workplace unless the employee is on official duty.
• Work-related illnesses contracted by employees.
• Medical treatment costs for employee injuries.
• Fines, penalties, or interest imposed on the employer under legal provisions.
• Injuries to workers hired through contractors or sub-contractors unless specifically included in the policy.
• Injuries to individuals not covered under the policy or employed outside the insured business.
• Amounts the employer could have recovered from another party if not for a prior agreement.
• Liabilities arising solely from contractual agreements.
• Disabilities or fatalities caused by self-inflicted harm or intentional worsening of an injury.
• Accidents caused by the influence of drugs or alcohol.

How to Buy Employee Compensation Insurance from Tata AIG? 

Here is the step-by-step process to buy Employee Compensation Insurance from Tata AIG:
 

1. Choose Your Industry: Select the relevant industry category and provide details about your workforce.
2. Enter Required Details: Fill in additional information, including your contact details, company name, and location.
3. Complete the Purchase: Click on ‘Proceed to Buy’ and follow the on-screen instructions to finalise your policy.

Tata AIG Workers Compensation Insurance Claim Process

To file a Workers Compensation Insurance claim with Tata AIG, follow these steps:

1. Report the Incident: Inform Tata AIG in writing about the accident and the employee's injury or unfortunate demise.
2. Claim Assessment: An appointed investigator will review the claim to confirm its validity.
3. Collect Required Documents: Gather all relevant records and evidence of the incident and injury.
4. Submit the Claim Form: Complete the claim form and submit it along with the necessary documents. Include details such as the policy number, insured company name, affected employee's name, accident date, type of claim, and a brief incident summary.

Documents Required for Buying Employee Compensation Policy

Make sure you have the following documents ready when purchasing a Workers Compensation Insurance policy:

• Proposal Form A duly completed and signed proposal form specifying the nature of work.
• Business Identification Documents
• Certificate of incorporation
• PAN (Permanent Account Number)
• DIN (Director Identification Number)
• Business commencement certificate
• Income Tax Return (ITR) documents (if applicable)
• Employee Details Comprehensive records of workers, including their roles and job descriptions.
• Salary Records Documentation reflecting employee wages.

Other Required Documents Any additional paperwork requested by the insurer.