Term insurance for students: why insurers are selling life cover before careers begin
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said student term cover makes sense when there is an education loan or dependants, but is not needed otherwise, and pointed out that total cover across policies should stay within human life value.
More of Abhishek's views on insurance
The article explains term insurance plans now sold to students aged 18 to 25. It covers how insurers underwrite students without income, using education records or parents' income, the lower premium of buying early, and why cover may not suit students with no loan or dependants.
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Term insurance for students: why insurers are selling life cover before careers begin