Life Insurance for Student and Guardian

It has been observed that many students faced accidents or premature death while studying. As a result, the family as well as the student have to face huge suffering both mentally and financially. Sometimes the family has to face huge medical expenses also. To provide support to the affected families and for continuation of the education of the affected students uninterruptedly, Daffodil International University introduced ‘Students Life Insurance’ since 2016 in Death, Accidental Death and Permanent Total Disability of student. Initial sum at risk up to BTD 2,50,000/-.

Benefits:

Benefits of the insurance are as follows:

Terms and Conditions:

To avail Students life insurance following terms and conditions must be followed:

1. Age limit of students must be Minimum 18 to Maximum 34 years.
2. Accidental death will not be paid in case of death due to murder, suicide, self-inflicted, intake of poison, intentional or unintentional, Riot, commotion, civil disturbances, any unlawful activities, infection, participation in sport, journey in submarine and any irregular airlines.
3. Occurrence of death /disability of insured student of DIU shall be notified as soon as possible but not later than 120 days from death /disability.
4. The claim of insurance shall be declined in case of concealment of material fact/miss statement (such as not mentioning existing or previous illness, medical treatment, correct age, dangerous habit and other information/statement found in health questionnaire).
   

How to register for student life insurance:

Registration for student life insurance is processed at the time of admission at admission and counselling section.

How to claim insurance money:

Office of the Treasurer looks after the insurance matters and process for the claim. Following documents shall have to submit to claim insurance money. All necessary documents have to submit to Office of the Treasurer of Daffodil International University to claim insurance money.

Normal Death:

1. Copy of student Id card
2. Copy of SSC certificate/NID card/Passport
3. Death certificate from registered MBBS doctor
4. Death certificate from City Corporation/UP chairman

Additional Documents for Accidental Death:

1. Post Mortem report
2. FIR report will required along with death certificate

Permanent Total Disability benefit:

1. Doctors certificate regarding disability along with X-ray report with film
2. Discharge certificate from Hospital (when applicable)

It has been observed that the guardian of many students get into an accident, major diseases or premature death while studying. As a result, the family as well as the students are affected financially. Sometimes the family has to face huge medical expenses also. Many times there is an attempt to stop studying. To provide support to the affected families and for continuation of the education of the students uninterruptedly after death of guardian, Daffodil International University introduced ‘Guardian Life Insurance’ since 2019 in Natural Death, Accidental Death and Major Disease. Initial sum at risk up to BTD 3, 00,000/-.

Benefits:

Benefits of the insurance are as follows:

Terms and Conditions:

To avail Students life insurance following terms and conditions must be followed:

1. Age limits of insured guardian shall be minimum 35 years to maximum 69 years at entry time.
2. Guardian should be Parents/brother/sister/uncles or anyone who will be determined as a guardian at the time of admission to bear educational expenses during study period of student in DIU. (1^st blood relative of student are appreciable as guardian)
3. Occurrence of death /accident of insured guardian of student of DIU shall be notified as soon as possible but not later than 90 days from death /accident.
4. For major diseases the insured guardian of a student of DIU shall be Eligible for claim at least after 182 days of his admission.
5. Accidental death will not be paid in case of death due to murder, suicide, self-inflicted injury while sane or insane, intake of poison, intentional or unintentional, riot, strike, civil commotion, war, civil war, assault, terrorist act, mutiny, rebellion, revolution, insurrection, military or usurped power any unlawful activities, participation in sport, journey in submarine and any irregular airlines.
6. Making an arrest as an officer of the law, committing felony, accident occurring while affected by alcohol or any drugs/narcotics/psychotropic substances, injury incurred before the effective date of cover of insured guardian will not be paid insurance money.
7. Death due to nuclear contamination; the radioactive, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature are entitled for guardian life insurance.
8. The claim of insurance shall be declined in case of concealment of material fact/miss statement (such as not mentioning existing or previous illness, medical treatment, correct age, dangerous habit and other information/statement found in health questionnaire).

How to apply:

Registration for guardian life insurance is processed at the time of admission at admission and counselling section.

How to claim insurance money:

Office of the Treasurer looks after the insurance matters and process for the claim. Following documents shall have to submit to claim insurance money. All necessary documents have to submit to Office of the Treasurer of Daffodil International University to claim insurance money.

Normal Death:

1. Copy of student Id card
2. Copy of SSC certificate/NID card/Passport
3. Death certificate from registered MBBS doctor
4. Death certificate from City Corporation/UP chairman

Additional Documents for Accidental Death:

1. Post Mortem report
2. FIR report will required along with death certificate

Major Diseases benefit:

1. All relevant diagnosed reports regarding disease certified and confirmed by a specialist/Doctors.
2. Discharge certificate from Hospital (when applicable)