The Biju Patnaik University of Technology (BPUT) has decided to provide insurance cover to its students admitted in the academic year 2020-21.
All students in the 160 colleges affiliated by the BPUT would be insured till completion of their courses. About 33,550 students are going to get the benefit, official sources said.
Financial assistance would be provided against unforeseen events such as parents or self due to accident, permanent/partial disability of self or parent, hospitalisation of self, loss of laptop/study material of self, etc.
In case of death of a student due to accident, parents would get Rs 2 lakh while Rs 1 lakh would be provided to a student in case of accident resulting irrecoverable loss of sight of one eye or loss of use of one limb.
Rs 1 lakh would be given to a student who has an accident resulting in grievous injury to any limb.
Reimbursement of the cost up to Rs 50,000 would be extended to a student in case of hospitalisation due to illness/disease/injury.
Moreover, an assistance of Rs 2 lakh would be given if a student or an earning parent/guardian becomes permanently totally disabled because of an accident.
If death of an earning parent/guardian (as per University record) occurs due to an accident, the student is eligible to get Rs 2 lakh.