In addition to your travel plans, potential part-time jobs, housing possibilities, and other considerations, there are numerous other things you should keep an eye out for, if you want to study abroad.
You will be in an unfamiliar environment with few resources, so you should be adequately equipped in case the unexpected occurs. If you don’t have student travel insurance, hospitalisation and other medical costs could severely strain your budget.
What is travel insurance for students?
Students who meet the requirements of the student travel insurance policy are financially protected against unanticipated events that may arise during a typical travel itinerary. These policies often cover both – the trip and the student’s health insurance.
Eligibility for student travel insurance
- Generally, anyone between the age of sixteen and thirty-five is eligible to apply.
- He or she must be enrolled in a course at an accredited higher-education institution and take classes full-time while studying abroad.
- Each student is limited to a single travel insurance coverage* plan throughout the allotted time.
Travel Insurance for Students: Features and Advantages
- Pays for various costs, including lost luggage, hospital stays, visits to relatives, injuries to sponsors, and other unforeseen expenses.
- Broad coverage services, including:
- Study interruption
- Bail bonds
- Two-way flight coverage for sympathetic family visits
- Sponsor protection
What is covered by student travel insurance?
- Costs associated with the covered person’s emergency medical evacuation to India
- In the event of an untimely passing away of the insured, the transport expenditures resulting from the transfer of the insured’s mortal remains back home or for burial abroad are covered
- Medical expenses arising out of medical crises while abroad, such as any sudden injury, illness, or passing away
- Dental care and related costs
- Accidental injury while travelling abroad
- Compensation for a personal injury sustained while a passenger on a common carrier while travelling abroad that results in death or permanent incapacity
- Loss of personal belongings or luggage by a shared carrier
- Passport loss and associated costs associated with replacing or obtaining a duplicate passport
- If an insured person has been hospitalised for seven days or more, the cost of a return ticket is covered for a family member visiting the patient
- If the policyholder’s education is interrupted due to a medical emergency, the paid semester cost is repaid
- If the policyholder is detained or arrested by authorities while travelling overseas for a chargeable offence, the bail sum is paid to the relevant authority
- The insured student’s tuition payments are reimbursed if the sponsor paying their fees passes away due to an accident
Important facts to keep in mind when buying student travel insurance
If you have purchased a student travel insurance policy but did not go during the policy period, most insurance providers may reimburse the payment. A few documents must be presented to confirm that the insured has not travelled abroad. These are the documents:
- A photocopy of every passport page
- A reasonable justification for cancelling the insurance
- The visa rejection letter must be presented if the trip was postponed because the Embassy refused to issue a visa
Conclusion
To reduce financial risks, it’s essential to purchase a student travel insurance policy if you intend to study outside of India and remain abroad for an extended period of time. It covers a range of medical and non-medical concerns to make sure the student travelling abroad has a comfortable transition.
*Standard T&C Apply.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
