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

What is a Student Insurance Policy?

Accidents are always unpredictable and can occur anytime and at any age. This makes it all the more important to have suitable insurance coverage. If you want to safeguard your child’s future from any unfortunate, unforeseen events, a great way to do it is with the help of a strong student insurance plan. So what are you waiting for? Buy a student cover through the Bajaj Markets portal and get an extensive coverage plan at just ₹499 per year.


Key Features & Benefits of Student Cover

Here are some of the essential features of a student insurance policy:

High Coverage for Critical Needs

Enjoy extensive coverage up to Rs. 1 lakh at just Rs. 499 per annum.

Leave Medical Bill Worries at Bay

Say goodbye to large hospital bills with the help of the Student Insurance plan. You can receive coverage up to Rs 50,000, including post-hospitalisation expenses.

Education Costs are Covered Too

The student insurance plan shall cover the child’s educational expenses in case of the parent’s untimely demise.

How to Apply for a Student Cover?

So if you are wondering how to apply for a student insurance plan, look no more. 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

    Complete your application process by paying the membership premium through any one of the online payment methods.

Your policy and membership details will be communicated 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 cover.

What’s Covered under Student Insurance?

Before opting for a student cover, you need to understand all the factors included in the plan. The same has been highlighted in the list 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

The student accident insurance plan covers unforeseen events such as an accident and all hospitalisation expenses extending up to Rs 50,000..

Policy Plan Details & Specifications of Student Insurance Plan

Refer to the pointers below to learn about the student accident insurance details:

Extensive Coverage limit

Up to Rs. 1 Lakh


1 year

Flexible 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 student accident insurance 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:



You can mail at



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

Student Insurance Plan Customer Care Details

Get in touch with us at Bajaj Markets via


Frequently Asked Questions About Student Insurance Plan

  • ✔️ Who provides a student insurance plan?

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


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

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

  • ✔️What does this plan not cover?

    This student accident insurance 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 coverage?

    Yes, the insured person and his/her parents have certain age criteria to avail of the student accident insurance plan.