WIBA Insurance
This is a combination of the workmen injury benefit act (WIBA) and Group Personal Accident (GPA) covers, intended to give an employer a one stop solution for employee insurance. It addresses the workplace risk as well as off-duty risks. While payout under the WIBA section is standard as per the Act, benefits under the GPA cover can be tailored to suit individual needs – say multiplier on 3, 5, or 8 years. Work Injury Benefit as set out by an Act of Parliament. Every employer is bound to compensate employees for any death / injury while on duty. Payment is for Death, Disability, and Medical expenses and funeral costs. The Ministry of Labour office administers all claims under this act and directs the employer on amounts payable.