The policy will be taken by the School / colleges / Hostel for students studying in the Institutions. It is important to note that all the students on roll should be covered without exception to provide cover under the policy.
The cover operates on 24 hours basis and anywhere in India
The scheme provides Insurance Coverage as follows:-
Basic cover:
-
Accidental death only
Settlement will be 100% on the Capital sum insured
-
Permanent Total Disability (P.T.D) –
Disability arising out of accident resulting in Permanent Total Disablement of hand, feet, eyes. Example :-
-
Permanent total disablement of both limbs or both eyes
100% of the Capital sum insured
Permanent total disablement of one limb and one eye
100% of the Capital sum insured
Permanent total disablement of one limbs or one eyes
50% of the Capital sum insured
3.Permanent Partial Disability (P.P.D) –
Disability arising out of accident resulting into Permanent partial disablement will be settled as per percentages indicated in the policy. Apart from the disability percentage mentioned in the policy, if the Doctor certifies to the percentage of disability, the claims will be settled as a percentage of the capital sum insured.
- Hospitalization Expenses:
Any expenses incurred as in-patient in a Hospital (for more than 24 hours) arising out of an accident are payable subject to a maximum of Rs.25,000/-.
Premium Quote:
-
Scheme
Coverage
Sum Insured
Premium Per Student
Incl. ST
A
Death + P.T.D. + P.P.D.+ Hospitalization
1,00,000.00
131.10
B
Death + P.T.D. + P.P.D.+ Hospitalization
2,00,000.00
262.20
C
Death + P.T.D. + P.P.D.+ Hospitalization
5,00,000.00
655.50