Personal Finance

Term of the week

Bavadharini KS | Updated on April 07, 2019 Published on April 07, 2019

Sponsor protection cover

Sponsor protection is a cover offered in almost all student travel policies by insurance companies. It is available for students going outside India for studies.

Sponsor here would mean an individual, usually parents of the student, responsible for paying tuition fees of the insured persons (student) for his or her full-time studies in an educational institution outside India.

One can claim on the sponsor protection cover when the sponsor meets with an accident which results in his or her death or permanent disability due to which he or she is unable to pay the tuition fees of the insured. In such a situation, the insurance company would reimburse that proportion of the tuition fees (to the extent of sum insured) for the remaining period of the student’s education. This feature is there in policies of Bajaj Alliance General, Tata AIG and Apollo Munich Health Insurance, among others.

Note that, a student cannot claim both under sponsor protection and study interruption (where a student is unable to continue his/her studies) for the same reasons.

Published on April 07, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.