Student Life Insurance

There is a particular stage in parenting that seems more difficult than the rest. Your child is no longer a child, but not yet financially independent. They are between 18 and 30 years, standing at the edge of adulthood, carrying ambitions that are big and expensive.

As parents, you fund this phase without hesitation. Education loans. Hostels. Coaching. Laptops. Overseas applications. Yet, most parents overlook one critical aspect of education planning, and that’s term insurance.

Not because you don’t think it's important, but because insurance has traditionally been positioned as something one buys after life is settled. After income starts. But life, as every parent learns, does not wait for stability.

With Axis Max Life Insurance, a new opportunity allows parents to secure a term plan for their children while they are still studying. This early protection offers long-term advantages that can't be replicated later in life.

Students today have pressures and exposures that earlier generations did not. Long travel hours. High academic stress. Competitive environments. Lifestyle changes. Health complications.

If something unfortunate were to happen during this phase, the responsibilities do not disappear because the child was not earning. They simply shift to the parents’ shoulders. At the age when most parents are not ready to take such a big financial load.

Education loans still need to be paid. Medical expenses still need to be paid. Future plans get affected by present liabilities.

In such times, the emotional loss is already unbearable. Financial uncertainty should not be allowed to add another layer of trauma. This is precisely why the idea of student life insurance is not pessimistic. It is deeply practical.

Student life insurance is not a contingency plan, it is pre-emptive financial strategy. It protects the family at a time when risk is often underestimated and insurance is still inexpensive and uncomplicated.

Here are some of the reasons why you should buy health insurance for 1 crore:

These services help students:

• Seek help early
• Develop health awareness
• Reduce dependency on parents for every concern

For parents worried about stress management, wellness, and long-term habits, this is a meaningful extension of care.

The plan offers a flexible yet well-defined sum assured structure to meet different protection needs:

• Minimum applied sum assured: 25 lakh rupees
• Maximum applied sum assured: 2 crores rupees

The sum assured is determined based on underwriting guidelines, financial eligibility, and existing life insurance coverage held by the student. This ensures that the coverage amount remains practical.

Axis Max Life’s Student Life Insurance plan is specifically designed for young individuals who are pursuing higher education and are at the beginning of their financial journey.

Eligible students must be between 18 and 30 years of age at the time of policy application. This age range typically covers students enrolled in regular graduation and post-graduation programs.

The Student Life Insurance plan is available to Resident Indians as well as Non-Resident Indians (NRIs).

To validate a student’s enrollment status, proof of ongoing education is mandatory for policy issuance.