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

    Get coverage up to Rs. 1 lakh for accidental death cover. Also, for 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 two 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

    Complete seven simple steps to apply 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 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

    Step 1

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

  • Step 2

    Step 2

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

  • Step 3

    Step 3

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

  • Step 4

    Step 4

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

  • Step 5

    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

    Step 6

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

    Download the policy document from ‘My Account’ after 5-7 working days from the purchase date.

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Policy details

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

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

The policy covers the 11 critical illnesses given below:
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
Venereal or sexually transmitted diseases Does not cover death or disablement caused directly or indirectly by venereal or sexually transmitted diseases

How to claim

Contact the insurer (Aditya Birla Health Insurance) to claim the benefits of the Education Benefit (18-40 years) Cover in the following ways:

  • 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 the 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 network hospital will directly share the billing details with the insurance company. Insurer will then settle the bills with the network hospital 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?

Education Benefit (18-40 years) Cover helps parents fund their children’s education at the time of need. Get coverage in case of accidental death or permanent total disability.

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

The plan gives accidental death and permanent total disability coverage. It gives parents financial support when needed. So, you can continue funding your children’s education in case of medical emergency.

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

This cover helps parents fund their children’s education in case the insured suffers an accident. You can get coverage up to Rs. 1 lakh in case of accidental death or permanent total disability. Also, the plan covers 11 critical illnesses like cancer, coma, heart attack, and other major illnesses.

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

Education Benefit (18-40 years) Cover gives a coverage up to Rs. 1 lakh at a premium of Rs. 1,018.

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

The 11 critical illnesses covered under the plan are:
1. Cancer of specific severity
2. Open heart replacement or repair of heart valves
3. Permanent paralysis of limbs
4. Coma of specified severity
5. Kidney failure requiring regular dialysis
6. Stroke resulting in permanent symptoms
7. Major organ/bone marrow transplant
8. Multiple sclerosis with persisting symptoms
9. Motor neurone disease with permanent symptoms
10. Myocardial infarction (first heart attack of specific severity)
11. Open chest CABG
Also, get coverage for permanent total disablement suffered or death due to personal accident.

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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 to the 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.