This is a compulsory insurance cover by law that provides compensation to employees for work-related injuries and diseases contracted in the course of their employment.
Workmen Injury Benefit Act Insurance (WIBA)
What is Wiba Insurance?
- Death – Loss of life (8 years earnings compensation)
- Permanent Total Disablement(PTD): The bodily injury that is totally, irrecoverably.
- Temporary Total Disablement(TTD)/ INCOME REPLACEMENT BENEFIT? : The bodily injury that prevents you from engaging in your occupation for a period not exceeding 52 weeks
FAQ
What are the cover benefits?
- Death – Loss of life (8 years earnings compensation)
- Permanent Total Disablement(PTD): The bodily injury that totally, irrecoverably.
- Temporary Total Disablement (TTD)/ INCOME REPLACEMENT BENEFIT? : The bodily injury that prevents you from engaging in your occupation for a period not exceeding 52 weeks
Who is Eligible to take a WIBA cover.
All employers are eligible to take a WIBA cover for all employees working for them,the employees should be aged between 18 – 70 years old .
Does WIBA cover an employee when at home?
WIBA will only provide cover for an employee while in line of duty and it will only cover occupational illnesses and injuries, for an employee to get covered for 24 HRS they will need to arrange with the employer to take up a WIBA plus(WIBA/GPA) policy.
How much will it cost to get WIBA Insurance?
The cost of WIBA will majorly depend on the profession e.g An engineer will have a different rate from an office person. The rates are guided by the WIBA tariff.
Who receives the policy benefits after a claim?
As this Policy is owned by the Company, on behalf of its Employees, all applicable benefits will be paid to the Company who in turn undertakes to pass this on to the relevant Employee. The employees are therefore reflected on the Policy Schedule as Insured Persons
