Policy snapshot
Mandatory insurance that covers legal liability of an employer for injury, disability, or death of a worker during the course of employment.
What is Workmen’s Compensation Insurance (WCI)?
Workmen’s Compensation insurance ensures statutory compliance and financial protection against workplace-related injuries or death. It's a legal must-have for many sectors.
What can it cover?
- The policy covers statutory liability arising from death, permanent or partial disability, and injury of employees while performing their duties. It includes compensation for medical expenses, loss of wages during recovery, and legal liabilities as mandated by the Employees Compensation Act.
Who should consider it?
- Factories, construction, mining, logistics, and all hazardous operations, Employers engaging contract labor
Key features to understand
- {"heading": "Key Features", "bullets": ["Complies with Employees Compensation Act, 1923", "Covers medical expenses, wages, legal costs", "No-fault liability—payouts even if employer is not negligent", "Can be extended to contractual and casual labour"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.