Benefits and coverages under Student Safety Insurance
The student safety insurance policy is offered to students and can be availed by educational institutions such as schools, colleges, etc. In case any unfortunate events such as death, temporary or permanent disability, etc happen to the student, the claim is issued under the name of the educational institution and is responsible to pay premiums. Also, the parents or guardians of the affected students mentioned in the school register receive the claim payout. Let’s learn more about its benefits, features and coverages through this blog post.
Salient and Key Features of Student Safety Insurance Policy
- Student safety insurance covers the students against loss of one or both limbs, one or both eyes, one limb and one eye, partial disablement, permanent disablement and even in the event of death.
- It covers a period of 12 months.
- If you want to renew the policy, you can proactively approach the insurance provider before its expiry date.
- It’s generally important to inform your insurance provider of any accidents, deaths or injuries that occur, within seven days of their happening. This guarantees your ability to file a claim and receive the coverage you rightfully deserve.
Benefits of Student Safety Insurance
| Permanent Total Disablement | Rs. 10,000 |
| Both limbs and both eyes | Rs. 10,000 |
| Loss of one limb and one eye | Rs. 10,000 |
| Loss of one limb | Rs. 5000 |
| Lost one eye | Rs. 5000 |
| Death | Rs.10,000 |
| Permanent Partial Disablement | Limit of up to Rs. 500 per accident |
Who Can Take this Insurance?
All the registered students in the educational institutions can avail of this policy claim and, consequently, enjoy the benefits offered under the same policy.
Policy Exclusions
- No multiple compensations from different clauses under the policy during the period of disability.
- Claim that exceeding the capital sum insured in the same period.
- This policy excludes suicide attempts, illegal/criminal acts, injuries, or losses caused under the influence of drugs or alcohol.
- “We will not include payment if you claim 50 to 100% of the Sum Assured.”
- This scheme does not include any claims related to pregnancy.
- Furthermore, the policy cover excludes any loss or injury caused by nuclear activities or war.
Contact SecureNow for the best comprehensive package of educational institution insurance, which is specially designed for schools, colleges, universities etc. From property insurance to student accident insurance, we assist you in settling claims faster. Furthermore, based on the provided inputs and understanding of your situation, we assist you with the best quotations instantly.
About The Author
Mayank Sharma
MBA Finance
He is a professional who brings extensive knowledge and expertise to the field of group health insurance. He has dedicated 7years to helping individuals and businesses navigate the complexities of insurance. Having worked closely with numerous clients and insurance providers, he deeply understands the nuances of group health insurance policies. With a reputation for providing insightful and informative content, he leverages his industry experience to educate readers about the importance of group health insurance and its benefits. Through their articles, Mayank Sharma aims to empower individuals and businesses to make informed decisions about their healthcare coverage, ultimately promoting healthier and more secure communities.
