Education insurance refers to many different types of insurance that can be obtained by students, educators and schools. The most common types of education insurance are those that students get. A great example of this type of insurance is tuition refund insurance, which reimburses tuition fees for students who have to withdraw from school due to an illness or injury. Other types of education insurance include student health insurance and student travel insurance. Education insurance can be a smart investment for some students. However, it should be noted that students can generally afford only a limited amount of insurance payments each month and there are other types that are more important than education insurance - like car insurance and life insurance!