These products were designed to assist the schools’ communities in making the necessary preparation in the event anyone from the schools should be involved in any unexpected event (accidents). TIP is aware that should this occur, the cost for medical services can be quite expensive, and this is usually not planned for. Also, the death or accident of anyone within the school’s environment can have a psychological and emotional effect on the school and/or parent/guardian. Financial strain will often occur as well due to the lack of funds for these eventualities.
The TIP Student Plan is a personal accident insurance programme that provides coverage for:
- Natural death
- Accidental death
- Accidental dismemberment
- Medical dental, optical and transportation expenses arising from accidents (reimbursement).
“Keep your children covered, so they can focus on what’s important.”
Why TIP Studen Plan?
- Personal Accident and Death Coverage
- Eligible from Pre-School to Secondary School
- Eight (8) Options to Choose From
- Seven (7) options from which to choose
- Transportation cost reimbursements to and from medical facilities
- Premiums are paid annually at the beginning of each school year
- Protection is immediate, once the school is in receipt of the payment
- The minimum per school is 1
- Offers 24-hour 365-day personal accident protection worldwide (weekends and holidays included)
- All students enrolled within within pre-school, kindergarten, preparatory, primary and secondary schools
All full time students and full time staff members whose name is on file at an educational institution within Jamaica below the age of sixty (60) years.
Coverage is provided to each Insured enrolled on the TIP Student Plan and the TIP College Programme during the academic year, commencing on September of each year. The Insured is covered for 24-hours, 365-days all-risk during school or leisure anywhere in the world. All benefits are payable in Jamaican dollars.
Natural Death (where applicable)
When death occurs by natural causes (other than accidental or suicide), other than by accident or suicide, the Society will pay to the beneficiary the Principal Sum stated in the Schedule of Benefits.
When injury results in loss of life of the Insured within three hundred and sixty-five (365) days after the date of the accident, the Society will pay the Principal Sum stated in the Schedule of Benefits.
Accidental Dismemberment, Loss of Sight, Speech and Hearing Indemnity
When injury does not result in loss of life of the Insured but does result within three hundred and sixty-five (365) days in any one of the specific losses shown below, the Society will pay no more than one (the largest) of such benefits with respect to injuries resulting from one accident, with respect to any one Insured.
The complete and irrecoverable loss of use of any part of the body specified shall be deemed to be the loss of such part. In the event of partial loss of any part of the body specified above, a proportionately lower percentage of the Principal Sum shall be payable, such percentage to be determined solely by the company.