New Delhi, Sept. 4 -- Term insurance is traditionally associated with working individuals who have financial dependants, but insurers are increasingly offering policies aimed at young students. These plans are designed to provide financial protection at a time when many students are pursuing higher education and may have education-related liabilities.

The key question for students and their families is whether buying term insurance at this stage is necessary or whether it makes sense to wait until the student starts earning and takes on financial responsibilities.

Higher education can involve a substantial financial commitment, with many families relying on education loans to fund tuition and other expenses. Parents may either finance t...