Student Travel Insurance Policy Your Safeguard While Pursuing Further Study Abroad
Student Travel Insurance : Indian students are increasingly attending international universities for higher education in search of better prospects.
According to Bureau of Immigration data from earlier this year, more than 1.33 lakh Indian students traveled abroad to pursue higher education.
Going away from home does not, however, come without certain risks.
It is crucial to not forget to protect yourself with a student travel plan if you're one of the aspirants hoping to pursue higher education overseas.
The coverage comes in handy in the event that anything unexpected happens while you're visiting.
What is the need for a Student Travel Insurance Policy?
Anyone traveling abroad for academic purposes is covered by student travel insurance.
Travel insurance for students studying abroad is packed with special features to protect you from any astronomical costs when you're traveling alone in a foreign place due to the sky-high rates and pricey medical care overseas.
The majority of these policies include conveniences for the insured student, like auto-renewal options and policy extensions.
Therefore, if you're going overseas for higher education, you should protect yourself with the finest student travel insurance plan to reduce your chances of facing financial difficulties due to unforeseen or bad events.
Making student travel insurance a high priority will give you protection from unforeseen costs like lost luggage, flight delays, medical expenses, laptop loss, legal costs, etc.
This is because being prepared for a bad situation in a distant place is more reasonable than expecting nothing bad will happen to you.
Moreover, its absence might require the new settlers to pay out of pocket, which could influence the overall funds.
In most cases, purchasing the plan from your native country makes even more financial sense because it is cheaper there.
Additionally, according to data from the Bureau of Immigration, many students travel to the US to pursue their education.
Therefore, student travel insurance will only cost about 1–1.5% of the total cost of a one-year postgraduate programme that costs more than USD 25,000.
This is a reasonable price to pay to secure one's safety and wellbeing while traveling alone in a strange country.
Additionally, depending on the academic semester, one should not forget to seek for extensions if needed.
Furthermore, student travel policies shouldn't be compared to university health programmes or national policies because they only cover medical difficulties and don't take into account situations like visiting surrounding cities and academic-related problems.
Due to geographical restrictions, a trip to Mexico or Cuba for US-based students might not be covered.
What is the Eligibility for Travel Insurance?
The student policy is intended for those who are between the ages of 16 and 35, hold valid passports, and are studying full-time in courses at authorized colleges or universities.
Check some more details about Student Travel Insurance below:
Categories
Specifications
What is Eligibility?
Indians between 16-35 years who are pursuing higher education abroad
What is the Duration Covered?
Can range between 1-3 years
What Benefits are Offered?
Medical Expenses Cover
Passport Loss
Delay/Loss of Baggage
Personal Liability
Maternity and Childcare Benefit
Loss of Laptop
Sponsor Protection
Study Interruption
What is not covered?
Pre-existing Diseases Medicines
Self Inflicted Injuries
STDs
Mental/Nervous Disorders
Experimental or Alternative Treatments
What is the status for Renewal?
Automatic Renewal Available
How Important is Travel Insurance for Indian Students?
If you are studying abroad and living alone, there is a chance that something will go wrong and you will need assistance or backup to deal with it.
For instance, an unlucky incident resulting in an emergency hospitalization can drain your bank account because medical costs are 3–4 times greater abroad.
In the event of a medical emergency, students who are studying abroad may also get visits from their families, necessitating additional financial support.
What are the Features that Guarantee Complete Security when Traveling?
1. Delay and loss of luggage - For students, problems like lost luggage or travel delays can be terrifying.
Therefore, a travel insurance policy is essential since it protects them from costs incurred in such situations.
2. Passport loss: The policyholder is protected against the costs associated with this loss.
3. Medical insurance - The cost of healthcare outside of India may be too great for a student's budget.
Therefore, since it eases the burden of hospital costs, a student travel insurance policy that provides cashless medical care at network hospitals is advised.
Reimbursement is given to non-network hospitals following the submission of a claim for the full amount of the bill.
Dental costs, medical evacuation, body repatriation, and permanent impairment are further items.
4. Compassionate visit - In the event of an emergency, the majority of insurance companies will pay for family members to visit.
What Else is Covered in the Insurance?
5. Fee reimbursement - This rule is useful if a student needs to go home for medical reasons but has already paid all or part of the fees for the current semester.
6. Laptop theft: For the duration of the course, students heavily rely on their laptops. Losing it might cause severe emotional and financial anguish.
Therefore, choosing a plan that compensates for these losses is excellent.
Is it Mandatory to Get Student Travel Insurance?
In the majority of nations, in order to enroll in colleges or universities, international students must have a current student travel insurance policy.
Many nations, including the Schengen region, have strict requirements for international student travel insurance policies before they would issue students with a valid visa.
The students have two options: they can choose the student medical insurance provided by their university overseas, or they can purchase an international student insurance policy from their country before traveling abroad.
It is advised to buy a domestic student travel health insurance plan because they are less expensive and are available.
Can Cancellation be Done?
The policy offers cancellation and premium return choices if the insured person hasn't traveled during the period.
Send a letter stating a good explanation for this 15 days in advance or 7 days after the trip. Include copies of your passport as well as any supporting documentation, such as a visa denial letter or a medical certificate.
Before selecting your plan, don't forget to carefully review the terms and conditions and assess the numerous features.
How to Claim Insurance Amount?
You never know when you'll need to make a claim during your stay in a foreign country.
Contact your insurance company right away to let them know about the loss brought on by a claim. You can do this by emailing them or contacting their hotline number.
Get in touch with your insurance provider as soon as you can in the event of an unexpected accident or illness where it is not possible to tell your insurer well in advance.
You need to get a medical exam if your insurance company demands it. This will typically be covered by your insurance company's policy.
Most student travel insurance claims can now be readily filed online or through specialized mobile applications.
Conclusion
When you go to another country to study, you run the chance of experiencing a variety of undesirable or unexpected circumstances.
Unfortunately, things like lost luggage, lost passports, accidents, and medical emergencies can happen at any time.
If you have travel insurance, it protects you from all such occurrences. So make to get insured before you travel abroad for your studies.
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