Insurance

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: Employees working in various institutes are covered under this policy and financial assistance is provided to individual/family for following conditions arising out accident only:

1. Accidental Death
2. Permanent Disablement
3. Temporary Total Disablement
4.In Hospital Medical Expenses
5. Ambulance Cost
6. Last Rites
7. 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 :

1. Accidental Death
2. Permanent Disablement
3. Loss Of Two Limbs Or Two Eyes
4. Loss Of One Limb And One Eye

Major expenses covered under this policy are:

1. Cost of Tuition Fees, Hostel Rent (inclusive or boarding expenses).
2. Cost of books and periodicals essentially prescribed by HOD/Institute Head.
3. Examination Fees.
4. 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.
5. Compulsory contribution for festivals, picnic/excursion held in/or behalf of the Department/Institution.
6. Cost of compulsory uniform prescribed by the Institution.
7. 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.