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Vidhya Rakshana Kavach

  • Education is pivotal in fostering children's growth, building confidence, cohesion, and community, educated children are less vulnerable to violence and more inclined to invest in community betterment as adults.
  • Educational institutions play a critical role in shaping students' formative years
  • The Indian education sector is experiencing rapid growth, with approximately 230 million students enrolled and an estimated 15% growth rate over the next decade.
  • However, 45% of students drop out between classes 1 to 10, often due to financial, physical, or sociological challenges.
  • MicroNsure addresses this issue with "School Life - Vidhya Rakshana Kavach" a process designed to support educational institutions in helping children complete their education despite family income disruptions caused by Death, Disease, Disability, or Dismemberment.

Premium & Coverages

For a small premium -1-2% of school fees (Can be a part of school fees),coverage extends to the full amount, including inflation, for 12-16 years.

Covered Individuals 

The income-earning parent is the beneficiary under this plan.

Nominee

The student (represented by the school)

Coverage Scenario

In case of Death, Dismemberment, Disability, or Disease affecting the income-earning parent, leading to the inability to pay the fees, the insurer provides a defined amount.

Benefits

The received amount can be utilized by the student (School) to continue their studies without interruption.

Key Features

Covers education from KG to PG

Premiums as low as Rs/- 2 per day

No Documentation Needed

Guaranteed Claim Servicing

Instant Policy Issuance

Plan Variants

The product offers flexibility with three distinct varieties: Silver, Gold, and Platinum. Schools can choose based on their average fee structure and customer preference, ensuring tailored coverage for their specific needs.

  • • Wellness benefits
  • • Accidental Death, Disability, and Dismemberment (temporary and permanent, ratio-wise)
  • • Wellness benefits
  • • Accidental Death, Disability, and Dismemberment (temporary and permanent)
  • • Accidental Hospitalization (up to Rs 10,000) – Disability and Dismemberment due to Accident (temporary and permanent)
  • • Wellness benefits
  • • Accidental Death, Disability, and Dismemberment (temporary and permanent) -
  • • Comprehensive Death coverage - Accidental Hospitalization (up to Rs 10,000) - Disability and Dismemberment due to Accident (temporary and permanent)
  • • Gold Cover + Comprehensive Death coverage for Parent