Reg.No.: 22578/059/60
Operated by the NDS Group
A short Introduction to the Student Accidents Insurance Project.
National Development and Service Group Pvt. Ltd. Post Box No.: 11043, Naxal, Kathmandu Phone No.: 01-4438752 Fax 977-1-4439431
" Students' Accident Insurance: Guarantee of Treatment "
Preamble:
Nowadays insurance is accepted as a universally essential thing. Insurance is such a simple and easy way in which one can be safe from a probable risk by paying the prescribed minimum premium. Risk in itself is an unknown and unpredictable matter. Numerous risks might occur in the future. Man wants to be safe always from such risks. Various new forms of risk are being developed in the society. Man is always seeking for the remedial measure of risk either about his personal health or profession, business, factory, vehicles and personal property. Risk cannot be totally abolished but the economic loss caused by the risk can be compensated. Every movement of student life also is being challenged by various risks. The students, being wanton and inquisitive due to their age factor also, have comparatively more accident, injury, and health related risks in their life. Since it is already universally realized that merely insurance can compensate the risk, it is our pleasure to inform you that this NDS Group Pvt. Ltd. is operating the Students Accidents Insurance Project. The main basis of this NDS Group Pvt. Ltd., a legally registered institution being affiliated to one of the distinguished insurance companies of Nepal the Everest Insurance Company Limited is the established assumption of insurance that a nominal amount paid at present can compensate and minimize the probable great loss of future. As such, we would like to humbly request all the guardians, teachers, students and intellectuals to join the Students Insurance Campaign so as to obtain the prescribed compensation of medical cost and loss caused by an accident of your children by paying the following premium through your respective school, college, university. Please join us in regard to our interest to the health of students, the future steersmen. Thank you.
Operated by the NDS Group
1.
Student Insurance Project:
Operator : National Development and Service Group Pvt. Ltd.
Name of Project : Student Accidents Insurance Project. Place of project : It can be operated anywhere within the Kingdom of Nepal. 2.
Main Objectives of Project:
a. The objective of this Project is to provide financial cooperation to the students for medical treatment after accident or infirmity. b. To provide necessary cooperation to the students by making available the benefit of insurance as soon as possible subject to the Rules of Insurance Company in case of infirmity resulted by an accident in any time.
3.
Annual Amount of Premium:
Amount of premium 1. Rs. 150.00 2. Rs. 225.00 3. Rs. 450.00 4. Rs. 900.00
Service charge Rs. 25.00 Rs. 25.00 Rs. 25.00 Rs. 25.00
Total amount to be paid by the student Rs. 175.00 Rs. 250.00 Rs. 475.00 Rs. 925.00
4.
Insurance under Student Group Insurance:
The following insurance benefit shall be made available merely for accident.
Amount of premium Rs. 150.00 Rs. 225.00 Rs. 450.00 Rs. 900.00
Amount of insurance Rs. 75,000.00 Rs. 125,000.00 Rs. 250,000.00 Rs. 500,000.00
Amount to be paid for medical treatment Rs. 10,000.00 Rs. 20,000.00 Rs. 40,000.00 Rs. 80,000.00
Period
Insurance benefit
Remarks
1 year 1 year 1 year 1 year
It shall be as per the insurance policy
The insured shall separately pay the amount of service charge mentioned in Section 3
N.B: Amount of medical cost can be obtained at a time or on installment basis to the extent of its limitation but after exceeding the limitation, an additional premium should be paid to obtain additional amount. 5.
Limitation of Compensation in Percentage:
Benefit of insurance of the insured amount mentioned in Section 4 shall be obtained with the full amount of specified insurance in the case of death, and the following percentage in the case of loss.
Loss Irrecoverable both hands Irrecoverable both legs One hand and one leg 100 loss of 100 loss Percentage of 100 Loss of sense of sight of both eyes Full Full leg Right hand or elbow Left hand or elbow Thumb of right hand 60 50 50 full and irrecoverable loss 100 of one eye Full an irrecoverable loss 75 of both ears Full and irrecoverable loss 50 of sense of sight of one eye and and irrecoverable 100 irrecoverable 100 insanity paralysis of a hand or a Percentage
Full and irrecoverable loss 100
Thumb of left hand Forefinger hand Forefinger of left hand Any other finger right hand of
20
Full and irrecoverable loss 30 of hearing of one ear Thumb of leg Any other finger of leg 5 3
right 15 10
of 6
Any other finger of left 5 hand
6. 7. 8.
Claim of benefit of insurance can be made by the student himself or his guardian through the school/college/university. Benefit in this Project shall be obtained only in the case of death or sickness due to infirmity resulted by the accident. As it is not a life insurance, the insured person shall get renewed by paying the prescribed premium in every year.
9.
Documents to be submitted while claiming:
1) In the case of death a. b. c. d. e. f. g. h. Accident or police report Post mortem report Document of feature of event spot Death Registration certificate Identity card or attested citizenship certificate of deceased person. Attested duplicate copy of letter of verification of relationship and citizenship certificate of the applicant. Attested duplicate copy of judgment of court in case of being filed a lawsuit at the court. Letter of recommendation of the National Development and Service Group Pvt. Ltd.
10.
In the case of medical treatment of injury and infirmity:
a. Attested duplicate copy of identity card or citizenship certificate of the person.
b. c. d. e. f. g.
Admission and discharge card of Hospital. Prescription and bill of purchase of medicine and other receipts. Bill and report of X ray pathology. A certified letter of doctor in the case of permanent infirmity Claim form In the case of accident of a student, the concerned school or college should prepare a document of feature of event spot immediately. The said document should be submitted with other bill and receipts.
h.
Submission of police report shall be compulsory in the case of the state of accident concerned to the Police.
11.
Duration and Age Bar:
In the case of injury or death of an insured person caused by an accident, information in written form should be furnished to the insurance company through this Company as soon as possible within 5 days. This program shall run for full clock. On part of age, insurance of students from 3 years to 30 years old shall be made.
12.
Policy and Rules:
a. Since this program is operated as a project by the National Development and Service Group (Pvt. Ltd., the company shall have privilege to formulate and amend the policy and rules in accordance with the law. b. Only the date of deposit of premium of student at this company by the School shall be deemed as the date of commencement of insurance. No claim can be made in otherwise case. c. The school/college/university, while depositing the amount with name list of students should dispatch A/c payee cheque or draft in the name of this Company.