Universal Sompo Surva Vidyarthi Bima Yojana Plan Benefits, Feature, Buy & Review

Eligibility for Universal Sompo Surya Vidyarthi Bima Yojana

If you’re a citizen of India and you’re over the age of 18, you’re eligible for the Universal Sompo Surya Vidyarthi Bima Yojana (USVBY). This government-sponsored scheme provides you with a range of benefits, including insurance against natural disasters, free access to healthcare, and financial assistance for educational expenses. You can find more information on the website of the relevant department or by calling 1300-66-66. If you’re not sure whether you’re eligible, or if you have any questions about the scheme, don’t hesitate to speak to a representative.

Potential policyholders who wish to choose the Universal Sompo Surya Vidyarthi Bima Yojana must meet the following eligibility requirements:

• Students over the age of three are eligible to take advantage of this policy’s coverage.
• The maximum age at which staff members can apply is 65.
• The benefit can be select by the insured according to their needs. The amount of the premium is calculated accordingly.

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Features of Universal Sompo Surya Vidyarthi Bima Yojana

Do you want to save on your energy bill? Sompo Surya Vidyarthi Bima Yojana (SSVBY) is a government-backed scheme that offers you a range of benefits, including discounted rates on electricity and gas, and access to home loans and insurance. Here’s everything you need to know about SSVBY, including how it works, the benefits it offers, and how to apply. Ready to take advantage of these savings? Let’s get started!

The following are some of the features included in this policy:

• Medical expenses, property damage, death, and disability are all covered by this policy.
• With the help of additional extensions, the benefits that are included in the standard coverage can be made better.
• The insured can set a voluntary deductible and receive discounts on their premiums based on the amount they choose. Discounts for voluntary deductibles are limited to 15%.
• If a policy covers more than 100 people, you can get a discount for the group. Depending on how many people are signed up for the insurance, you can get a discount of up to 30 percent.
• If the school’s property contains fire extinguishing appliances, an additional discount of up to 10% is offered. This only applies if the fire cover is selected.
• If coverage is selected “on premises basis,” this policy offers a discount of up to 25%. This means that only losses that occur on the insured’s property are eligible for compensation from the company.
• At the underwriter’s discretion, the sum insured amount selected at enrollment can be increased upon renewal.
• Pre-existing conditions will not be covered by the hospitalization coverage for up to 48 months of continuous coverage.
• This policy does not cover illnesses contracted within the first 30 days of the policy’s start.
• Medical expenses incurred prior to admission to the hospital are covered for up to thirty days.
• After discharge from the hospital, medical expenses are covered for up to sixty days.
• For expenses incurred under particular circumstances, various sublimits are established. For example, the cost of treating cataracts is limited to Rs. 10,000 per eye.

Benefits of Universal Sompo Surya Vidyarthi Bima Yojana

The Universal Sompo Surya Vidyarthi Bima Yojana provides benefits in three categories. A is the personal accident coverage, and it is require of all subscribers. Coverage for medical expenses is provided by B, and protection against fire and other property damage is provided by C. Depending on your preference, you can take either of these two sections. The following is a list of the benefits that come with this policy:

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• Section A

B

Section C

Exclusions of Universal Sompo Surya Vidyarthi Bima Yojana

The government of India has announced the exclusion of certain districts from the Universal Sompo Surya Vidyarthi Bima Yojana (USSVB). The USSVB is a government-sponsored scheme that offers a premium subsidy to residents of select districts in India.

The following list of exclusions apply to policyholders who have taken Universal Sompo Surya Vidyarthi Bima Yojana:

Section A

• Purposeful self-injury, self destruction, or self destruction endeavor
• Passing or handicap brought about by labor, pregnancy, or related results
• Passing or handicap caused while affected by medications or liquor
• Misfortunes brought about by Helps, HIV, or other physically communicated infections
• Passing or handicap brought about by war, intrusion, or openness to radioactive materials
• Passing or handicap caused because of cooperation in outrageous games or unsafe exercises
• Passing or handicap caused while violating the law with criminal purpose

Part B

• Sicknesses named a pestilence by the public authority
• Wounds brought about by war or warlike exercises
• Cost of outside clinical guides like exhibitions, contact focal point, listening devices, and so on.
• Any sorts of corrective or stylish medicines
• Dental medicines except if required by a mishap
• Recuperation, general weakness, or run down condition
• Costs for nutrients and tonics except if they structure a piece of treatment
• Costs connected with naturopathy treatment, problematic or trial medicines, and so on.
• Injury or illness brought about by atomic openness
• Any non-clinical costs brought about during emergency clinic stay

Section C

• The first 5% of every single case subject to at least Rs.10,000
• Property misfortunes brought about by war or attacks
• Any misfortunes brought about by contamination or pollution
• Any misfortunes caused because of mobs or other malignant harms
• Any misfortunes caused because of seizures of nature

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Additional Benefits

On premise Cover (Relevant for A): markdown of 25% will be offered on the off chance that safeguarded individual select the Strategy on “On premises premise” On Premises would incorporate and mean:

• Unintentional Dangers to the Understudies
• The arrangement gives cover against pedal cycle and loss of individual having a place inside premises as it were.
• Monetary help to assist understudy with heading out to the premises from the spot of home and afterward back, in the event that understudy is certainly not an occupant inside the Premises, for the reason participating in exercises did by the Instructive Organization/Schools.

Content Insurance (Material for Section A):

The Contract likewise accommodates home substance insurance up to Rs 15,000 against criminal and fire and united risks is taken by every one of the Guardians to serve the Kid going through examinations at no extra payment under the Contract. Restoration Worth Proviso (Material for C): On installment of extra exceptional, the Organization will repay the Safeguarded Instructive Foundation for cover against fire and unified risks on reestablishment esteem premise for example there wouldn’t be any allowance for devaluation while settling claims.

Claim Procedure

For every one of the cases referenced over, the case method begins with hint to the organization about the possibility. All reports and confirmations connected with the case should be submitted inside a limit of 30 days from the date of hint. The accompanying rundown of records may be expected by the organization while documenting the case:

Part A

• Death certificate or disability certificate (whatever is applicable)
• FIR copy
• Panchnama
• Post mortem report (if applicable)
• Medical report
• Original bills

B

• Medical bills
• Diagnostic reports
• Discharge summary
• Original medical bills
• Cash receipts, prescriptions, etc.

Part C

• FIR copy
• Fire brigade report
• Final bills of repairs
• Suppliers’ invoice
• Rent agreement (if applicable)

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