Group Accident Insurance is a pure compensation cover where Lump Sum payment equal to Sum Insured is made as compensation in case a fortuitous event resulting in death or disability to any member of the group. It is a best Way under which large number of people are brought under Social Security cover. The purpose of Group Accident insurance is to pay fixed compensation for death or disablement resulting from accidental bodily injury. The personal accident insurance policy provides that, if at any time during the currency of the policy, the insured person shall sustain any bodily injury resulting solely and directly caused by external violent and visible means.