The package’s major objective is to hedge against all risks in schools
The policy is aimed at students/ pupil’s education in event of death or permanent disability of parents or guardians insured. It also compensates for school property upon loss in case of fire, strikes and accidents.
Upon payment of a small percentage termly fees-the pupil/student is entitled to the following benefits;
- School fees payment up to end of the level of education, incase of death or permanent disability of the parent or guardian insured.
- Payment of medical expenses to injured students / pupils. Payment of benefits under property damage expenses. Payment of benefits under last expenses.
- NIC Life will cover risk of loss to both school and student’s property following a fire, strikes at school, natural calamities, burglary and public liability.
- Carry out CSR with the insured institutions whenever need arises