Group insurance for IIT alumni

Published: 22nd July 2013 11:53 AM  |   Last Updated: 22nd July 2013 11:53 AM   |  A+A-


Alumni of Indian Institute of Technology can soon fall back on the comfort of a medical insurance policy created exclusively for them. The policy, a group insurance scheme for an amount  upto Rs 5 lakh, can be utilised by the alumni for their families as well.

The IIT-MAA (IIT-Madras Alumni Association) is in talks with a private insurance provider in working out the modalities for the same.

The outgoing treasurer of the IIT-MAA made the announcement during the Alumni Day celebrations held at the IIT-M recently. Speaking on the various chapters of the IIT-MAA, he added that while the Mumbai and Bangalore chapters were more energetic, there was a need to revitalise the Hyderabad chapter.

Speakers of the occasion welcomed the newest entrants to the alumni association, those who graduated a couple of days back at the fiftieth convocation of the IIT-M.The theme of their conversation centred on the concept of ‘giving back’ to their alma-mater. In this regard, students of the '87 batch, who held a get-together last year, have raised a sum of Rs 3.12 crore. “Around 131 students belonging to the batch have contributed to this cause. The median amount for the donations was Rs50,000,” said the members of the batch.

The other dominant theme at the event was bonding between the freshers and alumni, with professors and students recognising the need for the same. “This could be achieved through group mentoring sessions and mock-interview programmes,” the speakers said.

The '88 batch, meanwhile, revealed the plans to conduct its reunion late this year. A tour of the campus and a visit to a beach-side resort also figure in its itinerary.

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