Is Your Job's Accident Cover Enough in 2025?

J&K Bank has raised its employee accident insurance to ₹1 crore. This is a good moment to check what your own employer's group personal accident cover actually pays out — and whether it's enough for your family.

Here's what happened: J&K Bank has raised its permanent employees' group accident insurance cover to ₹1 crore, one of the higher employer-provided accident cover benchmarks among Indian public-sector banks.. The move came through a formal MoU between the bank and the Jammu & Kashmir government, bundling accident insurance with additional banking benefits for staff.. Most Indian private and public sector employees carry employer group personal accident cover ranging from ₹5 lakh to ₹25 lakh — well below this new benchmark..

What you should do: Ask your HR or payroll team for the Group Personal Accident (GPA) policy document — confirm the exact sum insured and what disabilities are covered at what payout percentage.. Compare your GPA sum insured against 5x your annual CTC — if it falls short, buy a standalone personal accident policy (₹50 lakh cover costs roughly ₹3,000–₹5,000 per year).. Check whether your employer's GPA cover includes permanent partial disability and loss of income riders — many policies only pay on accidental death, leaving disability uncovered..

A personal accident policy is separate from health insurance — it pays a lump sum for disability and income loss, not just hospital bills. Most tax-saving insurance buyers never add one.