New Delhi, Sept. 3 -- Term insurance has traditionally been associated with people who earn, have dependants or carry financial liabilities. But a few insurers are now offering term cover to students as young as 18.

At first, this may seem unusual. Students typically have no income or dependants. But the equation changes when higher education involves a large financial commitment, whether through an education loan or family savings. This has led to the emergence of student-focused term insurance, offering life cover to young adults while they are still studying.

An education loan is not a prerequisite. Students aged 18-25 qualify for it as long as they meet underwriting criteria.

But does every student need term insurance? How much cov...