Coverage of up to Rs. 4 Lakhs | Buy Accident - Education Benefit Cover at just Rs. 79

What is Education Cover under Accidental Insurance Policy?

Over the years, the cost of education has significantly risen, making it difficult for several households to meet up with the expenses. An unfortunate accident can severely hamper your finances and can even cause hindrance in your child’s education. Therefore, to protect yourself from untoward incidents and ensure uninterrupted education for your children in case of any mishap or accident, consider purchasing a comprehensive education insurance policy. With the Accident – Education Fund Benefit Cover, you can claim an amount of up to Rs. 4 Lakhs by paying a nominal premium amount. Read on to know more about this policy.

 Key Features of Education Fund Insurance Cover

Here are some of the exclusive benefits you can avail when opting for an education fund insurance plan:Accident – Education Fund Benefit Cover

Cost-effective plan

This plan comes in three affordable variants. Therefore, select the option depending on the premium that fits your budget and affordability.

Benefit for accidental permanent total disablement (PTD)

Insured person suffering from accidental PTD can receive a reimbursement of the sum insured value for the education of his/her dependent child.

Provides an annual coverage

Such plans provide financial back up for a period of 1 year from the date of purchasing the insurance cover.

How to Apply for an Education Fund Benefit Cover?

To apply for an education cover policy, check out the stepwise guide explained below:

  • Click on ‘Buy Now’

    Select the ‘Buy Now’ button on the product page.

  • Fill in the Relevant Details

    Policyholders are required to fill in the application form with all the necessary details.

  • Pay the Premium

    You need to pay the premium amount to purchase an education insurance policy.

After completing the purchase successfully, you will receive all the details of your membership on your registered email ID.

Eligibility Criteria

Here is the essential eligibility parameter that applicants must meet to opt for this insurance cover:


  • Individuals within the age bracket of 18-65 years can avail of this plan. However, age will be considered based on the last birthday.

What’s Covered?

  • Offers coverage against accidental death

    In case of the policyholder’s unfortunate demise, his/her children will be entitled to receive the sum assured amount for their education expenses, even though the child/children are not insured under the plan. However, under this education insurance policy, the claim will be considered valid if the dependent child’s age is below or 25 years as of the date of occurrence. Moreover, if the insured person has more than one child, the specified sum insured amount will be divided equally among each eligible child.

  • Charges for treatment

    Such an education insurance policy provides coverage to the policyholder for the expense of treatment incurred in an accident. These expenses include room rent, medical tests, cost of medicines, doctor fees, etc. By getting coverage for these associated medical expenses, policyholders can conveniently alleviate their financial burden and avail treatment from reputed hospitals.

Policy Details & Specifications

The following table drawn below will provide you necessary plan details and specifications for the education insurance policy:

Premium Amount (Inclusive of GST)

Sum Insured

Rs. 79

Up to Rs. 1 Lakh

Rs. 139

Up to Rs. 2 Lakhs

Rs. 254

Up to Rs. 4 Lakhs

Plan Validity: 1 year

What’s not Covered?

Know about the exclusions of education insurance policy here:


  • Any accident due to adventure sports is not covered as per policy specifications.

How to Raise a Claim?

To make an insurance claim, you can contact the insurer through the following methods:


  • You can dial 1800-102-4462 to contact your insurer regarding your claim request

  • Also, you can email on with your policy number and necessary details.

Customer Care Details

If you have further queries regarding the insurance product, do not hesitate to connect with us at

Education Fund Insurance Cover – FAQs

  • ✔️Is the claim amount valid immediately?

    The coverage is offered to the policyholder if he/she remains hospitalised for 48 hours.

  • ✔️From where can I purchase this education insurance policy?

    You can purchase this policy and a range of other policies by visiting the Bajaj MARKETS website. On the website, you can explore other policies offered by renowned insurance companies and purchase one that suits requirements.

  • ✔️If my child is 15 years old and is not registered under this policy, can I get benefits of education expenses for him/her?

    Yes, if you are the policyholder, you can avail the benefit of education expenses of your child even if he/she is not registered under the policy.

  • ✔️Can I make the premium payment online?

    Yes, you can pay the premium of the education insurance policy through your preferred payment mode, such as Net banking, UPI, credit and debit cards, etc.

  • ✔️What is the highest sum insured amount under this plan?

    As per this plan, the highest sum insured value is up to Rs. 4 Lakhs, which comes with a nominal premium of Rs. 254.