The Federal Government has statutorily recommended some classes of insurance policies, compulsory among which is the workmen compensation – closely related to this is the group personal accident.

The policy can be extended to the temporary or total disablement. Medical, surgical and hospital expenses incurred by the insured and also serves as a condition precedent to payment in the event of these incidents. The general practice is to base the scale of benefits on a person’s annual income or on statistics benefit for a particular class of workers.
Human lives being impossible to assess, the insurance will be made to cover all accident on 24 hours cover including occupational accidents.

Medical examination is not required for this class of insurance and valuable premium reduction is allowed according to the number of employees in the scheme. This policy provides a lot of benefits to the employees for accident and sickness arising through and during the course of their employment.