The Student Medical and Pharmaceutical Care Fund of the Cyprus University of Technology operates under the Student Welfare Association and is governed by specific rules.

Purpose

To provide financial compensation to student members of the Fund for medical and pharmaceutical care expenses.

Members

All active students of the Cyprus University of Technology (undergraduate, master’s, and doctoral) are eligible members of the Fund.

Member Contribution

All newly enrolled students of the Cyprus University of Technology, upon reserving a place in a study program, are required to pay the university-established fee (€40), which includes a €20 contribution to the Fund. Coverage begins upon enrollment in courses.

Compensation Limits

The maximum financial compensation is €5,000 per year per member, with a deductible of €500. Expenses related to pre-existing conditions or already covered by the GESY system or other private insurance are not eligible.

Coverage

Compensation covers medical and pharmaceutical expenses for hospitalization in medical institutions inside or outside Cyprus, exceeding €500 per incident. Expenses for doctor visits, medications, tests, and other costs below €500 per incident are not covered, except for Fund members who are recipients of financial assistance from the Student Welfare Association, who may also be reimbursed for incidents below €500.

The Management Committee may adjust the amount or method of calculating financial compensation based on the Fund’s financial capacity.