Group Accident Plan for students which also started getting good response from schools. Private institutions are more aware about this policy. Students are always venerable to the accident, so they should be insured. Policy also insures parents as well as school staff. It covers Death and Permanent Total Disablement arising out of accident.

Sometimes students left the institutions without completing desired course. In most of the cases reason why students left institution is because of loss of bread-earning parent in accident. This situation can now be avoided by this new GPA policy.

Educational Segment-Group Accident Plan.

Benefits: 

1) Education Continuity Plan (Parental Coverage)

·         Sum as per the fee structure of school ensures students gets continuous and quality education from schools even after happening of unfortunate events

·         If earning parent meets with an accident results in death, then this plan make sure that fees, book & uniform expenses of students will be paid by insurance company.

·         If any accident results in Permanent total disablement which prevents him from gainful employment still it would be cover under this policy.   

2)      Accidental Death and Dismemberment- Students & Staff

·          Insured amount is payable for accidental death or an accident which results in severance of body parts. Payment is given to parent\ guardian.

·          Plan also covers teaching and non-teaching staff for accidental death or injury.

      3)  Accidental Medical Expenses- Student & Staff.

·         Medical expenses which results from accident such hospitalization and out-patient are covered.

·         Expenses are covered at Institution, travel from institution to home, during picnics, trekking camps etc.

 4)     Weekly Benefit for Staff.

·         If any accident resulting a condition which prevents teaching and non-teaching staff to attend official responsibilities.

·         Then 1% of sum insured will be payable per week for maximum 52 weeks

Schools are very happy with insurance cover of Tata AIG because of its service and simple procedures. The advantage of this plan it’s not only it cover students but it also cover parents and staff of schools.