Hi Tina,
Pl find below the details about GPA--GROUP PERSONAL ACCIDENT AND GMC--GROUP MEDICLAIM POLICY.
GPA
The Group Personal Accident Insurance Scheme is a welfare measure formulated to insure the employees against the consequences of personal accidents and provide appropriate relief to the affected employee or the nominees through an Insurance Cover.
Policy
The Scheme is framed entirely as a welfare measure and does not confer any right or benefit on the employees, nor imposes any obligation or liability, whatsoever on the Company and shall not be deemed to be any contract or condition of service between the Company and its employees.
Benefits
The Insurance Policy will provide coverage by way of payment of compensation to the extent specified in this Scheme to the covered employees round the clock, whether he is on Company's duty or not, on any location in India or abroad; against a bodily injury resulting solely and directly from accidents caused by violent, external and visible means which shall solely, and independent of any cause, result in death or disablement (as per the provision/Schedule in the Policy).
GROUP MEDI CLAIM POLICY
Any Group/Association/Institution/Corporate body of more than 50 persons can take group Mediclaim policy. The institution should have a central administrative point. This Policy contains names of persons covered and provides cover to all eligible members.
What is covered?
This Policy covers following critical ailments:
1.This Policy covers hospitalization expenses incurred within the country, due to illness/disease &/or due to accident during the Policy period.
2.Room, Boarding expenses as provided by the Hospitalization/Nursing Home, and Nursing Expenses.
Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees Anesthesia, Blood, Oxygen, Operation Theater Charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and x-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of Organs and similar expenses.
I HOPE THAT THE BASIC DIFFERENCE BETWEEN THESE TWO IS CLEAR NOW.
KATYANA