Student insurance policy: A must before going abroad for studies

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Student insurance: A must before going abroad for studies
Perhaps, you have toiled hard and your parents have gathered all the money required to help you pursue your career abroad. Sometimes, it can happen that you may not have planned for the cost of sickness abroad, death of a sponsor and travelling back to India for a sad death in the family or simply if you have been even repatriated back for non compliance.

So, before travelling abroad, it's time to plan for these things. Student insurance policy covers a host of things and mitigates most of the risks involved while studying abroad.

There are many companies in India that offer comprehensive student insurance policy. For example, ICICI Lombard's student Overseas Travel Insurance covers major medical, repatriation, evacuation, dental expenses, etc., and can be combined with the Plus Plan for additional coverages like medical expenses related to pregnancy, mental disorders, cancer screening, mammography and sports injuries.

The Tata AIG Student Guard Plus goes one step ahead. The company even goes to the extent of reimbursing tuition fee paid in advance for the ongoing semester if your studies are interrupted due to medical or compassionate reasons.

It also protects you from any eventuality to your sponsor. In case of death or permanent disablement of your sponsor, the company will reimburse remaining school fees up to a specified maximum limit.

In case of death or hospitalisation of parent or spouse Tata AIG Student Guard Plus covers your visit for a duration more than seven consecutive days, with cost of the round trip economy class air ticket.

In several cases, universities do provide insurance cover to their students, but, it does not mitigate all risks and would be inadequate.

It's always prudent to take a student insurance policy before you venture on your studies abroad and the one from Tata AIG and ICICI Lombard look good to mitigate risks. Read more educational articles on oneindia education

Story first published: Thursday, May 2, 2013, 9:09 [IST]
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