# Policybazaar launches student term insurance at Rs 388 per month 2026-08-19T12:20:33+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Policybazaar on August 19 launched a Student Term Plan for individuals aged 18 to 25, with life cover up to Rs 50 lakh and premiums starting at Rs 388 per month. The plan, offered in partnership with insurer partners, provides coverage options of 30 to 40 years and includes riders for critical illness and accidental death. Insurers are targeting students because premiums are lower for younger, healthier buyers, and many students take education loans that could become a burden on families if the borrower dies. The product allows students to start financial protection early even without full-time employment. Industry executives said students are the most underserved segment in insurance, with growing financial responsibilities from loans and family commitments. The plan uses parents' income as proof of financial capacity for eligibility. Financial advisors caution that insurance should be bought to protect a financial need, not just because premiums are low. ## Indian Opinion Analysis The product targets an age group that typically has no dependents, raising the question of insurable interest. For a student with a large education loan, the sum assured could cover the outstanding liability, shielding parents who co-signed the loan. Without such a loan, the premium may be better spent on health insurance or an emergency fund. The real test will be uptake: if students see this as a smart hedge against loan risk rather than just cheap cover, the product could reshape the Indian term insurance market. Watch for claims ratios in the first two years. ## Coverage - economictimes.indiatimes.com Presents product launch facts, executive quotes, and balanced advisory caveats without editorial slant. This story was synthesised by AI from the source linked above. Tags: ICICI Prudential Life Insurance, Policybazaar, Srinivas Balasubramanian, Varun Agarwal Canonical: https://indianopinion.org/policybazaar-launches-student-term-insurance-at-rs-388-per-month/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/policybazaar-launches-student-term-insurance-at-rs-388-per-month/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/