{
  "id": 1903867,
  "title": "Term insurance for students: Should you go for it?",
  "url": "https://urgent.news/2026/08/19/term-insurance-for-students-should-you-go-for-it",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T09:01:26.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/insure/student-term-plan-with-a-big-education-loan-and-long-repayment-years-should-you-go-for-it/articleshow/133342938.cms"
  },
  "original_language": "en",
  "account": "Term insurance, typically linked to employed individuals with responsibilities and earnings, is now being targeted at a younger demographic: students and young adults. Parents often save for their children's education, a costly pursuit that may require substantial financial support. In the unfortunate event of a student's untimely demise, their family could lose their savings and still struggle with loan repayments. Term insurance aims to provide financial stability in such dire circumstances.\n\nA new term insurance plan is now available specifically for students aged 18 to 25. Launched by Policybazaar in partnership with various insurers, this Student Term Plan offers coverage ranging from 30 to 40 years. Policybazaar's introductory offer includes premiums as low as ₹388 per month for ₹50 lakh life cover for an 18-year-old who opts for a 30-year term (for non-smokers without pre-existing conditions). The plan also offers flexibility in premium payments and optional riders for critical illness and accidental death.\n\nInsurers are specifically targeting students with term insurance due to the lower premiums typically associated with younger, healthier individuals. Students often take education loans, which may leave them with financial obligations even before they begin earning. If the student passes away during the loan tenure, their family may face significant financial burdens. By offering early term insurance, insurers aim to provide a financial safety net for students, allowing them to start their insurance journey while still young and healthy.\n\nHowever, while starting insurance early offers the advantage of lower premiums and long-term protection, it is crucial to ensure that the policy is bought to cover a specific financial need, not merely because it is cheaper at a young age. For students with education loans or financial dependents, an early term plan could offer valuable protection. On the other hand, individuals without significant liabilities might find that building an emergency fund and securing adequate health insurance are more immediate financial priorities. Therefore, the suitability of a student term insurance plan will ultimately depend on the individual's financial circumstances.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}