The policy will be taken by the School / colleges / Hostel for students studying in the Institutions. It is important to note that all the students on roll should be covered without exception to provide cover under the policy.
The cover operates on 24 hours basis and anywhere in India
The scheme provides Insurance Coverage as follows:-
1. Accidental death only
Settlement will be 100% on the Capital sum insured
2. Permanent Total Disability (P.T.D) –
Disability arising out of accident resulting in Permanent Total Disablement of hand, feet, eyes. Example :-
|
Permanent total disablement of both limbs or both eyes |
100% of the Capital sum insured |
|
Permanent total disablement of one limb and one eye |
100% of the Capital sum insured |
|
Permanent total disablement of one limbs or one eyes |
50% of the Capital sum insured |