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.
Sum Insured (Rs.)
Premium incl. taxes (Rs)
Rs. 1 lakh
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.
11 critical illnesses are covered under the policy:
The policy covers personal accidents such as accidental death and permanent total disablement.
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.
Here's what is not covered in this plan.
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.