Student Insurance – Your Children are Covered 24/7, Even During School Breaks

Personal Accident Insurance for students provides every student in Israel, from kindergarten through high school, with insurance coverage that includes financial compensation. The cost of student insurance is set by the Knesset and is collected as part of the mandatory parental payments.

Every student in Israel, from kindergarten through high school, is covered by a group personal accident insurance policy, known as Student Insurance, provided by the local authority responsible for educational services in the community.

Parents pay for student insurance as part of the parental payments collected by the education system. The amount is subject to a maximum cap determined by the Knesset Education Committee. As of 2019, the annual cost is NIS 49.

The terms of coverage are uniform for all parents and all students throughout Israel.

What Is Personal Accident Insurance?

Personal Accident Insurance is a policy that provides the insured individual or their family with financial compensation in the event of an accident-related injury. This type of insurance covers a wide range of accidents and is valid 24/7, wherever the insured may be, including abroad. Coverage includes: Temporary disability, Permanent disability, and Death resulting from an accident.

Compensation is paid in all cases, regardless of liability for the accident or fault.

In personal accident insurance, the compensation amounts are determined by the insured and, naturally, affect the policy's cost. The use of the compensation funds is entirely at the insured's or the beneficiaries' discretion.

In student personal accident insurance, which is a group insurance policy, the coverage amounts are determined by the authorities through a competitive student insurance tender conducted among insurance companies.

What Is Important to Know About Student Personal Accident Insurance?

• Student insurance is valid year-round, including during school vacations, and also covers accidents that occur outside the educational institution (kindergarten or school) and outside the framework of school activities.
• Coverage does not include work-related accidents, which are covered by the National Insurance Institute, nor does it cover acts of war or hostile acts. Additionally, motor vehicle accidents are not covered under student insurance.
• A student may file a claim under the student insurance policy up to age 21, including for accidents that occurred in the distant past.
• The insurance arrangement also covers parents who participate in activities within the educational institution.
• The insurance company is required to provide students’ parents with a copy of the current policy under which their children are insured.

So what should I ask the Insurance Agent?

Student personal accident insurance is an important consideration when planning a comprehensive family insurance portfolio. Your Insurance Agent will be able to extend your knowledge regarding everything pertaining to your children's student insurance.

You may also acquire private Personal Accident Insurance policies for your children. Moreover, when traveling abroad, it is possible to include a Personal Accidents coverage within your Travel Insurance Policy. Consult your Insurance Agent.