Workmen's Compensation Policy

One of the key responsibilities of a company is to provide a safe and healthy working environment. In an unfortunate event of an Employee suffering a bodily injury (temporary or permanent), or death during the course of employment ,Employer is legally liable to pay compensation to the Employee under the Employee’s Compensation Act 1923 and subsequent amendments of the said Act, The Fatal Accidents Act 1855, and at Common Law. Our policy provides protection to the employer against this statutory liability. In Indian context with the advent of global work environment and increased employee right awareness which can translate into costly law suits and exorbitant compensation the policy provides protection to the employers.

Why Tata AIG General Insurance Company Limited?

Indian multinationals who have Workmen's Compensation needs in various countries around the world can opt for global policies from Tata AIG General Insurance Company Limited, which leverage AIG's presence in more than 130 countries. Tata AIG General Insurance Company Limited can arrange locally admitted and non-admitted policies as per the demands of the jurisdiction in which the multinational operates.

generic business

Key Features

The policy covers statutory liability of an Employer for death or bodily injuries caused to employees due to accidents arising out of and in the course of employment.

Cover For:

  • Death
  • Permanent total disablement
  • Permanent partial disablement
  • Temporary disablement
  • Additionally, legal costs and expenses incurred with our consent
  • Policy can also be extended to include medical expenditure for necessary treatment


Key Exclusions

  • War
  • The Insured's liability to contractors’ employees (unless specifically declared and covered)
  • Any liability of the Insured which attaches by virtue of an agreement but which would not have attached in the absence of such agreement
  • NOTE: Please refer policy wordings for detailed coverage, exclusions and conditions.

UIN: IRDAN108P0011V02100001