Kathmandu. Neco Insurance, a non-life insurance company, believes that the insurance TAG_OPEN_em_22 scheme “International Student Health Care <\/em> will end the compulsion of students to return to Nepal leaving their studies incomplete due to lack of money.” <\/p>\n
In case of disability or disability due to an accident, the insurance will compensate the amount up to the limit stipulated in the policy, which will increase the guarantee of the continuity of the student’s education. <\/p>\n
NECO Deputy Chief Executive Officer Ganesh Lamsal said the insurance scheme was introduced to ensure the education of Nepali students going abroad for higher studies or studying abroad. <\/p>\n
This insurance policy will provide compensation to bear the expenses of studying, lodging and food expenses and to pay the installment amount of the loan taken from the bank for studies. Deputy Chief Executive Officer of the company, Pawan Thapa, said that the students and guardians need not worry as the amount mentioned in the policy will be paid directly in foreign currency. <\/p>\n
Nepali students in Australia, who have been made compulsory by health insurance, can include riders in this insurance plan to bear the additional risk (rider cover, spillover) in the existing insurance policy. For this, you have to pay a total of $ 160 per year as insurance premium. <\/p>\n
In the event of inclusion as a rider, Neco Insurance will pay the amount exceeding the limit of the loss borne by the insurance with the Australian insurer to the educational institution or health institution through the reinsurance company in case the student’s medical expenses or tuition expenses are not met. <\/p>\n
According to the insurance company, in the first phase, this insurance policy will be available to students going for or studying in Australia, New Zealand and the United Kingdom. Students can buy insurance policy from Nepal or from the concerned country through the insurance company’s website. <\/p>\n
Students who are preparing to pursue higher education abroad or studying abroad can buy this insurance policy online. If any claim is required under insurance, the insured or the concerned person can apply for insurance claim online. <\/p>\n
While other insurance covers only parents as parents, this insurance has a special feature that can cover the risk of any member of the family bearing the cost of education. <\/p>\n
The insurance company will bear the responsibility of paying the tuition expenses of the student and up to three installments from the bank in case of disability, critical illness or death of the student. <\/p>\n
Living expenses will be paid initially if the student has to take full rest for more than 30 days due to accident or illness. <\/p>\n
This insurance scheme will pay up to 3 installments of bank loan taken for tuition fee. The insurance company will bear the cost of air ticket to and from the student to Nepal in case of the unexpected death of the parents while the student is abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Neco Insurance, a non-life insurance company, believes that the insurance TAG_OPEN_em_22 scheme “International Student Health Care will end the compulsion of students to return to Nepal leaving their studies incomplete due to lack of money.” In case of disability or disability due to an accident, the insurance will compensate the amount up to the […]<\/p>\n","protected":false},"author":5,"featured_media":277011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45096],"tags":[],"class_list":["post-277013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-non-lifeinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/277013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=277013"}],"version-history":[{"count":0,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/277013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/277011"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=277013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=277013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=277013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}