Group mediclaim policy for students offers coverage for pre-existing diseases, no capping on room rent, physiotherapy allowance, hospital cash and many add-ons such as reinstatement of sum insured.
Cost for student health insurance is substantially lower as compared to a standard mediclaim policy because we negotiate with several insurers to get you the best rates with maximum and unique benefits.
You can customise the cover from a wide range of options as per your requirement and budget. For instance, you can opt to cover treatments other than allopathic.
All students are guaranteed cover under this group health plan, even if they have any prior medical conditions or disease since birth. No medical test is required before issuing the policy.
Group Medical Cover for Students also known as Student Group Mediclaim is a type of insurance policy that provides medical coverage for the students enrolled in educational institutions such as colleges, universities, and vocational schools. This insurance policy is designed to provide medical care for students who become injured or ill while participating in school-related activities.
Student Group Medical Coverage policies are typically purchased by educational institutions and offered to students as part of their tuition and fees. The coverage typically includes basic medical care, such as visits to doctors and hospitals, prescription drugs, and laboratory tests. Some policies may also cover specialized care, such as mental health services or dental care.
This insurance policy can be an important safety net for students, especially those who may not have access to health insurance through their parents or other sources. It can provide peace of mind for both students and their families, knowing that they will be covered in the event of an unexpected medical emergency. It's important for students and their families to carefully review the terms and conditions of any Student Group Medical Coverage policy to ensure that it meets their needs. They should also be aware of any exclusions or limitations, such as pre-existing conditions or restrictions on certain types of medical treatment.
Overall, Students Group Medical Coverage can be a valuable resource for students who need medical care while attending educational institutions. It provides an added layer of protection and peace of mind for both students and their families, helping to ensure that they can focus on their studies without worrying about the cost of medical care.
Here are some of the key benefits of Students GMC Policy:
Below noted are some features specific to Student Group Medical Insurance:
The educational institutions may also take Vidyarthi Mediclaim, a Group policy covering named students enrolled with them. Vidyarthi Mediclaim Policy for Students is a unique policy designed to provide personal accident cover to students aged between 3 years up to 25 years of age. Section I of the policy covers the students for hospitalisation expenses, for sum insured options ranging between Rs. 50,000 and Rs. 2 Lakh.
To be covered under Vidyarthi Mediclaim Policy for Students, there is no requirement for pre-policy health check-up. Other advantages of buying this policy are that you can enjoy a cumulative bonus of 5% every year a claim is not made. This is subject to a maximum of 10 claim-free years. Some benefits include additional transportation cover at no added cost, no loss sharing, tax benefits under Section 80D of the Income Tax Act, 1961. Note that under Section I, the claims are settled on a reimbursement or cashless basis.
Any registered Indian educational institute affiliated to AICTE, State Board, University, Council or any Government Statutory Authority cover its students under the group policy.
Students GMC policy covers the cost including:
Group Mediclaim insurance policy for students covers hospitalization expenses such as room charges, nursing charges, medical equipment & appliances cost, medicine cost for students. Policy can be customized to add hospitalization cash, physiotherapy.
therapy allowance, higher room rent limits, waiver of waiting periods, no disease wise sub limits.
Physiotherapy is a treatment used to cure injury, deformity, or diseases by physical methods such as heat treatment, massage, exercise etc. without using drugs or surgeries. It helps in curing problems of joints, muscles or nerves. Under student's health policy, students get this as a benefit upto a certain amount and can claim if they have to undergo this treatment.
A pre-existing disease is the condition or ailment for which patient has already received medical advice or treatment before the commencement of the policy or getting himself enrolled in the policy. For example, diabetes, asthma, cancer etc. It is advised to take pre-existing cover at the time of taking policy for students.
In Student's Group Mediclaim insurance pre-existing medical ailments are already covered. So even if a student is suffering from any ailment will get the coverage. However, there is an option to remove the pre-existing cover from your plan but, it is not recommended to include it because pre-existing diseases coverage from day 1 is one of the important benefits of group health insurance.
A student insurance plays an important role by covering students against a myriad of risks. Here, the cover is issued in the name of educational institutions under the educational institution policy. In case, of any unfortunate event, the claim amount is payable to the parent/guardian, whose name is mentioned in the school record.
There is no exaggeration if we would say that educational institutions are facing more risks than what they were facing a few years before. It is true, keeping the safety of students while offering a conducive learning atmosphere and managing your institution’s reputation is imperative for the success of your school.
A few days ago, a broke out in the girl’s hostel of the School of Architecture and Planning, New Delhi, due to short-circuit.This is not the only instance where educational institutions have to incur losses. In fact, both educators and educational institutions are facing more risks than ever. Whether it is an on-campus crisis, sexual harassments, campus security and safety, the evolving educational methods are presenting a new set of challenges. While it is feasible to take some essential steps to curtail or avoid the losses to some extent, it makes complete sense to opt for an additional cover,
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