Dear M.V.KANNAN.
You are absolutely correct. At the time of calculating the Compensation payable to a workman due to accident arising out of and in the course of employement, age is a vital factor. Depending upon age the Compensation amount is calculated (Relevant factor as u mentioned) but just think of the Contractors, they very frequently changes their workers, in their case it would not possible for them to identify the age of future workers. That is why Insurance Companies generally do not want to know the age of the workers. So for getting your workers covered under WC Policy, age is not a factor but for calculating the amount of compensation Age is a vital factor.....
So if you have done WC Policy for 50 workers at a time and an worker died due to accident, whatever the amount the WC Commissioner will calculate, it will be responsibilty of Insurance Company to pay the amount.
Regards.
Jawed Alam