National Insurance Mediclaim for Students

Mediclaim for Students is designed to provide Health and Personal accident cover to the students. The Policy provides for continuation of insured students education in case of death or permanent total disablement of the guardian due to accident.

This Policy can be availed by Parents/Legal Guardian of individual student in any Registered Educational Institution affiliated to any State Board, Council, University and AICTE or any other Govt. Statutory Authority, within the territory of India. The Educational Institutions may also take a Group Policy covering named students enrolled with them.

The policy coverage is for persons between age group of 3 years to 25 years.

Scope Of Cover

• Room, Boarding expenses as provided by the Hospital/Nursing Home.
• Nursing expenses.              ­
• Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialists Fees.
• Anaesthesia, Blood, Oxygen, Operation Theatre Charges, Surgical appliances(any disposable consumables subject to upper limit of 10% of Sum Insured), Medicines & Drugs, Diagnostic Materials and X-Ray, Dialysis, Chemotherapy, Radiotherapy, Cost of pacemaker, Artificial Limbs and cost of Stents and implants

Other Benefits

• The guardian of the insured will be eligible for deduction under Section 80 D of the Income Tax Act 1961 for the premium paid under this policy subject to limits specified in the Income Tax Act.
• The Policy will be serviced by Third Party Administrators (TPA) for hospitalization expenses.
• Cumulative Bonus- Sum insured under this policy shall be progressively increased by 5 % in respect of each claim free year of insurance subject to maximum accumulation of 10 claim free years of insurance.
  In case of claim under the policy in respect of insured person who has earned the cumulative bonus, the percentage will be reduced by 10% of sum insured at the next renewal. However, basic sum insured will be maintained and will not be reduced.