Bankbazaar

Student Safety Insurance Policy

This policy can be availed by any educational institute in order to provide coverage to students. The institute will have to pay premiums, and the cover is paid to the guardian or the parent in case something happens to the student.
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Student Safety Insurance policies are offered to students and can be availed by educational institutions such as schools, colleges, etc. for the benefit of their students. This policy is issued under the name of the educational institution and the claim is paid out to the guardian or parent of an affected student. Once the institution purchases a Student Safety Insurance, all the students in the institution will be covered. In order to cover additional students, the institution will have to pay additional premium.

Benefits Offered Under the Student Safety Insurance Policy

Permanent Total Disablement (from other injuries than the ones mentioned below) Rs. 10,000
Loss of both limbs and both eyes Rs. 10,000
Loss of one limb and one eye Rs. 10,000
Loss of one limb Rs. 5000
Loss of one eye Rs. 5000
Death Rs. 10,000
Permanent partial disablement Limit of up to Rs. 500 per accident (capital benefit Rs. 10,000)

Features of Student Safety Insurance Policy

  • Cover: Under this policy, the students will be covered against loss of one or both limbs, one or both eyes, one limb and one eye, partial disablement, permanent disablement and also in the event of death.
  • Policy Period: the Student Safety Insurance policy covers a period of 12 months.
  • Policy Amount: This insurance policy is offered at a policy amount of Rs. 25,000, Rs. 50,000 or Rs. 1, 00,000.
  • Renewal: In order to renew the policy you can approach your insurance provider before the date of expiry of the same.
  • Claim intimation: Generally, the insurance provider has to be informed of the accident, death or injury to the insured within seven days of its occurrence.

Eligibility of Student Safety Insurance Policy

All the registered students in the educational institution that avails this insurance scheme are eligible to avail the personal accident benefits offered under the same.

Student Safety Insurance Policy Exclusions

The following are exclusions under the policy for which you cannot make a claim:

  • During the period of disability, the student cannot claim multiple compensations from different clauses under the policy.
  • Payment made after claiming 50% - 100% of the Sum Assured will be excluded.
  • Claims that exceed the Sum Assured under the policy, in the same time of availing the insurance, will be excluded.
  • Suicide attempt, illegal/ criminal acts, injury or loss caused due to the influence of drugs or alcohol, insanity, etc. is not covered under this policy.
  • Any claim related to pregnancy is not covered under this scheme.
  • Any injury or loss arising out of war or nuclear activities is also excluded from the cover.

Documentation

The following documents will be required to claim the benefits under this life insurance policy:

For Death Caused by an Accident

  • Claim form duly filled by the concerned educational institution (school/ college, etc.)
  • Medical bills and other documents pertaining to the treatment (originals)
  • X-Ray and report, if any
  • Certified post-mortem report copy
  • Certified death certificate copy
  • Certified copy of the Police FIR/ Panchnama
  • Certified copy of 2 months’ attendance list from the concerned educational institution.

For Injury Caused by Accident and Consequent Hospitalization

  • Claim form duly filled by the concerned educational institution (school/ college, etc.)
  • Claim form or medical report duly filled by the concerned medical practitioner.
  • Medical bills and other documents pertaining to the treatment (originals)
  • X-Ray and report, if any
  • Certified copy of the Police FIR/ Panchnama
  • Certified copy of 2 months’ attendance list from the concerned educational institution.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Student Safety Insurance Policy Reviews

Page 1 of 50 1 2 3 4 5
  • LIC Life Insurance
    "Good Service"
    0.5 2.0/5 "Expected more"
    I have Life Insurance policy which was taken through LIC agent .This is a money back policy it is for the tenure of 15years paying the premium on yearly basis ,I am paying the premium through online ,The premium is nominal and got all the required details about the policy through the agent .
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 17, 2019
  • LIC
    LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy through LIC agent only .This policy is a Maturity policy and this is a children plan it is for the tenure of 20years ,The premium is paid on yearly mode and the premium amount is Rs.24000.I have not faced any difficulties as well.I have got all the details about the policy through the agent .
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 4.5/5 "Excellent!"
    I am holding the life insurance policy with LIFE INSURANCE CORPORATION OF INDIA since from last 10 years, the maturity period is for 25 years and premium paying for yearly once. This gives the coverage for family. The executive explained details and hard copy shared.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have takwen Life Insurance policy throguh LIC agent only .This policy is a Maturity policy and this is a children plan it is for the tenure of 20years ,The premium is paid on yearly mode and the premium amount is Rs.12000.I have not faced any difficulties as well.I am very much comfortable with the service .
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "BEST"
    0.5 5.0/5 "Blown Away!"
    I have purchased the policy and using it since from last 2013 and the name of policy is JEEVAN LABH the benefit of this policy is they give the good returns. The maturity period is for 25 years and premium paying for monthly once through ecs. The sum assured amount of 15L rupees. The coverage is for accidental also death coverage.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken some life insurance policy with Life insurance corporation of India from long time, the agent had clearly explain me about the plan benefits and policy coverage, the agent is my friend only he had suggested some policy where i can get good benefits, the premium amount i use to make on monthly basis, it use to get auto debited from my account.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good"
    0.5 3.5/5 "Pretty good"
    I have taken a life insurance in LIC before 20 years. The policy is for 30 years which I have taken for jeevan andha. Now I am paying premium in the quarterly package. While getting a policy my agent has not given much information about the policy details and provided documents. I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC before 9 years. The policy is for 20 years. Now I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details and provided documents as well. I use to do payments through an online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the JEEVAN ANAND policy and the JEEVAN SARAL policy with LIFE INSURANCE CORPORATION OF INDIA where the maturity period for 25 years, the premium paying for 3 months once. The policy coverage is for self and it is the good policy to use.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Good and trustworthy policy"
    0.5 5.0/5 "Blown Away!"
    I have bought a life insurance policy from LIC since its a Government based company and best option in India. I have chosen them. The policy which i have taken is not available right now. I have been paying the premium which is convenient for me. This is tax benefiter to me. I have chosen the yearly payment mode.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Plan is good"
    0.5 5.0/5 "Blown Away!"
    Earlier i had taken the policy from LIC. Since its a long term company and Government undertaken company hence i have chosen the policy. Lockin period of the policy is 12 years. I paid the premium amount of Rs. 2700 every quarter. I got the returns perfectly. I have bought the loan and closed the policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • Exide Life Insurance
    "Short period payment policy"
    0.5 4.0/5 "Great!"
    I have purchased a life insurance policy from Exide. I need to pay the premium for first 3 years. After 10 years, i will be getting the returns. I will be getting the maturity of 10 times greater. When i was working as a advisor, i have chosen the policy. I used to pay the premium in their branch. I am paying the premium amount of Rs. 50000 yearly.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "GOOD POLICY"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with LIC from 2012 and the name of the policy is JEEVAN ANAND which has the maturity period of 26 years and I am paying a premium of 6000 rupees and above for 6 months once. The policy has a coverage for the family.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • SBI Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am holding the life insurance policy with SBI LIFE where i have purchased the MONEY BACK policy but i got no money back so far with this policy. The policy gives the coverage for self also the premium paying for self. There is no issues with the policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken the MONEY BACK policy with HDFC LIFE and using from last one year. The policy coverage is for self added on that the policy maturity period is fir self, i have got no cash backs so far with this policy. Premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the JEEVAN ANAND policy with the LIFE INSURANCE CORPORATION OF INDIA the policy has the maturity period of long term and the policy coverage is for self. I am holding the policy from last 9 years, premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using life insurance with Life insurance corporation of India , and the premium they use to charge me was nominal they have charged me up to 2500 and it use pay my insurance premium through on line itself, there agent had explained me clearly about the the policy and coverage in this policy, overall service is going smoothly.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I have been using my life insurance with Life insurance corporation of India, there service is good, the agent had explain me about the policy coverage,and about plan benefits clearly, and the premium amount they have charged me on yearly basis up to 5000 premium amount it use to get auto debited from my account.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC before one year. The policy is for 15 years. Now I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents as well. This policy covers up to myself.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 15, 2019
  • LIC Life Insurance
    "Good"
    0.5 4.5/5 "Excellent!"
    I have taken a life insurance in LIC before 5 years. The policy is for 20 years. Now I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details but still I have not receive the hard copy documents. Some times I do a payments through an online or else I provide amount to brother since he is an agent for this policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jun 15, 2019
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