Guru Gobind Singh Foundation extend financial security cover to its employees and students studying in various institutes to meet out with any accidental eventuality.
Group Personal Accident Insurance Policy: Employee working in it's Technical Institutes are covered under this policy and financial assistance is provided to individual/family for following conditions arising out accident only:
- Accidental Death
- Permanent Disablement
- Permanent Disablement
- In Hospital Medical Expenses
- Ambulance Cost
- Last Rites
- Dependent Child Education Benefit
Amartya Siksha Yojana Policy : Students pursuing degree and diploma courses in engineering are covered under this policy of Government Of Maharashtra and financial assistance is provided to student to continue his/her education to for following conditions arising out of accident only to insured parent or legal guardian :
- Accidental Death
- Permanent Disablement
- Loss Of Two Limbs Or Two Eyes
- Loss Of One Limb And One Eye
Major expenses covered under this policy are:
- Cost of Tuition Fees, Hostel Rent (inclusive or boarding expenses).
- Permanent Disablement
- Examination Fees.
- Cost of second class rail ticket for the student to attend at the place where the insured parent or legal guardian has met with accident resulting in death/permanent total disablement or the place as stated in the schedule where the insured parent/legal guardian resides.
- Compulsory contribution for festivals, picnic/excursion held in/or behalf of the Department/Institution.
- Cost of compulsory uniform prescribed by the Institution.
- Any other compulsory expenses to be borne under recommendation of the HOD/Head Of Institute.
Both policies offer assistance for situation arising out of accidental death not for natural death.