Sri Lanka In­sur­ance pays over 1,600 Su­rak­sha claims for school­child­ren

Daily Mirror (Sri Lanka) - - FINANCE -

The Su­rak­sha In­sur­ance scheme, which was launched by the Min­istry of Ed­u­ca­tion in Oc­to­ber last year, has al­ready proved to be ex­tremely ben­e­fi­cial for the chil­dren of Sri Lanka with over 1,600 claims al­ready paid by Sri Lanka In­sur­ance to-date.

The scheme was in­tro­duced as a gift of free med­i­cal and per­sonal ac­ci­dent cover open to all Sri Lankan school­child­ren and is fa­cil­i­tated by Sri Lanka In­sur­ance, which of­fers the ser­vice through its ex­ten­sive net­work of 150 branches is­land-wide. The in­surer has re­ceived over 4,300 in­sur­ance claims from school­child­ren dur­ing the last four months.

Su­rak­sha con­sists of three main ar­eas - health in­sur­ance, per­sonal ac­ci­dent in­sur­ance and spe­cial ben­e­fits – and cov­ers all stu­dents be­tween the ages of five and 19. Around 4.5 mil­lion school­child­ren from all walks of life study­ing in gov­ern­ment, pri­vate and in­ter­na­tional schools as well as stu­dent priests in pirive­nas are cov­ered un­der this scheme. The scheme works on a re­im­burse­ment of pay­ments ba­sis.

The in­sur­ance cover in­cludes sur­gi­cal and hos­pi­tal­i­sa­tion ben­e­fits of Rs. 200,000 per an­num as well as out­door pa­tients’ ben­e­fits worth Rs. 10,000 for seven se­lected ail­ments. Fur­ther, there is a per­sonal ac­ci­dent in­sur­ance ben­e­fit pro­vided to both stu­dent and par­ents - Rs. 100,000 to be paid upon the sud­den ac­ci­den­tal death of the stu­dent as well as a cover worth Rs. 100,000 in the event of a to­tal per­ma­nent dis­abil­ity and Rs. 50,000 to be paid upon par­tial per­ma­nent dis­abil­ity of the stu­dent.

The in­sur­ance scheme also cov­ers par­ents’ ac­ci­den­tal death where a sum of Rs. 75,000 is paid to the stu­dent for such losses.

Su­rak­sha ben­e­fi­cia­ries are also en­ti­tled to ad­di­tional ben­e­fits such as dis­counts on hos­pi­tal­i­sa­tion, dis­counts on con­sul­tants’ fees, etc.

Launched un­der the theme ‘For­ever pro­tect the chil­dren of the na­tion’, the Su­rak­sha In­sur­ance Scheme will as­sist in both the phys­i­cal and men­tal well-be­ing of all Sri Lankan chil­dren by en­sur­ing fi­nan­cial as­sis­tance in case of ill­nesses, ac­ci­dents and dis­abil­i­ties both in and out of school, en­sur­ing un­in­ter­rupted ed­u­ca­tion for chil­dren.

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