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
  • SBI Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My friend has recommended me about the life insurance policy from SBI LIFE. I pay the premium amount of Rs. 13,500 in a every quarter. I don't remember aboutsum assured value. The amount is automatically deducted through ECS. Its a money back policy.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 21, 2019
  • LIC
    LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in on 8 years before. The policy is for 30 years. I am paying premium in the yearly package the amount of 36 thousands which is nominal. The total coverage is 15 lakhs. Policy name as Jeevan anadha policy. Charges are applicable and it is nominal.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 21, 2019
  • LIC Life Insurance
    "Good and believable company to take the policy"
    0.5 4.5/5 "Excellent!"
    LIC is a good and very old company so that we believe on the policy holders and all my family members are using LIC so i have taken the life insurance policy with them. Terms and conditions are good in money back policy so i purchased it. I have been paying the premium amount of Rs. 13000 per year. I make my premium by cheque through the agent.
    Was this review helpful? 0
    , asansol
    Reviewed on Oct 20, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken one life insurance policy with Life insurance corporation of India on 6 months before, the agent had clearly explain me about the plan benefits and policy is jeevan santhi, the premium amount i use to pay on monthly basis, so i use to pay the premium amount through an online.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 20, 2019
  • LIC Life Insurance
    "Below Average"
    0.5 2.0/5 "Expected more"
    I have taken a 4life insurance with LIC and doing the premium of around 12,000rupees per annum through online and ECS. Their customer service needs an improvement. They are not good in the benefits. The tenure is 10 and 15years. It was taken for tax and future benefits.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 19, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have started life policy in HDFC LIFE 2years ago, am paying premium of 43K per year and the tenure is 15years. I did not remember the policy name. Am getting the statements within 5mins through my email address when I make the payment through online.
    Was this review helpful? 0
    , kochi
    Reviewed on Oct 19, 2019
  • LIC Life Insurance
    "Security based policy"
    0.5 4.0/5 "Great!"
    My life has been insured with Life Insurance Corporation of India. For the security purpose, i have chosen them. I have been paying the premium amount of Rs. 14000 on a half yearly basis. I'm satisfied with the sum assured amount provided by them. I make the payment through online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Endowment won't give cash benefits."
    0.5 5.0/5 "Blown Away!"
    Earlier i have done the policy from LIC without any reason. I have a endowment plan. I'm paying the premium amount of Rs, 60000 per annum. I'm satisfied with the sum assured amount. Total term period of the policy is 18 years. Its a tax benefits policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have 3policies with LIC because its convenient and one of my friend referred me to LIC so have purchased these policies. I never contacted the customer service and the policies not matured yet. They have well explained the terms and conditions, maturity amount before taking the policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have Life Insurance policy which was taken through LIC agent.This was a Money Back policy and it was taken on the year of 2005 ,I am paying the premium on quarterly basis,I am paying the premium through branch ,I have got all the required details about the policy very clearly and there was no difficulties faced so far ,I have got the policy documents on time .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I am having 4policies with LIC which is Money back and endowment policy. I am doing periodic payment, the total sum assured is 30L. The premium is deducted from my salary, around 9K. The maturity benefits are very good. The tenure is around from 20 to 23 years. It was taken for both future savings and tax benefits.
    Was this review helpful? 0
    , kolkata
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have too many of policies with LIC and its good. The benefits are good and well explained by the agent. The payment mode is ECS and am getting the statements and notification through SMS. Even the agent is doing good support and the plan was taken for future savings purpose.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 17, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance on HDFC LIFE on 5 months before only. The policy is for 20 years. I am paying premium on monthly package the amount which is nominal. While getting a policy my agent has given an information about the policy details. My father has taken an insurance for me. Use to do payment through an online. It covers up to myself only.
    Was this review helpful? 0
    , amritsar
    Reviewed on Oct 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 1.0/5 "Really Bad"
    I have taken Life Insurance policy direclty through LIC agent .I have got all the information abotu the policy very clearly through the agent.This policy is fo the tenure of 25 years and need t pay the premium once in 3 months .I am paying the premium through cheque it will be given to the agent .
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Oct 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    I have availed Life Insurance policy through LIC agent only.This was a Jeevan Saral Policy and the tenure is for 15 years.This was a Money Back policy and the premium is paid on ome time only and it was less .I have got my policy documents on time and got all the relevant details about the policy very clearly through the agent .
    Was this review helpful? 0
    , jalandhar
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    I have taken Life Insurace policy trough LIC agent direclty .Ths was a Money Back policy for the tenure of 20 years .I am paying the premium through online .Premium is very nominal and got all the relevant details about the policy very clearly through the agent I am paying the premium on yearly basis.
    Was this review helpful? 0
    , mainpuri
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have Life Insurance policy which was taken direclty through LIC agent.This was a Jeevan Anand policy which is a Maturity benefit policy for the tenure of 20 years .The premium is paid on quarterly basis and there was no difficulties faced so far when availed this policy.I will be paying the premium through the agent.
    Was this review helpful? 0
    , mumbai
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. The policy is for 15 years. I am paying premium in the quarterly package the amount of 6 thousands which is nominal. While getting a policy my agent has given an information about the policy details. It covers myself and children. It is a jeevan anadha policy.
    Was this review helpful? 0
    , kanchipuram
    Reviewed on Oct 15, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken my life insurance policy from LIC. It was a Jeevan Umang. Its almost 150 years old which covers for 95% and the people invested in LIC is higher when i compared to others. This policy has two benefits one its a life insurance policy and other is pension covered policy. After 60 of years of age, i will get the pension.
    Was this review helpful? 0
    , vellore
    Reviewed on Oct 15, 2019
  • LIC Life Insurance
    "Medium"
    0.5 3.0/5 "Satisfactory"
    One month before I have taken a personal loan so they made to take life insurance with LIC company. On one payment need to do fully. In case if we missed to do payment or for some other reason unable to do from insurance they will claim full amount. Myself applicable for 10 lakhs but taken for 5.5 lakhs.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Oct 14, 2019
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