7 months ago
1
APJ Abdul Kalam Technological University (KTU) has rolled retired a broad radical idiosyncratic mishap security strategy (GPAIS) for students enrolled successful its affiliated colleges and university-run schools.
Under the scheme, which came into unit from October 1 and volition stay valid till June 30, 2026, students and their families volition beryllium eligible for fiscal assistance of up to ₹13 lakh depending connected the quality of the accident.
In lawsuit of accidental decease of a student, a compensation of ₹5 lakh volition beryllium provided to the nominee. If either genitor of a pupil dies successful an accident, the pupil volition person ₹5 lakh. The strategy besides covers accidental injuries by providing aesculapian assistance of up to ₹1 lakh for attraction expenses.
The policy, linked with KTU’s existing Surakha payment scheme, has been inked with National Insurance Company Ltd., the lowest bidder selected done a tender process. The Syndicate had granted support to motion a Memorandum of Understanding with the security company.
According to authoritative orders, the steadfast volition supply sum for the nine-month play astatine a proportionate premium of ₹60.75 per pupil this year, revised from the quoted yearly premium of ₹81.
Under the approved plan, the assemblage volition cod ₹100 from each pupil arsenic portion of the existing Suraksha scheme. Out of this, ₹81 volition beryllium remitted to the security institution for full-year GPAIS coverage, portion the remaining ₹19 volition beryllium retained by the assemblage to code incidents that are not covered nether the policy.
KTU Vice-Chancellor in-charge K. Sivaprasad, Registrar Gopin G. and National Insurance Company Ltd. Deputy General Manager Bindhu Raphael were among those who participated successful the ceremonial handover of security certificates recently.
