INSUBCONTINENT EXCLUSIVE:
Starting from the first week of June, all school students across the island will once again be able to benefit from this insurance
scheme.The Cabinet recently approved a Joint Cabinet Memorandum presented by President Wickremesinghe, who also serves as the Minister of
Finance, Economic Stabilization, and National Policy, alongside the Minister of Education Dr
The program aims to ensure continuous education for students affected by health issues and to increase school attendance by safeguarding
It ran until December 1, 2022, but had to be temporarily halted due to economic constraints.With the current economic recovery, President
Wickremesinghe has allocated Rs
The goal is to strengthen the program to develop the human resources necessary for a developed Sri Lanka by 2048.The insurance will cover
health and accident insurance for approximately 4.5 million students aged 5 to 21 in government, government-approved private, and private
schools (grades one to 13), as well as students aged 4 to 21 in special schools
Additionally, the program proposes life insurance benefits for students from low-income families, defined as those earning less than Rs
180,000 annually, which includes coverage for the death of a parent.The anticipated benefits for all students under this program include:1
Health Insurance:Inpatient Treatment Benefits: Up to Rs
300,000 (in Government or Private Hospitals)
Additionally, for each night spent in private accommodation, Rs
7500 will be granted.Outpatient Treatment Benefit: Up to Rs
This category covers payments for spectacles for pre-existing eye conditions, hearing aids for hearing loss, and laboratory test fees
Accident Insurance:Total Permanent Disability: Rs
200,000.
Permanent Partial Disability: Ranging from Rs
200,000.
Temporary Disability: Ranging from Rs
75,000 per student for one parent
Benefits cover both parents
All school-going children in the family are eligible for benefits, with a maximum allocation of Rs
75,000 each for a maximum of 3 children).For the implementation of this insurance program, the Ministry of Education will establish an
agreement with the Sri Lanka Insurance Corporation
A special system will be established to expedite the provision of benefits to school students, with benefits being delivered through the Sri
mechanism under the supervision of the State Revenue Unit of the Presidential Secretariat.This program is a joint effort between the
Ministry of Education, the Sri Lanka Insurance Corporation, and the State Revenue Unit of the Presidential Secretariat.--PMD--
