Every parent wants to ensure that their children get the best possible education, but managing school fees can be challenging. With Group Care 360 – Children’s Education cover, parents can avail of up to Rs. 25,000 to fund the education costs of up to two children. Moreover, nominees can get up to Rs. 10,000 in case of the accidental death of the registered member.
If the insured person dies of injuries sustained in an accident during the policy period (within 12 months of the accident), their nominee is entitled to receive up to Rs. 10,000.
In addition to the coverage value, the insured person can avail of a fixed amount for the dependent child or children’s education. A valid document establishing the child’s age and the relationship between the child and the insured member must be submitted where:
“Child” means a child (natural or legally adopted) who is:
- A student in a regular course;
- Financially dependent on the insured member;
- Is less than 25 years old at the time of claim