What Is The Full Form Of GPA In Insurance?
GPA Full Form in Insurance is Group Personal Accident. This kind of policy is a super important one in offering financial backup if someone in the group gets injured, becomes disabled, or, heaven forbid, worse. Unlike those policies that focus on just one person, GPA insurance spreads its protective wings over everyone in the group, safeguarding against the monetary blows of unforeseen mishaps, you know?
Coverage Details:
Typically, it includes a trio of benefits: accidental death, permanent total disability, and permanent partial disability coverage. Let’s say someone suffers a major accident. Here’s where GPA insurance swoops in, covering hefty expenses from hospital stays, surgeries, and the road to recovery. And in the gravest scenarios of accidental death, the policy ensures that a lump sum finds its way to the nominee.
Why Opt for GPA Insurance?
First up, it’s your financial fallback for accidents leading to death or disability, easing the stress of medical expenses and lost income down the line. It’s all-encompassing, covering everything from hospital admissions to the care needed after you’re back home. Got temporarily sidelined by an accident? No worries at all, GPA insurance has your back, stepping in to supplement your income while you recover.