Group Personal Accident Insurance is usually acquired in the name of a company to cover all employees or some specified employees. An employee or the beneficiary under the policy can obtain compensation according to the sum insured if he/she sustains injury or fatal injury due to an accident during employment.

In order to retain key staff, listed companies or even small and medium-size companies will offer this kind of insurance to their employees as one of their fringe benefits especially for those employees with frequent business trips.