Mumbai, September 20, 2024: Flashaid, a Mumbai-based insurtech startup, has launched protection plans for universities and school students dealing with skill gaps leading to unemployment.
The “Student Total Protect” plan by Flashaid offers comprehensive financial security— education protection, health coverage, and career placement assistance. Students and their Parents can confidently rely on this plan to keep their educational and professional paths uninterrupted.
According to the NSSO (2019) survey, one in five students drop out of formal education annually due to unforeseen circumstances. To tackle this growing problem, Flashaid has partnered with more than ten universities and schools and is in the advanced stages of closing 100+ such institutions in the next year.
One such partner – Ghazali Sami, Director of Outreach and International Affairs at Integral University in Lucknow, said, “Flashaid offers excellent health insurance packages for students that cater to their needs during their studies. Since we work closely with international students, we must ensure their health coverage through these customized products. Flashaid has effectively met this need for organizations systematically, helping us grow efficiently.”
Talking about the plan, Gunjali Kothari, the Founder of Flashaid, said, “Education is crucial for securing well paid jobs and supporting families. With rising fees in India, protecting academic progress is essential.” Flashaid’s plan covers all the remaining school or college fees if students lose their paying parent or guardian. According to the government, ‘Educated Unemployment’ stands at 7.3% as per PLFS 2023, leaving graduating students with loans and no immediate employment. In this scenario, Flashaid’s Placement Protect offers various opportunities for students from top-tier colleges who are unemployed after completing their programs, along with placement assistance and internship opportunities in top Indian startups.
Flashaid also provides various Health Protect Plans, which offer preventive care with mental wellness programs, tele-consultations (doctor on call), and hospitalization expenses.
The UGC guidelines emphasize the importance of student safety and well-being during trips and study tours, mandating that colleges ensure their physical protection.
Flashaid, Founded by Manoj Gupta and Gunjali Kothari, offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and various embedded solutions to its partners.
Earlier this year, the company closed a $2.5 million in Pre-Series A funding round in April.
To learn more about flashaid: www.flashaid.in
