Education Protection Plan

Education Protection Plan is a type of insurance policy designed to safeguard a child's education and ensure funds are available for their educational expenses in the future. It provides financial protection in the event of unforeseen circumstances that may impact the ability to pay for a child's education, such as the death or disability of a parent or guardian.

Education Protection Plan
  • Living benefits
  • Accidental cover benefits
  • Death cover benefits
  • Tax Benefit

    Upto 39%

  • Cover Till Age

    70 Years

  • 24 hr

    Claim Support

* Tax benefit is subject to change in tax laws. * Standard T&C Apply
* Bonus rate is subjected to the insurance company
* Calculation based on 30 years old healthy person on Endowment plan

Pay रु 44,475 premium per year and save up to रु 180,000 in tax-free income*

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Here are some key features and benefits of an Education Protection Plan:

  1. Coverage and Funding: The plan offers coverage for the child's educational expenses, including tuition fees, books, supplies, and other related costs. It ensures that the necessary funds are available when the child reaches the age of attending higher education.

  2. Premium Payments: The policyholder, usually a parent or guardian, pays regular premiums to maintain the Education Protection Plan. The premium amount is determined based on factors such as the desired coverage amount, the child's age, and the duration of the plan.

  3. Death Benefit: In the unfortunate event of the policyholder's death, the plan provides a death benefit to the child. This benefit can be used to cover educational expenses, ensuring that the child's education is not interrupted due to the loss of financial support.

  4. Disability Benefit: Some Education Protection Plans also offer disability benefits. If the policyholder becomes disabled and unable to work, the plan provides financial assistance to support the child's education during this challenging period.

  5. Maturity Benefit: If the policyholder survives the policy term, the plan typically provides a maturity benefit. This benefit can be used to fund the child's education or other financial needs.

  6. Flexibility and Customization: Education Protection Plans may offer flexibility in terms of coverage options, premium payment frequencies, and the choice of educational institutions. Some plans allow policyholders to select specific educational milestones or goals to ensure adequate funds are available when needed.