What does GPA mean in INSURANCE
Group Personal Accident (GPA) is an insurance plan designed to provide coverage and financial aid in case of sudden disablement or death due to an accident. Accidents come with no prior warning and can leave the victim and his family stuck with a massive financial burden. GPA cover extends to both individuals as well as groups.
GPA meaning in Insurance in Business
GPA mostly used in an acronym Insurance in Category Business that means Group Personal Accident
Shorthand: GPA,
Full Form: Group Personal Accident
For more information of "Group Personal Accident", see the section below.
Essential Questions and Answers on Group Personal Accident in "BUSINESS»INSURANCE"
What is Group Personal Accident?
Group Personal Accident (GPA) is an insurance plan that provides coverage and financial aid to individuals or groups in case of sudden disablement or death due to an accident.
Who can avail a Group Personal Accident policy?
Group Personal Accident (GPA) cover is available for both individuals as well as groups of people. It can be availed by anyone regardless of their age, gender, and profession.
Are there different types of Group Personal Accident policies?
Yes, there are different types of GPA policies available across companies including Basic Coverage, Comprehensive Coverage, Special Rider Coverage etc.
How much coverage does a typical Group Personal Accident policy provide?
Depending on the type of policy chosen, a typical GPA cover typically provides financial assistance ranging from Rs 1 Lakhs to Rs 20 Lakhs in case of accidental death or disablement.
Does the Group Personal Accident policy also provide medical expenses coverage?
Yes, some plans also include medical expenses coverage along with additional benefits such as emergency evacuation etc..
Final Words:
In conclusion,Group Personal Accident (GPA)cover is important for everyone especially since accidents come without any prior warning leaving people stuck with a huge financial burden. It provides essential protection for individuals as well as group members against unexpected events resulting from accidents which may have severe consequences for the individuals involved.
GPA also stands for: |
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| All stands for GPA |