Salient Feature

The policy is basically intended for covering expenses to be incurred after happening of the accidental contingency to the insured parent/guardian of the insured student child for continuation of the insured  students education in respect of the covered course till completion of the course.

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Scope of Cover

1.       The Policy will also cover the first admission fees but will excluded Donation /Capitation Fees if any.

2.       A maximum of two student children can be covered under one Policy in respect of one particular insured Parent and within the limit of one Sum Insured only.

3.       The duration of the Policy issued will be limited to the duration of the covered course.

4.       The student children to be covered under the Policy must be in the age group of 4 to 25 years.

5.       For Group Policy covering  26 and more students, applicable group discount would  be allowed as under :

                 Group  Strength                                                                  Discount

                 Upto         100                                                                          10%

                   101  -      500                                                                          25%

                  501  -      5000                                                                        30%

        5001  -    10000                                                                      40%

6.       On cancellation of policy during the   currency, applicable refund as per  scheme would be  allowed.

7.       Minimum Premium under Ind. Policy is Rs.50/- and Group Policy Rs.100/-

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Premium Rating

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Target Group 

1.                  Parents/Legal Guardian of Individual student in any Registered Educational Institution  affilated to any State  Board, Council, University  and  AICTE or Any other Govt. Statutory Authority, within the territory of India.

2.                  The Educational Institutions may also take a Group Policy covering named Students enrolled with them.

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Beneficiary 

Ultimate Benefit under the scheme goes in the form of payment of  future covered expenses to the insured  student/the live parent/ guardian/the institution whoever actually becomes the claimant for bearing covered expenses.  An assignment clause is attached where the  insured  may specify the beneficiary to avoid dispute.

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Covered Expenses

1.            Cost of tuition fees, Hostel Rent (inclusive of boarding expenses) cost of books and periodicals essentially prescribed by the Head of the Dept./Institution.

2.            Examination Fees.

3.            Cost of to and fro 2^nd Class Rail Ticket for the student to attend  at the place where The Parent has met with the covered Accident or the Place as stated in the schedule Where the Insured Parent/Guardian resides, after the covered accident.

4.            Compulsory donation for  Festivals and Picnic/excursion held in/or behalf of the Institution.

5.            Cost of compulsory uniform prescribed by  the Institution.

6.            Any other compulsory expenses to be borne under recommendation of the Head Of the Dept. / Institution.

7.            During the policy period and before exhaustion of the entire amount of benefit But after occurrence of the covered contingency, if the beneficiary student meets With an Accident, amount of medical expenses incurred can be reimbursed from The unutilised amount.

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