Coverage of up to Rs. 1 Lakh | Buy a Student Insurance Plan at Rs. 499

What is a Student Insurance Policy?

Unfortunate incidents may occur anytime and it is always wise to have insurance coverage in advance. More specifically for students as the untimely death of parents may hamper a child’s education. Student insurance plans safeguard a child’s future against unanticipated events. Moreover, if the child meets with an accident, it provides coverage for the hospitalisation expenses. Read along to know all about the student insurance policy that you can buy through the Bajaj MARKETS portal. Get the plan at a premium of just Rs. 499 per year and get extensive coverage. 

Key Features & Benefits of Student Insurance Plan

Mentioned below are some of the essential features of a student insurance policy:

High Coverage for Critical Needs

Get extensive coverage of up to Rs. 1 Lakh against a nominal premium of just Rs. 499 per annum.

Leave Medical Bill Worries at Bay

Enjoy coverage against hospitalisation expenses of up to Rs.50,000 as well as coverage for post-hospitalisation expenses.

Education Costs are Covered too

Student insurance plan covers the educational expenses of the child in case of the parent’s untimely demise.

How to Apply for a Student Insurance Plan?

Here is the stepwise process of applying for hassle-free student safety insurance:

  • Tap on ‘Buy Now’

    Click on the ‘Buy now’ option.

  • Fill in the Details

    Provide the necessary details in the policy application form.

  • Make payment

    After successful application, make the payment.

Your policy and membership details will be provided to you via your registered email ID.


Eligibility Criteria & Documents Required

Students within the age group of 5-18 years and parents within the age bracket of 18-55 years are eligible to buy a student insurance cover.

What’s Covered under Student Insurance?

Before purchasing a student cover, customers must have detailed knowledge about the inclusions under it, and they are discussed below:

  • Expenses for OPD

It provides coverage of up to Rs. 10,000 for out-patient treatment, restricted to bone dislocation, fractures and other lacerations.

  • Cover for hospitalisation

If the insured student experiences an accident, this student accident insurance cover will cover hospitalisation expenses of up to Rs. 50,000.

Policy Plan Details & Specifications of Student Insurance Plan

Refer to the pointers below to learn about the policy details:

  • Coverage limit

Up to Rs. 1 Lakh

  • Validity

1 year

  • Payment method

Mobile wallet, UPI, net banking, NEFT, bank transfer etc.

What’s not Covered under Student Insurance?

Any expenses other than medical expenses of the insured student or the cover offered in case of the untimely death of earning parents are not covered in this policy.

How to Make a Claim?

To raise the claim for a student plan, customers can follow the methods mentioned below to contact the insurer:

  • Email

You can mail at

  • Call

You can also dial the toll-free number at 1800-270-7000

Student Insurance Plan Customer Care Details

You can connect with us at Bajaj MARKETS. Just write to

Frequently Asked Questions About Student Insurance

  • ✔️Who provides a student insurance plan?

    The provider of this unique insurance plan is Aditya Birla Health Insurance Co. Ltd.

  • ✔️Is this insurance plan similar to student health insurance?

    No, this plan is not similar to a student health insurance policy. However, the student insurance plan covers the hospitalisation expenses and even covers the cost after the discharge from the hospital.

  • ✔️What does this plan not cover?

    This plan does not cover anything other than the insured’s hospitalisation and educational expenses.

  • ✔️What is the premium amount of this insurance policy?

    The premium amount of Student cover is Rs. 499/annum.

  • ✔️Is there any eligibility to qualify for this insurance cover?

    Yes, the insured person and his/her parents have certain age criteria to avail of the policy.