INSURANCE SCHEME

VIPS has offered Students Group Accident Policy for all the students and staff members. This is unnamed policy and the company does not require the name of each and every student and staff member. The company requires only the name of each and every student and the staff members. The premium amount of Rs. 500/- shall be collected from the students during admission time. The staff members are covered free of cost.

Table below shows the benefits offered by the company:

Sl. No.
PARTICULARS
BENEFITS OFFERED BY THE COMPANY
01
Accidental death & Permanent total
disability for one earning parent
Rs. 5,00,000/-
02
Student accidental death and
dismemberment
Rs. 2,50,000/-
03
Staff accidental death and
dismemberment
Rs. 2,50,000/-
04
Medical Expenses re-imbursement for
students and staff
Up to Rs. 50,000/- per student per
accident (No limit on the number of
accidents) with 10% deductible.
05
Weekly benefit for staff
Rs. 5,000/- per week for a period of
52 weeks.
 
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