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  • Student Safety Insurance Policy

    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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