One of the most commonly known Mediclaim policies for the students is Vidyarthi by National Insurance Company Limited. This policy has been designed specifically for the students and is the purpose of this mediclaim policy is to provide financial protection and health security to the students all across the country.
Mediclaim policy for students can be used by the students who are studying in any of the registered educational institutions in the country. This policy helps the students by providing them financial security incase of emergency situations dealing with the health of the students or the death or the disablement of the parents of the guardian of the students.
The educational institutes are also authorized to take a group mediclaim policy covering the names of all the students enrolled with the institute in order to enable the students to get the mediclaim cover for a lesser and a much affordable rate. The discounts offered to a group can vary depending on the number of people in the group and they mainly range from 10% to 30%.
The Mediclaim policy for students has various features which cover the accident of the student, accident, total disablement or the death or the guardian or the parent as well as the hospitalization expenses of the student.
The maximum cover that is offered to an individual is Rs 4 Lakh usually where as the minimum is 50,000 rupees. The student’s guardian will also be eligible to get his or her income tax deduction. Once the student turns 25, he or she will be out side the purview of the policy. He or she will be able to take all the benefits of the policy if there is no break in the continuity.