Group Insurance Products

Group Mediclaim Policy

GMC is a packaged medical insurance policy whereby we can cover a large group of people under a single umbrella with affordable premiums. It helps the employer in fulfilling his moral responsibilities towards his employees.

  • It is a named policy whereby you have to provide a list of names of the employees in the organization
  • Employees leaving / joining the firm in the middle of the year can be excluded / Included respectively in the policy.
  • Premium for the employees may vary based on their age group
  • You can cover various employee groups for different sum assured based on their designation in the organization
  • Families of employees can also be covered with additional premium
  • There is a minimum number of members required to be covered to avail this policy, this number can range from 20-100 members.
  • All the conditions and diseases are covered from day 1 with no waiting periods applicable
  • Tax benefits under section 37(1) is available.
  • Cashless facility is available.

Group Personal Accident:

Certain Coverages not included in Group Mediclaim but covered under Group Personal Accident policy are as follows:

  • Accidental death
  • Permanent Partial Disability
  • Permanent Total Disability
  • Temporary Total Disability
  • Medical expenses due to accidental Hospitalization
  • Medical evacuation
  • Child’s Education Expenses
  • Loan Protector
  • Daily Cash Benefits

Workmen Compensation

As per the Workmen Compensation Act in India, the main employer or contractor is liable to pay compensation to employees in case of death, bodily injury or occupational diseases sustained to employees at the workplace. Workmen Compensation Insurance aids the employers in fulfilling their obligations without disturbing their finances.

It protects the employer against liabilities arising because of:

  • Death
  • Permanent Partial Disability
  • Permanent Total Disability
  • Temporary Total Disability
  • Medical expenses arising out of any injury occurring at workplace
  • Legal costs arising because of any accident

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Torin Wealth Management, G1-B, International Trade Center, Majura Gate, Surat - 395002.


Phone: 0261 4041122