Is it permissible for a student residing in France to obtain a student loan, being compelled to pay a small amount in exchange for guaranteed exemption from the loan in the event of death, knowing that he has already signed the contract but has not yet received the money, and that he has a monthly salary and is able to ask his father for money?

A Muslim must seek out what is lawful, and we thank the questioner for verifying these transactions. If the lending institution stipulates an amount for insurance, then if it is cooperative insurance, it is permissible and there is no objection to it, as it falls under the category of securing a debt. However, if it is commercial insurance, it is not permissible to participate in it, nor to proceed with a loan conditioned upon it, except in cases of necessity, and there is no necessity in what was mentioned.