Sri Lanka insurer to cover graduate study

Aug 01, 2010 (LBO) – Sri Lanka’s Chartis Insurance has tied up with an information technology school to cover degree study costs of students who lose support owing to the loss of their parent or guardian, officials said.

In the event of accidental death or dismemberment affecting a parent or guardian, the student will receive money to continue the degree. However, the amount received will vary according to the course. “We have done a survey and realized that some students suddenly become dropouts due to the various reasons,” said Bandu Ranasinghe, Chairman of the IDM group which runs a private computer teaching institution.

“Sudden death or an accident to their parents or guardians put their studies at risk.”

IDM’s school of computing provides a three-year degree program costing 450,000 rupee for the entire course.

The survey showed that a large number of students from middle income groups are enrolled at the institute.

Currently there are 20,000 enrollments taking place annually at 50 branches under thirteen main study streams.

“Initially we will target to give the insurance cover for only 14 branches even though we have 50 branches island-wide,” Ranasinghe said.

“This