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study insurance 2021

Study insurance or student insurance is a type of life insurance, designed to guarantee the continuity of the beneficiary’s studies. In this case, the insured is the person who is financially responsible for the payment of the studies and the beneficiary is the student.

What is student insurance?

The student insurance is a type of life insurance that is intended to pay for school and education expenses of the beneficiaries of the insurance. In other words, in the event that the people who pay for education expenses die, students can be guaranteed school payments to continue studying.

The beneficiaries of the study insurance are both the student and the study center. The student benefits because he will continue to have the necessary payments to continue training. The study center benefits because it receives the pending payments for schooling.

What does study insurance cover?

Student insurance coverage depends on what is specified in the policy, as is the case with most insurance. Like any life insurance, the mandatory condition to benefit from it is death coverage.

Regarding the types of education, they will be specified in the policy and may cover different types of studies: from compulsory schooling for minors, through university studies to postgraduate studies. With the insurance comparator you can analyse all the characteristics of each one and choose the one that best suits you.

In addition to covering the minimum schooling services, such as tuition, the study insurance can also take care of transport services, dining room, uniform and school supplies. There is even the possibility of including private classes or extracurricular activities.

Conditions of student insurance

Like any other life insurance, the conditions of the policy determine the coverage of the insurance and, therefore, also the price of the premium.

The most important and determining requirement when hiring student life insurance is age. In general, people who are over 65-70 years old are not usually insured. In relation to this requirement, it is also established that the higher the age of the insured, the more expensive the insurance premium will be.