What is group accident insurance and what is group accident insurance?

Group personal accident insurance is generally a personal accident insurance purchased by enterprises in the name of the group for employees, and the group accident insurance can be used to share the risk of the enterprise, and also provide certain protection for the insured.

Group accident insurance is very important for both businesses and individuals. When the insured employee dies or becomes disabled due to an accident, the insurance company will be responsible for paying the insurance benefits, and if the group accident insurance is attached, the insurance company will also pay the insured for the expenses caused by the accident.

Group insurance differs from individual accident insurance because it is the business that insures the group insurance, so individuals cannot get a separate insurance policy. Under normal circumstances, it is not possible to insure group accident insurance in the name of an individual, if an individual wants to buy accident insurance to avoid accident risks, you can buy personal accident insurance, the premium of personal accident insurance is not very expensive, only tens of hundreds of dollars can get hundreds of thousands of protection, and the insurance leverage of accident insurance is relatively high.

In case of death or disability due to an accident, both personal accident insurance and group accident insurance can be claimed, and the purchase of a personal accident insurance under the premise that the enterprise purchases group accident insurance for itself is equivalent to increasing the amount of insurance and improving their own protection, and the premium of accident insurance is also very low, which generally does not cause a great economic burden to themselves, and is a type of insurance that everyone needs to be configured.

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Unlike personal accident insurance, group accident insurance is insured on a group basis. The policyholder is not a person, but a legal person.

Group accident insurance, the full name is group accident insurance, is a personal accident insurance insured by enterprises in a group way, and its insurance liability and payment methods are the same as personal accident insurance.

The policyholder of group accident insurance must be an organization, and individuals cannot purchase group accident insurance, but can only purchase personal accident insurance. Wondering how to purchase personal accident insurance? You can click to see this article: What should I pay attention to when buying accident insurance? The latest accident insurance list is released!

Unlike personal accident insurance, group accident insurance is insured on a group basis. The policyholder is not a person, but a legal person.

The difference between personal accident insurance and group accident insurance.

Group accident insurance, the full name of group accident insurance, is a personal accident insurance purchased in a group way, and its insurance liability and payment method are the same as personal accident insurance. Information about personal accident insurance can be found here: "Accident Insurance Purchase Guide, these are necessary to know!"

1. Group travel accident insurance

The insurance liability of group travel accident insurance generally includes liability for accidents, disability, accidental injuries and acute medical expenses, and repatriation of remains.

2. Group personal accident insurance

This type of insurance refers to a kind of life insurance that takes the in-service personnel in the organs, groups, enterprises and institutions who are in good health and can work or work normally as the insurance object, and when the insured is disabled or dies due to an accident during the insurance period, the insurer pays the insurance money.

1. The policyholder and the insured are not the same person. The policyholder is an employer or enterprise that existed before the insurance was purchased, and the insured is a member of the unit, an employee of the enterprise, etc.;

2. There is generally no upper limit on the amount of insurance, only the minimum amount of insurance;

3. Compared with individual insurance, the premium is low and the protection is high. Because it is insured by the unit, it reduces the cost of the insurer's management costs, and the insurance ** is reduced;

4. Personnel can be changed at any time during the validity period of the insurance to meet the needs of enterprise personnel flow management;

5. The insurance period is flexible, that is, it can be insured on a monthly or annual basis, or it can be selected according to the actual needs of the project;

6. The procedures are simplified, and one policy can cover hundreds, thousands, or even tens of thousands of people.

7. Physical examination can be exempted, because the vast majority of people in the group are healthy, even if there are old, weak, sick and disabled, some have retired or resigned, so group insurance can basically eliminate the adverse selection tendency of individuals and can be exempted from physical examination.

Group accident insurance generally covers accidental injury (including accidental dismemberment and accidental death), accidental medical treatment, and accidental hospitalization allowance. Generally, accidental injuries must be purchased, which is the main insurance, and accidental medical and hospitalization benefits are supplementary insurances, which can be purchased optionally. The details are as follows:

1. Accidental injury: including compensation for accidental death and accidental disability;

2. Accidental medical treatment: reimbursement of accidental medical expenses, including reimbursement of outpatient and inpatient expenses caused by accidents;

3. Accidental hospitalization allowance: If you need to be hospitalized due to an accident, you will receive an additional amount of money every day.

General accident injury is the main insurance and must be insured; Accidental Medical Treatment and Accidental Hospitalization Allowance are riders that can be purchased with or without the option to purchase them.

The above three types are the basic sum insured of group accident insurance, which can be determined by enterprises according to actual needs. In addition, if the enterprise has a large budget and good benefits, the group insurance includes the superimposed protection for public transportation accidents, illness death, critical illness, supplementary medical treatment, etc.

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Group accident insurance, as the name suggests, is a plan designed for groups to cover all insured members of the same group. When group accident insurance is purchased, everyone shares a group accident master policy.

Group accident insurance has the following characteristics:

Group accident insurance is insured by an organization, such as a school, an enterprise, etc., while the insured is an individual in the organization, such as a student of a school, an employee of an enterprise, etc.

Most group accident insurance is based on the death of the insured as a condition for the payment of insurance benefits, so the insured should be aware when signing the insurance contract.

There is generally no upper limit on the amount of insurance, only a minimum amount of insurance.

Group accident insurance for units reduces costs and other expenses, so the insurance rate will be lower.

The premium for group accident insurance is usually paid in a lump sum on the commencement date of the policy term, after which the policy will become effective.

Since the premium rate of accident insurance generally has little to do with the age and health of the insured, and more depends on the occupation of the insured, and the members of the same group perform basically the same or similar work, and the nature of the risk is also similar. Therefore, compared with life insurance and health insurance, accident insurance is more suitable for group insurance.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Group accident insurance is a kind of personal accident insurance in the form of a group, and its insurance liability and payment method are the same as that of personal accident insurance. Its rates are fixed, and customers can choose how much they want to cover per person.

The premium rate of accident insurance is not related to the age and health of the insured person, but depends on the occupation of the insured person.

Further information: Insurance (or insuraunce) is a market economy.

The basic means of risk management is an important pillar of the financial system and the social security system, and it is also an act of paying insurance money to the insured when the conditions of the contract are met (when the contract agrees that the accident may occur due to the property loss caused by its occurrence, or when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract).

Insurance, economically, is a financial arrangement for apportioning accident losses, legally it is a contractual act in which one party agrees to compensate the other party's losses, socially it is an integral part of the social and economic security system, and risk management is the basic method.

History of China's Insurance Industry:

In 2007, Chinese birthday.

Ping An of China and China Pacific Insurance landed on the A** field. Pan-China Insurance is on NASDAQ.

Listed for trading. In June 2007, Chinese People's Insurance.

The holding company was renamed Chinese People's Insurance Group Corporation.

In September 2007, the U.S.-listed company eHealthInsurance's Youbao was officially launched in Xiamen, which means that China's insurance has entered the era of e-commerce.

On June 3, 2009, Centennial Life Insurance Co., Ltd. was established with the approval of the China Insurance Regulatory Commission.

On December 23, 2009, CPIC was successfully listed on the Hong Kong Stock Exchange, joining Hong Kong with two other insurance giants in the mainland.

On December 15 and December 16, 2011, Xinhua Life Insurance Co., Ltd. ****.

A+H was listed at the same time. It became the first insurance company in China to be listed on A+H shares simultaneously, and it is also the fourth insurance stock in China.

In March 2012, China Taiping was included in the list of ** financial enterprises under direct management.

On May 14, 2012, the company was approved by the China Insurance Regulatory Commission to provide a comprehensive insurance e-commerce platform for the sales and services of insurance products nationwide.

On June 7, 2013, China Taiping Insurance was restructured and listed as a whole, and the company was renamed China Taiping Insurance Group Co., Ltd.

and listed as a whole.

On June 9, 2013, the China Insurance Regulatory Commission (CIRC) designated July 8 as the "National Insurance Public Publicity Day" to strengthen the public's awareness of protection.

1. What is group accident insurance?

Group personal accident insurance refers to a kind of life insurance that takes the incumbents who are healthy and able to work or work normally in government agencies, organizations, enterprises and institutions as the insurance object, and when the insured is disabled or dies due to an accident during the insurance period, the insurer pays the insurance money.

The policyholder is an institution, organization, enterprise or institution, and the insured is an employee of the unit. Insurance premiums are paid by government agencies, organizations, enterprises and institutions.

Group accident insurance is a personal accident insurance that is insured in a group manner, and its insurance liability and payment methods are the same as those of personal accident insurance. Since the insurance rate of accident insurance has nothing to do with the age and health of the insured, but depends on the occupation of the insured, and the members of a group are engaged in work with the same or similar risk nature, compared with life insurance and health insurance, accident insurance is the most qualified to be insured in a group way.

2. The main features of group accident insurance.

1. The policyholder and the insured are not the same person, the policyholder is a unit that existed before the insurance, such as an institution, school, social group, enterprise, institution, etc., and the insured is a person of the unit, such as a student of a school, an employee of an enterprise, etc.

2. The insurance liability is mainly the death liability, and the death of the insured is the condition for the payment of insurance money, so the policyholder shall obtain the written consent of the insured when signing the insurance contract, and approve the payment of the insurance amount.

3. There is generally no upper limit on the amount of insurance, only the minimum amount of insurance.

4. The insurance rate is low, and the group personal accident insurance is insured by the unit, which reduces the cost of the insurer's management costs, and the insurance rate is reduced.

5. Under normal circumstances, the insurance premium is paid in one lump sum on the date of the beginning of the pure validity period of the insurance bank, and the policy can only take effect after the insurance premium is paid.

3. Can the beneficiary of group accident insurance be a unit?

According to the provisions of the insurance contract, the beneficiary of the death insurance benefit can be designated, which is designated by the policyholder or the insured at the time of entering into the insurance contract, and the beneficiary of the disability or burn insurance benefit is the insured himself, and no other designation or change is accepted.

Article 39 of the Insurance Law stipulates that the beneficiary of life insurance shall be designated by the insured or the policyholder. The policyholder's designation of a beneficiary is subject to the consent of the insured.

The insured shall not refer to the beneficiary of the person other than the insured and his/her close relatives when taking out life insurance for the worker with whom the insured has a labor relationship.

That is to say, the enterprise insures the employee with accident insurance, and the beneficiary of the disability or burn insurance benefit must be the employee himself; The beneficiary of the employee's death insurance benefit must also be agreed by the employee himself, and cannot be a person other than the employee's close relatives. To put it more thoroughly, the employee lives to the employee, and the employee dies, to the heir of the employee. The enterprise unit is a legal person, not a natural person, nor is it a close relative of the employee, so the enterprise unit cannot be designated as the beneficiary of the insurance, even if the beneficiary is designated as the enterprise unit on the insurance policy, this designation is invalid, in violation of the insurance law, and the compensation cannot be paid to the enterprise.

Summary. Hello, dear. We're happy to answer your <>

Group accident insurance and pro-group accident insurance are personal accident insurance purchased in a group manner, and their insurance liability and payment methods are the same as those of personal accident insurance. Since the insurance rate of accident insurance has nothing to do with the age and health of the insured, but depends on the occupation of the insured, and the members of a group are engaged in work with the same or similar risk nature, compared with life insurance and health insurance, accident insurance is the most qualified to be insured in a group way.

Group accident insurance.

Hello, dear. We're happy to answer your <>

Group accident insurance and pro-group accident insurance are personal accident insurance purchased in a group manner, and their insurance liability and payment methods are the same as those of personal accident insurance. Since the insurance rate of accident insurance has nothing to do with the age and health of the insured, but depends on the occupation of the insured, and the members of a group are engaged in work with the same or similar risk nature, compared with life insurance and health insurance, which is the most qualified to use the group method of insurance.

If the insured has two or more degrees of disability listed in the "Table of Disability and Payment Ratio" due to the same accidental injury, the insurer shall pay the sum of the disability insurance benefits. However, when different disability items belong to the same hand or foot, only one disability insurance benefit will be paid; If the disability level of the disability item belongs to a different level, the disability insurance benefit for the more serious item will be paid. Feast of hunger.