school-insurance

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We offer you our School Insurance Solutions, a combined Insurance Solution Policy for schools and other learning institutions. It covers learning institutions against loss or damage to property, accidental injury or death to students, teaching and non-teaching staff as well as third party liabilities.

Section 1: Fire and Special Perils

The property insured includes all buildings, swimming pools, furniture and fittings, food stock books, lab equipment, and contents of all description against the following risks:

• Fire
• Lightning
• Earthquake
• Flood and storm
• Malicious damage explosion as a result of bursting of domestic gas cylinders and appliances

SUM INSURED
 Annual Premium
5M 
 6,200
10M
12,500
15M 
 18,750
 20M
 25,000
25M
31,250
50M
62,500
100M
120,000

 

Section 2: Burglary (Break In) (This section CANNOT be taken without Section 1)

Under this section, we cover school property like furniture, beds, beddings, lab equipment, books, and food stuffs against loss or damage following forceful and violent entry into the school buildings. This section does not cover theft by employees. The key policy requirement is that there should always be a watchman on duty.

 

SUM INSURED
Annual Premium
2M
10,250
5M
25,500
7.5M
37,500
10M
50,000
12.5M
62,500
15M
75,000
20M
100,000

 

Section 3: All Risk (This section CANNOT be taken without Section 1 & Section 2)

Under this, the cover we provide is specifically for school computers and accessories, school laptops, photocopiers, fax machines, other portable laboratory equipment like microscopes, mobile phones belonging to the school and other electronic equipment. The equipment will be covered against all risks subject to specified exclusions.
*The Indicative premium rate is 1% of sum insured.

Section 4: Public Liability (This section CANNOT be taken without Section 1)

We have designed the Public Liability Insurance to cover third party legal liability claims that may arise in and out of the schools premises. Third Party Claimants are those persons other than employees of the school and students who after sustaining personal injuries and / or property damage, may claim against the school for liability arising from the loss. Some of the injuries may result to death.

 

SUM INSURED
Annual Premium
2M
1,500
5M
2,250
7.5M
3,000
10M
3,700
12.5M
7,500
15M
15,000
20M
37,500

 

Section 5: Fidelity Guarantee (This section CANNOT be taken without Section 1, Section 2, Section 3)

Our Fidelity Guarantee will provide insurance against direct financial losses resulting from dishonest acts of specified employees in the course of employment provided that such acts
are discovered within 6 months. The policy will cover a maximum of two employees. The key policy requirement is that there should be a reference letter from at least two previous employers.

 

SUM INSURED
Annual Premium
50,000
1,500
100,000
5,000
150,000
6,500
200,000
8,000
250,000
9,500
300,000
11,000
350,000
12,500

 

Section 6: Students' Personal Accident

Under this section, we provide monetary compensation in the event that an insured student sustains bodily injury. The injury must be caused by violent, accidental, external, and visible means subject to the option selected by the insured.
Subject to the terms and conditions, the policy will provide benefits under the following categories:

1. Permanent Total Disability

We provide financial compensation to the student as a result of an accident (the extent of disability to be determined by a doctor)

2.Emergency Accidental Medical Expenses

We cover accidental medical expenses incurred by the student. With arrangements, this can be paid directly to the hospital as long as the hospital is a registered hospital.

3. Artificial Appliances

We provide monetary payment for the purchase of artificial limbs following an accident.

This will be as recommended by a medical doctor.

4.Funeral Expenses

We provide payment of a final benefit for purpose of organising funeral expenses. This will be paid within 48 hours for fully documented claims.

5.Tuition Expenses Following An Accident

We provide cash benefits to the injured student in order to cover tuition expenses for time lost while confined in a registered hospital or while recovering in the house.

PLAN
Death
Personal Total Disability
Artificial Appliances
Funeral Expenses
Private Tuition Expenses ( Kshs 500/= payable to the guardian / parent from the fourth day of hospitalization to a maximum of 14 days)

Premium Per Student
Accidental Dental / Optical Treatment
I
50,00
75,00
30,000
25,000
5,000
500
25,000
II
75,000
150,000
30,000
25,000
5,000
670
25,00
III
100,000
300,000
30,000
25,000
5,000
1,050
25,000

 

NOTE:
• The minimum number of groups is 100
• Limits can be customized to suit the needs of the school

Additional Benefits

The following free benefits are applicable to section 1,2,3,4 and 5 only:

• Loss of money in a locked safe or money box up to Kshs 20,000/=
• Loss or damage to school items while on transit Kshs 50,000/=
• Loss or damage to students and guests effects following a fire: Ksh 100,000 per event

The following free benefits are applicable to section 6 only:
• Two free ambulance rescues per year for all life threatening accidents which if not attended to immediately might result to death, or permanent disability.
• Stabilization and treatment on site.
• Transfer to the nearest hospital depending on the nature of emergency.
• Mentorship support during career days. (This free benefit is applicable if the insured takes any policy section)

Other Products Available To Schools
• Group personal accident and WIBA for teaching and non-teaching staff
• Home insurance for teaching and non-teaching staff
• Group medical Insurance Cover

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