Summer Reflections: Strengthening the Bonds of Learning

Summer’s here, and our schools are quiet, offering a perfect moment for reflection. The energy of busy hallways gives way to a more contemplative silence. What a great opportunity for educators, school leaders, and parents to think deeply. Are we doing everything possible to ensure uninterrupted education for every student?

Education is our most potent tool for positive change. It should be a steady and unstoppable force, but life’s unpredictable storms sometimes interrupt this journey. Take the recent COVID-19 pandemic, for example. It drastically increased the number of children facing uncertainty. The burden of orphanhood skyrocketed with the death of caregivers in India, Mexico, and Brazil, with each country seeing approximately 200,000 children affected by the end of October 2021. The vulnerabilities families face can profoundly impact children, affecting their access to education, healthcare, and even basic necessities.

Losing a parent or a caregiver has a substantial financial and emotional toll. Amid severe mental trauma and a daunting financial crisis, continuity of education becomes a challenge for these young minds. The most significant lesson events like COVID teach us is that life is uncertain, and the precious little lives that depend on us need assurance—they will be loved and cared for even after we are gone.

What should a parent do?

Parents and caregivers play a critical role in this ecosystem. They are the first line of defence against the uncertainties their children might face. Investing in an insurance plan that safeguards their child’s education should be the cornerstone of a family’s educational planning. It ensures that a child’s educational journey continues without interruption, even in the darkest times. With a little help from educational institutions, it can get easier.

When Educational Institutions Join Hands with Life Insurance   

It is an unlikely alliance… but can work wonders for crafting a secure future for a student. At Bandhan Life, we are partnering with educational institutions to offer insurance coverage to ensure continued education of children who have unfortunately lost the family's primary breadwinner with the EduLife Protect proposition.

With a nominal addition to the school fee, parents can pay the policy premium. This has allowed educational institutions, parents, and Bandhan Life to play an active role in building a secure future for the leaders of tomorrow.

What’s in it for Educational Institutions?

EduLife Protect is a strategic partnership that enhances the reputation of educational systems. By integrating it, your institution stands to gain in multiple ways: 

Financial Stability: The plan ensures that the education fees for students are secured in the event of a parent’s untimely demise. This helps maintain your school’s financial stability by guaranteeing continued fee payment without disruption.

Enhanced Support to Students: Schools can extend their support beyond academics to financial security, demonstrating a commitment to their students' well-being and continuous education. This is particularly crucial in maintaining student enrolment and attendance rates.

Reputation as a Caring Institution: Partnering with Bandhan Life positions your institution as a forward-thinking, caring entity that goes beyond basic educational duties to ensure the holistic security of its student body. This can significantly enhance your school’s reputation among parents and the community, attracting more families seeking a supportive learning environment for their children.

Customer satisfaction: At Bandhan Life, we try to honour every claim that comes to us, and that’s the reason why our Claim Settlement Ratio (CSR) is 99.37%. Read more in this blog.   

Bandhan Life’s Philosophy and Invitation

At Bandhan Life, we are dedicated to strengthening bonds to give wings to dreams and achieve ambitions. Our philosophy is deeply rooted in the belief that every child deserves a secure and uninterrupted education, regardless of life’s uncertainties.

We invite educational institutions to partner with us to integrate this protective layer into their framework, safeguarding every child's educational journey. Together, let’s transform the education landscape by making it a resilient, unstoppable force that survives and thrives, even in the face of adversity.

Write to me at mayank.ravi@bandhanlife.com to secure a brighter, unbreakable future for every child.