Students traveling abroad should ensure that they have a proper student insurance plan which will cover them in case of need.
Student Insurance is specifically designed to meet the needs of students who are traveling abroad for studies. Such policies are focused and provides both medical and non-medical insurance coverage.
However, at most of the foreign universities it is mandatory for students to get travel insurance coverage.
Why you should take a travel insurance before flying?
Medical expenses incurred abroad are very expensive when compared to India. So, students should go for it before traveling.
The insurance premium will be cheaper when compared to premium abroad.
When you have an insurance policy, there is mental peace for parents as well students who need not bother about the expenditure.
Here are some of the features to look for in insurance plans:
1) Interruption in Studies
Only a few students can consider themselves lucky to have cracked the exams and get into the desired college.
While considering travel insurance, one should check whether the policy covers reimbursement for the remaining part of the current college semester fee if the studies are interrupted.
2) Medical expenses
When a student arrives in a foreign country there are chances of medical emergency due to a change in environment, lifestyle, and various other reasons.
Student Medical Insurance should cover:
- Cashless medical treatment
- Personal accident
- Reimbursement of Health Expenses
- Pre-existing Medical Condition if any
These are some basic things which need to be considered. Some also cover treatment for mental and nervous disorders, medical expenses related to pregnancy, and childcare benefits.
3) Loss of Baggage and Other Items
Insurance policy should cover loss of baggage, loss of passport, missed flight connection, trip cancellation & interruption.
One can also get emergency cash as well depending on the type of coverage one has sought.
Also read: What Does Travel Insurance Cover?
There are other facilities provided such as two-way compassionate visit for student's parents if the student is hospitalized. Individuals who are already having such insurance policy can renew it online.
ICICI Lombard Overseas Student Travel Insurance, TATA AIG Student Guard Plus, Bajaj Allianz Student Elite Plan are some of the popular insurance products one can consider.