IndiaBanks.org · independent research

Insurance

IB Vidyarthi Suraksha (with PNB MetLife)

Credit-life cover for an Indian Bank education loan, with ₹10,000 to ₹5 crore cover, a 90-day waiting period except accidental death and a one-time premium.

Policy typeEducation-loan credit-life insurance.InsurerPNB MetLife.Sum insured / coverMinimum ₹10,000 and maximum ₹5 crore; claim equals outstanding education-loan amount under the cover schedule.
Official product page ↗Compare category

Quick eligibility check

IB Vidyarthi Suraksha (with PNB MetLife)

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: 15–60 years?

Published source: Entry age

2Does your age meet this requirement: maximum exit age 70 years?

Published source: Entry age

3Are you this type of customer: All new and existing educational student borrowers are eligible?

4Are you aged 15 to 60?

5Document checkDo you have this required document or proof: Education-loan account and repayment schedule?

6Document checkDo you have this required document or proof: Student-borrower KYC and age proof?

7Document checkDo you have this required document or proof: Premium debit authorisation?

8Document checkDo you have this required document or proof: Medical reports where the published no-medical grid is exceeded?

0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeEducation-loan credit-life insurance.View source
The official criteria table describes cover attached to educational student borrowers and their loan amount.
Source
IB Vidyarthi Suraksha
Page / section
Criteria table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
InsurerPNB MetLife.View source
The official table names PNB-MetLife as the arrangement provider.
Source
IB Vidyarthi Suraksha
Page / section
By arrangement with
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Sum insured / coverMinimum ₹10,000 and maximum ₹5 crore; claim equals outstanding education-loan amount under the cover schedule.View source
The coverage and claim rows publish ₹0.10 lakh minimum, ₹500 lakh maximum and outstanding-loan settlement.
Source
IB Vidyarthi Suraksha
Page / section
Coverage; Claim Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Entry age15–60 years; maximum exit age 70 years.View source
The official age row states 15–60 years and maximum exit at 70.
Source
IB Vidyarthi Suraksha
Page / section
Age Group
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Policy termMinimum 3 years and maximum 25 years.View source
The period-of-cover row publishes a 3–25-year range.
Source
IB Vidyarthi Suraksha
Page / section
Period of cover
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
PremiumOne-time single premium at commencement; amount is not published on the reviewed page.View source
The official premium row states a one-time single premium but gives no amount.
Source
IB Vidyarthi Suraksha
Page / section
Insurance Premium
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Waiting periodFirst 90 days, except in case of accidental death.View source
The official table states first 90 days except accidental death.
Source
IB Vidyarthi Suraksha
Page / section
Waiting Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Key coveragePays the scheduled outstanding education-loan amount for the month of death, subject to the minimum and maximum sum assured and policy schedule.View source
The claim row ties the claim to the outstanding loan amount in the cover schedule.
Source
IB Vidyarthi Suraksha
Page / section
Claim Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Key exclusionsNo separate exclusion list is published on the reviewed page; the policy wording and proposal form control exclusions.View source
The official page publishes waiting-period treatment but no separate exclusions table.
Source
IB Vidyarthi Suraksha exclusions review
Page / section
Complete product page
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsPays the scheduled outstanding education-loan amount for the month of death, subject to the minimum and maximum sum assured and policy schedule.View source
The manually reviewed product record states: “Pays the scheduled outstanding education-loan amount for the month of death, subject to the minimum and maximum sum assured and policy schedule.”.
Source
IB Vidyarthi Suraksha (with PNB MetLife) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Cover equals scheduled outstanding education loan subject to ₹10,000 minimum and ₹5 crore maximum sum assured
  • Entry age 15–60 years; maximum exit age 70
  • Cover period 3–25 years
  • One-time single premium at commencement
  • No medicals within the published age/cover grids

Eligibility

  • All new and existing educational student borrowers are eligible; age is 15–60 years with maximum exit at 70.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Education-loan account and repayment schedule
  • Student-borrower and age proof
  • Premium debit authorisation
  • Medical reports where the published no-medical grid is exceeded

Related official documents

IB Vidyarthi Suraksha (With PNB-Metlife) — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees
Income your family may need₹1,00,00,000one crore rupees
Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligibility · Published detailAll new and existing educational student borrowers; age 15–60, maximum exit 70.

This value is copied from IB Vidyarthi Suraksha — published terms. Check the table notes before relying on it.

Source: IB Vidyarthi Suraksha · Complete criteria table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsIB Vidyarthi Suraksha — published termsView tableHide table

Scroll sideways to view every column

IB Vidyarthi Suraksha — published terms
ParameterPublished detail
EligibilityAll new and existing educational student borrowers; age 15–60, maximum exit 70.
ProviderPNB MetLife.
Cover₹10,000 minimum to ₹5 crore maximum; claim follows scheduled outstanding loan.
Waiting periodFirst 90 days except accidental death.
Period3–25 years.
PremiumOne-time single premium at commencement; amount not published.
MedicalNo-medical grids are published by age and sum assured; medicals apply above the stated grids.
Risk commencement / taxRisk starts on premium debit; tax benefit under section 80C is stated.
IB Vidyarthi Suraksha · Complete criteria table · accessed 31 Aug 2026Open official source ↗

More from Indian Bank

Related products

Credit Life Insurance Cover (Aditya Birla Sun Life)

Aditya Birla Sun Life credit-life protection for Indian Bank retail and selected loans, with a ₹5,000 minimum base cover and loan-linked reducing or level balance options.

View product

Indian Bank Digital Motor Insurance (Two-wheeler & Four-wheeler)

Digital motor-insurance journey for private two-wheelers and four-wheelers, with real-time quotes from three general insurers, own-damage and third-party liability covers, and optional add-ons.

View product

Credit Life Insurance Cover (Kotak Life)

Kotak Life credit-life cover for Indian Bank home, mortgage/property and education loans, with segment-specific sums assured and reducing-balance protection.

View product

Indian Bank Life Insurance Partner Catalogue

Life-insurance distribution through , Life and Aditya Birla Sun Life, covering term, savings, whole-life, child, pension, annuity, key-person and product families.

View product