Student Safety Insurance Scheme
The new India Assurance Company Ltd. has introduced the students safety insurance scheme in educational institutioins with the approval of the state govt. of Orissa. The scheme provides the following conditions.
This scheme is compulsory in all college. The students premimum will be Rs. 2/- per head per annum including remittance charges. The Principal shall collect the amount from each students at the time of admission and keep a separate account of such collection. The amount collected from the students shall be deposited through Bank Draft by the concerned Principal on the head of the New India Assurance Company Ltd., BBSR Branch at A-158 Sahid Nagar, BBSR.
Scope of Cover :– The student will be covered against death, total loss of two limbs or two eyes, total loss of one limbs and one eye total loss one limb or one eye and permanent total or partial disablement.