Educational continuity
Covers the expenses needed for the student to complete their educational cycle at the institution in the absence of their father, mother or guardian.
Student Scholarship
Group life insurance
Group insurance for educational institutions that ensures students' continuity in school in the event of the absence or total and permanent disability of their father, mother or guardian.
Ages 18 to 75
Why choose Student Scholarship?
A group insurance policy so that the students of your institution can continue their studies, no matter what.
School expenses
Enrollment, monthly tuition, uniforms, supplies, computer, transportation, meals and graduation trip, according to what the institution contracts.
Home support
Funeral assistance and monthly household income, among other everyday needs of the student, as contracted.
Direct payment
Educational expenses are paid to the institution in a single payment; household expenses, to the student or their guardian.
No waiting period
The assistance add-on has no waiting period: it is activated with a call to the number on the certificate.
The institution takes out the policy
The educational institution is the policyholder and chooses the coverages and expenses it wishes to insure.
Parents and guardians are insured
Parents or guardians of enrolled students are included, starting at age 18.
BMI is notified
The institution or the beneficiary reports the event to BMI in writing within 7 business days.
BMI pays
Once the complete documentation is received.
Document Downloads
Student Scholarship coverage
Basic coverage
In the absence of the father, mother or guardian for any reason, BMI pays the contracted educational expenses in a single payment to complete the educational cycle.
Total and Permanent Disability
Optional rider with additional premium: protects the student if their father, mother or guardian becomes totally and permanently disabled.
Assistance services
Optional rider: medical, funeral, legal, auto, travel, home, pet and Wellness assistance.
Contracting modality
Contributory, if the parents contribute part or all of the premium, or non-contributory, if the institution pays it in full.
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It is an insurance designed to help ensure the continuity of the children's education in the event of the parents' death or a total physical disability covered by the policy.
Its purpose is to provide financial support so the student can complete their schooling and to help cover certain educational and family expenses during the coverage period established in the policy.
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It may include expenses such as tuition, school supplies, uniforms, meals, transportation, graduation, a computer, monthly household rent and other items established in the policy. The items, amounts and coverage periods must be verified in the contracted conditions.
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The benefit may apply in the event of the death or total physical disability of the parents, provided that the event is covered and the requirements established in the policy are met. To request it, the corresponding documents must be submitted and the process indicated by BMI followed.
