Workman Compensation Insurance

Scope of cover-
1.This Policy is issued to Employers to provide compensation to their Employees in respect of accidents and diseases of occupation, whether or not such employees come within the scope of the Workman's Compensation Act, 1923, and subsequent amendments thereto.
Any risk, or any part thereof, for which a rate is not provided in the tariff, must be submitted to appropriate Reg. Offices who fix the Tariff rate for such risks.

Liability covered

2. The Tariff provides for two forms of insurance viz :-
Table A- Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the W.C. Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.

Table B - Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law. (Table B policies may not be issued to cover employees who fall within the definition of Workmen under the Workmen's Compensation Act, 1923 as amended).

No Policy is to be issued to cover liability in excess of that provided by the Tariff forms of Policies and Endorsements unless specifically authorized.

3. (a) No policy is to be issued which covers only a portion of the legal liability except in the case of Insurances (I) to cover fatal accidents only in Coal Mines (ii) in respect of risks situated in Karnataka State where under no liability is to be assumed in respect of Miners Phthisis or Silicosis under the Mysore Workmen's Compensation Regulation.

All Employees to be included:

(b) When table A policy is issued all employees coming within the provision of the WC Act 1923 and subsequent amendments by the said Act must be included. In the case of employees in Private employee a policy may be issued covering any class of servants for which separate rates are fixed provided that class are included in the policy.

N.B.1 In the case of public Bodies and/or Municipalities, it is, however, permissible to insure complete Sections or Units thereof separately as individual risks, such as Power Houses, Water Works, Gas Works, Transport Service, Sewage, etc. provided all the employees who are entitled to the benefits of the Workmen's Compensation Act, 1923, of the Department or Unit concerned are included under the terms of any Policy issued in respect thereof.

N.B.2 In the case of risk coming under the purview of the Employees State Insurance Act 1948 it is however permissible to issue separate Table B Workmen's Compensation Policies covering those members of the staff, who are not employees within the meaning of that Act, provided all such employees in the Insureds service are included therein.

Terms of Insurance:

4. (a) All policies are to be issued for 12 months except that;

(1) Policies may be issued for a period in excess of 12 months where an additional odd period is required to make a policy renewable on a particular date to meet the convenience of the Insured.

(2) Policies may be issued for a period less than 12 months in cases of specific contracts or work which will be completed in less than 12 months provided policies be written for the full period involved.

All premiums must be paid in advance for the full term of the Policy.

Accepting or agreeing to accept of premiums by installments is not permitted.