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Fee Protection Plan ensures that a student’s education continues
uninterrupted if their parent or guardian faces financial hardship
due to unforeseen circumstances such as death, disability, job loss,
or business failure. It covers tuition fees, providing financial security
for families and educational institutions.

Peace of Mind: Ensures that your child’s education is secure, no matter what happens.
Financial Security: Covers tuition fees in case of job loss, death, or disability.
Easy Claims Process: Hassle-free and quick claim settlements.
Flexible Payment Options: Option to bundle the plan with EMI-based fee payments.

The plan does not cover:
Voluntary job resignation.
Business mismanagement losses.
Pre-existing medical conditions.
Student expulsion due to misconduct

Ensures guaranteed fee collection – No more defaults or dropouts due to financial crises.
Higher student retention – Students don’t need to discontinue studies.
Trust & Credibility – Builds trust among parents and boosts admissions.
Reduces administrative workload – No need to chase parents for pending fees.

1. Claim Intimation: Notify the insurer via the school’s admin or online portal.
2. Submit Documents: Provide proof (death certificate, job loss letter, medical reports, etc.).
3. Claim Processing: Quick verification and approval.
4. Fee Payment: The insurer directly settles the tuition fees with the school/college.

Claim Settlement Time: 7-15 working days (for verified cases).

No, but it is highly recommended to secure a child’s education. Some institutions may offer it as
an opt-in or bundle it with EMI-based tuition payments.

Yes! Parents can choose between:
One-time annual premium payment OR
Monthly EMI-based fee payment with embedded insurance

If a student voluntarily leaves, the plan does not refund fees. However, if the college shuts
down or if there is a covered event, a partial refund may be provided.

• Option 1: Enroll via the school/college website/ ERP
• Option 2: Fill out a form during the fee payment process and contact Flashaid
• Option 3: Contact the school admin for assistance or Contact Flashaid

Minimum Age: 25 years
Maximum Age: 55 years

Most claims are approved if documents are submitted correctly.
If a claim is rejected, parents can: Request a re-evaluation through Flashaid.

Unlike a loan that adds financial burden, Fee Protection Plan ensures that parents don’t have to
repay in case of financial crises. The plan directly covers the tuition fee.

Parent’s Financial Stability:
• Salaried Individuals: Employer details, salary slips (last 6 months), bank statements
• Self-Employed Parents: legally declared bankrupt months

Age & Health Criteria:
• Parent’s Age: Entry age between 25-55 years
• Medical Screening: : Required for policies above ₹10L coverage
Job Loss Coverage:
• Must be involuntary (downsizing, company closure, economic crisis)
• Must have been employed for at least 2 years

Business Failure Coverage:
• Business must have been operational for at least 3 years
• Legal proof of insolvency/bankruptcy is required
Student Eligibility:
• Must be enrolled in a recognized school/college
• Age range: 3-25 years
Waiting Period & Claim Limits:
• 3-6 month waiting period before claims are approved
• Maximum payout: 50-100% of tuition fees per year