The Director, Higher Education, Bhubaneswar in his letter with reference to Go. No. 5695 dated 26.2.93 of the Govt. of Odisha, has issued instruction regarding the implementation of compulsory Student’s Safety Insurance Scheme, sponsored by the New India Assurance Company Ltd. for students pursuing studies in both degree and junior Colleges. This Scheme ensures insurance coverage for students against death, loss of limbs, permanent disablement, loss of toes, hearing, fingers, etc. during their studentship. The premium fixed at Rs 2/- per annum. Certain major benefits for students under this scheme are as follow.
Death Rs. 100,000/-
Loss of two limbs Rs. 10,000/-
Loss of one limbs Rs. 5,000/-
Permanent or partial disablement Rs. 10,000/-