Every student within the age group of 16-25 years is insured with Group Insurance Scheme of LICI at the subsidized premium of Rs.23.60 per student for assured claim of minimum Rs. 20,000.00 and maximum Rs. 1,00,000/-Every student within the age group of 16-25 years is insured with Group Insurance Scheme of LICI at the subsidized premium of Rs.23.60 per student for assured claim of minimum Rs. 20,000.00 and maximum Rs. 1,00,000/-