Aditya Birla Health Insurance - Education Benefit (18-40 years) Cover at Rs. 1,018

Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions

Key features and benefits

  • Coverage up to Rs. 1 lakh, Premium Rs. 1,018

    Coverage up to Rs. 1 lakh, Premium Rs. 1,018

    Coverage of up to Rs. 1 lakh for accidental death cover and child’s education expenses in case of accidental disability.

  • Children’s education benefit

    Children’s education benefit

    In case of critical illness or disability due to an accident, education fund for 2 dependent children up to the sum insured will be payable.

  • 11 critical illnesses covered

    11 critical illnesses covered

    Coverage against specific severity of cancers, coma, and heart attacks, as well as major organ transplants.

  • End-to-end online

    End-to-end online

    About five minutes is all it would take to complete six simple steps and get your policy online.

Eligibility criteria and documents required

You need to fulfil the following criteria to buy Education Benefit (18 - 40 years) Cover. If you meet all the eligibility criteria, we will need a few details to complete your application process. 

Eligibility criteria  

  •  Exclusively for Bajaj Finance customers
  •  Nationality: Indian 
  •  Age: 18 -40 years

Documents required

No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:

  • Name
  •  Address
  •  Email address
  •  Phone number

Step-by-step guide to buy this policy

  • Step 1

    Click on the ‘Buy Now’ button on this page.

  • Step 2

    Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.

  • Step 3

    Enter the One Time Password (OTP) received on your registered mobile number for verification.

  • Step 4

    If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.

  • Step 5

    At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards and wallet.

  • Step 6

    After the payment is successful, you can download the policy receipt instantly.

    You can also download the policy document from ‘My Account’ after 5 to 7 working days from the date of purchasing the policy.

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Policy details

Here’s a quick look at the policy details of Children’s Education (18-40 years) Cover:

Policy details Description
Sum insured (in Rs.) 1 lakh
Premium including GST (in Rs.) 1,018
Policy tenure 1 year

Key inclusions and exclusions

Here’s a quick look at the key inclusions and exclusions under the Education Benefit (18-40 years) Cover:

  • Key inclusions
  • Key exclusions
Key inclusions Description
Education benefit The policy provides an education fund for 2 dependent children up to the insured amount
11 Critical Illnesses and personal accidents covered Permanent total disability or death due to an accident leading to 11 critical illnesses covered

11 Critical illnesses are covered under the policy:
1. Cancer of specific severity
2. Myocardial Infarction (First Heart Attack – of Specific Severity)
3. Open Chest CABG
4. Open heart replacement or repair of heart valves
5. Kidney failure requiring regular dialysis
6. Stroke resulting in permanent symptoms
7. Major organ/bone marrow transplant
8. Permanent paralysis of limbs
9. Multiple sclerosis with persisting symptoms
10. Coma of specified severity
11. Motor neurone disease with permanent symptoms

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Key exclusions Description
Any pre-existing disease No pre-existing medical illness is covered
Waiting period The initial waiting period for this cover is 90 days, whereas the survival waiting period is 30 days

How to claim

You can reach out to the insurer (Aditya Birla Health Insurance) to claim the benefits of the Education Benefit (18-40 years) Cover by email or phone:

  • Insurer’s email address

    Insurer’s email address

    Share your policy document and medical reports at

  • Insurer’s toll-free number

    Insurer’s toll-free number

    You can also call on the toll-free helpline number - 1800-270-7000 and claim the benefits

  • Documents required to claim

    Documents required to claim

    To claim the benefits of Education Benefit (18-40 years) Cover, you need to present the following documents:
    1. Policy document received at the time of purchase
    2. Discharge summary
    3. Complete billing details in case of reimbursement
    4. Medical reports
    In case of cashless treatment, the billing details are directly shared with the insurance company by the network hospital and settled before discharge

  • Contact Bajaj Finance Ltd.

    Contact Bajaj Finance Ltd.

    In case you have any queries related to coverage, exclusions, or product policy, please write to us at

Frequently asked questions

How does Education Benefit (18-40 years) Cover work?

The Education Benefit (18-40 years) Cover from Aditya Birla Health Insurance provides parents with financial support towards the educational costs of their children in case of their death or permanent total disability in case of an accident.

What is Education Benefit (18-40 years) Cover?

Education insurance helps parents secure their children’s educational future by providing for their financial support in case of their unexpected death due to an accident.

What are the benefits of Education Benefit (18-40 years) Cover?

Education insurance provides parents with the peace of mind that even in the unforeseen situation of their passing or disability, they can still ensure that their children have the financial resources needed to pursue the best possible education.

What is the sum insured for the Education Benefit (18-40 years) Cover?

The sum insured of Rs. 1 lakh for an all-inclusive premium of just Rs. 1,018 is applicable for the Education Benefit (18-40 years) Cover.

What is the 11 critical illness and personal accidents covered under the Education Benefit (18-40 years) Cover?

11 critical illnesses, including cancer of specific severity, open heart replacement or repair of heart valves, permanent paralysis of limbs, coma of specified severity and more. Also, get coverage for permanent total disablement and even unfortunate death due to personal accidents.

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*Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company Aditya Birla Health Insurance Co. Limited. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage under Group Protect Policy UIN: ADIHLGP22023V032122. Please refer insurer's website for Policy Wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.