Educational Institution Insurance

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Educational Institution Insurance Advantage

Property Protection
Package policy will cover your institution property against the losses from fire, lightning, riots, flood, earthquake, storm and other special perils. The electrical and mechanical appliances in the premises will be covered against the accidental breakdown. This policy will provide protection to the portable equipment against fire , theft or any other causes.
Secure Your Students
Cover your students against the risk of any accident leading to permanent partial disability, permanent total disability or even death. Also the student’s health is secured under this policy as this policy will pay for hospitalisation expenses of the students. This insurance can also pay for the education of the child if a parent dies. The premium can be paid annually
Cover Your Staff
Employees can be covered in this policy in case of any personal accident leading to disability or death. This package policy also protects you from the legal liability to all employees under Workmen Compensation Act, 1923 and indemnity against legal liability under the Fatal Accidents Act, 1855.
Public Liability Cover
Cover yourself against the third party liability due to any bodily injury occurring in your premises or, loss or damage to the property. This policy will also cover you against direct financial loss suffered on account of fraud, dishonesty or misappropriation by your employees.

Why Claims Get Rejected?

Fraudulent Information

If you provide false information in the proposal form or make a fraudulent claim the Insurance becomes void and all claims forfeited. Claims can also be denied if you hide or omit material facts to reduce premium.

Exclusions

Sometimes the claim gets rejected because the cause of these claims is not covered in the policy. Some of the general exclusions in educational institution package policy are willful act or negligence, warlike operation and civil commotion, nuclear perils and consequential losses.

Non-Disclosure

Non-disclosure of important information may cause the Insurer to deny the claim. For example, if you do not disclose that you have a boarding hostel. This can range from an inadvertent omission that was important to deliberate lapses to reduce your premium.

Why SecureNow

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Insurance

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Quick Turnaround

Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.

Strong Claim Support

We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.

Value Added
Services

We will advice you on risk management best practices.

Policy Administration
System (PAM)

See all your contracts renewal information in one place. Place service requests on PAM.

FAQs

Educational Institution package policy provide wide range of cover to mitigate the risk to your property. This policy is developed specifically for educational institutions and covers risks such as fire, burglary, business interruption and accidental damage.
This policy is specifically designed for education and school business. This policy can be taken by educational institutions including private and charter schools.
Some perils like fire, lightning, earthquake, explosions and implosions, riots, storms and flood are covered under this policy.
The common exclusions under the policy are consequential losses, willful negligence and loss arising out of terrorism
In case you want to file the claim, you must do the following:
  • Inform the insurer within 24 hours of the damage.
  • Inform the police in case of theft and burglary.
  • Inform fire brigade immediately in case of fire.
  • Submit the claim forms and relevant documents to surveyor.

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