National Vidyarthi Mediclaim for Students Health Insurance

Vidyarthi Mediclaim Policy for Students is a unique policy designed to provide health and personal accident cover to students aged between 3 years up to 25 years of age. The policy also offers cover for the continuation of the insured students' education in case of death or permanent total disablement of the guardian as a result of an accident. The policy comes in three sections. Under Section I, the policy covers the students for hospitalisation expenses, for sum insured options ranging between Rs. 50,000 and Rs. 2 Lakh. Under Section II, the parents are covered for personal accidents for sums insured twice of the sum insured in Section I. Whereas in Section III, the insured students are covered for personal accidents for the sum insured of Rs. 50,000.

To be covered under Vidyarthi Mediclaim Policy for Students, there is no requirement for pre-policy health check-up. Other advantages of buying this policy is that you can enjoy a cumulative bonus of 5% every year a claim is not made, subject to a maximum of 10 claim-free years, additional transportation cover at no added cost, no loss sharing, tax benefits under Section 80D of the Income Tax Act, 1961. Note that under Section I, the claims are settled on a reimbursement or cashless basis. Whereas in Section II, the payment is done on a benefit basis in case of an accident.