Why Your Overseas Education Needs To Be Supported With Travel Insurance

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Every season, two to three lakh students pursue higher education overseas. In addition to other preparations, these students must obtain insurance coverage. A tailored insurance plan for students going abroad is called student insurance coverage. In nations like the US, Australia, and the Schengen Area, insurance is required for students. Given the high cost of medical care abroad, having student travel insurance is advised even if the university does not need it. *

What’s Included When Selecting Insurance

Students should consider the following crucial coverages in addition to medical benefits:

  1. Tuition Fees: Full reimbursement of pre-paid fees if a student cannot attend college for a listed reason.
  2. Accident To Sponsor: Cover the costs for the person funding the research in the event of an accident by policy provisions.
  3. Family Visit: The company will cover the cost of a family member’s visit in case of a severe illness.
  4. Personal Liability: It’s possible that someone willfully violates a foreign law because they are unaware of it. In this instance, the business pays for the same as the policy specifies (for specifics, see the policy wordings).

Things To Think About

  • Deductibles: The policy’s deductibles—or the amount the student is responsible for paying—must be reviewed by the student.
  • Assistance Services: The assistance services that an international travel insurance company can offer abroad should also be considered. The hospital network and the claims settlement process are also crucial in an emergency.
  • Academic Requirements: Certain universities have insurance requirements unique to international students. These specifications are listed on the university websites. Universities will accept insurance from the student’s home country if they meet the requirements. To get a waiver of having to purchase it from the college, one must fill out the waiver forms found on the university websites.

Why It Is Necessary To Purchase Student Travel Insurance In India

The cost factor is one of the main benefits of purchasing student travel insurance from India. India charges premiums that are as little as one-third that of what is offered overseas. Additionally, the policies purchased from India offer greater coverage because they combine international travel insurance and medical insurance. Claims are subject to terms and conditions set forth under the travel insurance policy. *

In contrast, the university’s policies only provide medical insurance and typically only cover injuries sustained on campus. Sufficient insurance is always a good idea to avoid negatively impacting your finances with trips or medical crises. Most universities state the minimal requirements, but it is usually a good idea to have between $50,000 and $200,000 in coverage for the US and Canada and between $50,000 and $200,000 for the UK, Schengen and other nations.

All prices mentioned are dynamic in nature and subject to change with time.

The information provided is for general purposes only and is not intended as substitute for professional or expert advice. Appropriate guidance or consultation from relevant authorities for travel-related concerns and queries is recommended.

Obtaining travel insurance is essential for anyone pursuing an overseas education. It is a crucial safety net, providing financial protection against unexpected challenges like medical emergencies or trip cancellations. With the complexities of living in a foreign country, having reliable insurance ensures peace of mind, allowing students to focus on their studies without constant worry. In the pursuit of global education, travel insurance is a responsible investment that safeguards financial interests and enhances the overall experience of studying abroad.

*Standard T&C Apply

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.

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.

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