Tata AIA Life Insurance has introduced a student-focused term insurance plan designed to protect families from the burden of education loan repayments in the event of a student’s untimely death. The product is offered as an additional feature under the company’s existing Tata AIA Sampoorna Raksha Promise plan.
The plan is aimed at students aged 18 to 25 years enrolled in recognised educational courses in India or abroad. It provides a maximum life cover of up to ₹2 crore, capped at the sanctioned loan amount, with a policy tenure of up to 10 years.
For students who have not taken an education loan, coverage is available based on 50 per cent of the parent’s insurance eligibility, broadening the plan’s reach beyond loan-linked protection.
Sanjay Arora, Chief of Operations at Tata AIA, said education loan repayments are a growing financial responsibility and the plan allows students to pursue academic goals while giving families a financial safety net.
Applicants are required to submit college admission proof, fee receipts, a course fee schedule, and the loan sanction letter where applicable. Families without a loan must provide three years of parental income proof.
Tata AIA Life Insurance reported a total premium income of ₹31,484 crore for FY25, a 23 per cent increase over the previous year, and ranks among the top three private insurers by Individual Weighted New Business Premium.
Published on March 17, 2026