VIDYARTHI – MEDICLAIM FOR STUDENTS
This is a new policy designed for students in registered educational institutions within India to provide financial protection towards their Hospitalization and continuation of studies in case of death / disablement of the parents / legal Guardian.
Educational institutions are also eligible to take group policy covering named students enrolled with them.
Policy highlights –
Policy Coverage – The policy has been divided into 3 sections, to cover – Hospitalization expenses of the student, Personal Accident (Death / Permanent Total disablement) of the parent / legal guardian of the insured students and also personal accident of the student.
Sum Insured – ranges between Rs.50000/- to Rs.400000/-
Low Premium : The premium for hospitalization expenses is substantially lower compared to the standard Mediclaim Policy
Tax Benefit : The insured students guardian will be eligible for deduction under Sec 80D of the income Ta Act, 1961
Cashless access service : The policy will be serviced by authorised TPA’s (Third Party Administrators) for hospitalization. Cashless access service available through Network hospitals/ nursing homes subject to pre-authorization of TPA for hospitalization claims.
Accrued Benefits : On attaining the age of 25 years the student would be outside the policy’s purview and all accrued benefits would be available to him/her under standard mediclaim policy provided there is no break in continuity of cover.
Cumulative Bonus or Discount : Availability as per policy conditions.
Group Discounts : Ranging from 10% to 30% depending on group size.
for details , please contact your nearest NIC Office
National Insurance Company Limited
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