It is that particular type of insurance which provides monetary compensation in the manner and to the extent so agreed upon the occurrence or in the event of death or bodily injury arising from accidental, violent, external and visible means.
All bonafide students of Public Parochial or Private Schools (Elementary, High School and College levels). Also includes students of vocational and technical schools.
Faculty member, employees and staff of the schools or university are also qualified. On a case to case arrangement and depending on the volume. Free Insurance coverage shall be extended to faculty members. The amount of insurance shall be the same as the students.
The policy covers against loss resulting directly and independently of all other causes from bodily injury caused by accident 24-hours a day, anywhere in the world. Coverage includes while the insured is riding as a passenger on any public or private conveyance during his travel. With respect to flying, coverage is limited to loss occurring while the insured is riding solely as a fare paying passenger, not as an operator or crew member, in boarding or alighting from a certified aircraft provided by commercial airline on any regular, scheduled or non scheduled, special or chartered flight, and operated by properly certified pilot flying between duly established and maintained airports.
The basic policy offers the following protection.
This covers the insured against the legal liabilities he incurs for damage (including death) to other persons caused by accident and arising out of any of the hazards insured against.
This covers the insured against the legal liabilities he incurs for damage to other's property including its loss of use caused by accident and arising out of any of the hazards insured against
Provides indemnity for direct financial losses as a result of fraudulent or dishonest acts of an insured employee whilst acting in his designated capacity during the period covered subject to the limits set forth in the policy.
Money, Securities, and Payroll insurance is that form of insurance that provides protection to business establishments' against loss of their money, securities, and payroll whether these are in or out of the premises. It provides a practical and effective answer to some of the problems of business establishments (like banks, offices, department stores, etc.) such as:
b) Messengers, collectors, and other carriers who get held up.
c) Money and securities being razed by fire.
d) Payroll trucks being hijacked and many more.