As per the reports, the university will be paying the entire premium amount for the medical insurance of the students. National Insurance Company (NIC) will be partnering with BU, offering health and accident coverage to PG students.
An annual premium of Rs 582 will be paid by the university for each student. In total, about Rs 20 lakh will be spent in a year. But, the students should not get bothered about this burden, the university is taking the responsibility for this. This is another student welfare move, like the mid-day meals which we introduced recently. The scheme will go by the name ‘Vidyarthi Medical Policy for Students’.
Under the policy, the postgraduate students of the university are eligible to get medical benefit up to Rs50,000. About 3,500 students will be covered by the policy.
The Insurance Policy also promises that in case a student loses his or her family’s breadwinner, he/ she will be provided Rs 1 lakh to continue his/herstudies.