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Education Cover 18-40 years

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Parents always try to ensure that their children are looked after, and their education is covered, in the event of any unforeseen circumstances. An insurance policy that offers educational funds for children in such cases can be very beneficial for parents.
Group Protect - Education Benefit (18-40 years) Cover from Aditya Birla Health Insurance Co. Ltd. offers a pay-out to the policyholder’s children in case of accidental death or permanent total disablement.

Plan Details

Sum Insured (Rs.)

Premium incl. taxes (Rs)

Rs. 1 lakh

Rs. 1018



Eligibility: This plan can be taken by individuals between the age of 18 and 40, as on the last birthday. 


Plan Validity: The plan is valid for a tenor of one year.

What's Covered

  • Money-in-bank

    Coverage against critical Illnesses

    11 critical illnesses are covered under the policy:

    • Cancer of specific severity
    • Myocardial Infarction (First Heart Attack – of Specific Severity)
    • Open Chest CABG
    • Open Heart Replacement or Repair of Heart Valves
    • Kidney Failure Requiring Regular Dialysis
    • Stroke Resulting in Permanent Symptoms
    • Major Organ / Bone Marrow Transplant
    • Permanent Paralysis of Limbs 
    • Multiple Sclerosis with Persisting Symptoms
    • Coma of Specified Severity
    • Motor Neurone Disease with Permanent Symptoms

  • Money-in-bank

    Personal Accidents

    The policy covers personal accidents such as accidental death and permanent total disablement.

  • Money-in-bank

    Education Benefit

    The policy offers an education fund for the children of the policyholder as per the sum insured. A maximum of two children is eligible for a payout under the policy in case of critical illness and personal accident.

    Note: For definitions of permanent total disablement, permanent partial disablement, temporary total disablement, or coma, please refer to the product brochure before concluding a sale.

What is Not Covered / Exclusions

Here's what is not covered in this plan.

  1. Any pre-existing disease or any complication arising therefrom.
  2. Suicide or attempted suicide, intentional self-inflicted Injury, acts of self-destruction whether the insured person is medically sane or insane.
  3. Patients of age above 40 years.
  4. Death or disablement directly or indirectly caused by or associated with any venereal disease or sexually transmitted disease.

Waiting Period

The initial waiting period for this cover is 90 days, whereas the survival waiting period is 30 days.

*For a complete list of exclusions, please refer to the policy wordings.

How to Apply

Click on ‘Apply Now’ button and share your basic details in the online application form

Check and confirm your application by entering the OTP received on your mobile number

Pay the premium via credit/debit card, UPI, mobile wallet, or any other available online payment mode

You will receive the details of your membership via email/WhatsApp

Claim process

You can raise a claim by reaching out to the insurer via one of the following ways:

Contact Us

In case you have any queries related to coverage, exclusions, or claims, please write to us at wecareinsurance@bizsupportc.com

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. Our partner Insurance Company provides the insurance coverage. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The benefits mentioned above and the premium amount are subject to various factors such as the age of insured, lifestyle habits, health, etc. (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance, and any claims post-sale. This product provides insurance coverage under Aditya Birla Health Insurance Co. Ltd. Group Protect Policy, UIN: ADIHLGP21056V022021. Please refer to the insurer's website for Policy Wordings. Purchase of this product is purely voluntary. BFL does not compel any of its customers to purchase any third party products mandatorily.

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