Student Personal Accident Insurance Policy

Students Group Personal Accidental Insurance or Student Safety Insurance policies are offered to educational institutions such as schools, colleges, etc. for the benefit of their students. The policy is issued under the name of the education institute and the claim is paid out to the guardian or parent of an affected student. Once the institution purchases a Student Safety Insurance, all the students enrolled in the institution will be covered automatically. Institution can add coverage to additional students, by paying additional premium.

Accidental Death Benefit

• Student personal accidental insurance provides 24*7 worldwide coverage for accidental death, even after school or college hours. The student need not to be in school or college to claim. However, the death should not be self-inflicted or a suicide.
• 100% of Sum Insured will be paid to the family of the student in case of death due to accident.
• In case of the death of the insured parent also, family will get 100% of sum insured or on agreed policy terms.

Accidental Disabilities Covered

• Two types of disability i.e. permanent and partial are covered in student accident insurance. Depending on the nature of the disability a pre-fixed amount will be paid to the insured. Permanent total disability includes loss of eye etc. and permanent/partial disability includes knee/back injury etc.
• If the nature of disability is permanent such as loss of limb, full sum insured will be paid by the policy.
• If the nature of disability is temporary, a pre-defined part of sum insured will be paid.

Medical Expenditure

Student personal accidental policy helps in providing reimbursement for hospitalization expenses and medical expenses incurred due to accident or injury to a student or the covered parent.

• In student accidental insurance, medical expenses are payable for both in-patient and out-patient treatments.
• Documents like claim form, medical papers, X-ray reports, pathology reports etc. are required in order to claim reimbursement.

Below is the compensation generally offered under the Student’s Group Personal Accidental Cover bought by educational institutes:

It is important to note that all insurers have different coverage policies, so it's advised to check with your specific insurer for accurate information.

Some of the features provided under the Student Safety Insurance include:

• Cover - Under this policy, the students at educational institute will be covered against loss of one or both limbs, one or both eyes, one limb and one eye, partial disablement/permanent disablement and also the death.
• Policy Period - The Student Safety Insurance policy term is of 12 months
• Policy Amount - This insurance policy is generally offered at a policy amount of Rs. 25,000, Rs. 50,000 or Rs. 1,00,000.
• Renewal - You can approach your insurance provider before the date of expiry of policy and get the same renewed
• Claim intimation - The insurer has to be informed of the accident, death or injury to the insured within seven days of its occurrence.

Buyer should note the the insurance coverage varies by provider, so please consult your insurer or us to confirm what is included in your policy.

The following are exclusions under the policy for which insured cannot make a claim:

• Under the policy students cannot claim multiple compensations from different clauses during the period of disability.
• Any payment made after admission of a claim for 50% / 100% of the Sum Assured
• Claims that exceed the Sum Assured under the policy
• Illegal/criminal acts, suicide attempt, injury or loss caused due to the influence of drugs or alcohol, insanity, etc. is not covered
• Claim related to pregnancy
• Any injury or loss caused due to war or nuclear activities

One has to submit below documents in case of hospitalization due to an accident:

• Duly filed in Claim form by the concerned educational institution (school/ college/University, etc.)
• Claim form/medical report duly filled by the concerned medical practitioner.
• Medical bills and other documents related to the treatment (in originals)
• X-Ray and other diagnostic report, if any
• Certified copy of the Police FIR or Panchnama
• Certified copy of 2 months' attendance list from the concerned educational institute

The following are requirements under the policy for claim death benefits under the policy:

• Claim form duly filled-in by the concerned educational institution (school/college/University, etc.)
• Original Medical bills and other documents pertaining to undergone treatment
• X-Ray and report, if any
• Certified post-mortem report copy
• Certified death certificate copy
• Certified copy of the Police FIR/ Panchnama
• 2 months' attendance list certified by the concerned educational institution