Student Travel Insurance
Sending your child abroad for higher studies? Lots of planning to do. Keeping up with the visa department, completion of college formalities, lots of documentation, accommodation arrangements is not a simple task. The last thing which will come to the mind is an insurance policy. What you think that a student has to struggle most with, in the foreign country? Studies? No! Every foreigner has to struggle with the climatic and socio-economic changes. These may affect the health and the well being of any person. An overseas Individual Student Travel Insurance policy provides coverage for various contingent events that happen in a foreign country to a student.
University coverage vs. overseas travel insurance
Many universities provide health coverage to the students on their own while some make it necessary to arrange one. The insurance provided by the universities do not cover the personal expenses and needs outside the study period. A correct insurance policy may provide coverage against the events such as-
- Medical expenses: the cost of medical treatments very high in developed countries and that too in the powerful currency. An overseas insurance policy covers the hospitalization expenses, consultations, dental care and other expenses.
- Loss of luggage: if you are in a foreign country, you must be having many valuable gadgets, clothes in your bag and cash. The socio- economic changes put you in a compromised situation and decision making might be risky. Local laws are still unclear. Any contingency at this point of time is very de-motivating. But if covered under the plan, such losses will be reimbursed by the insurance policy and your peace of mind can be restored.
- Trip cancellations: if you are planning to return to home in the vacations but your university starts up an internship session, your pre- booked ticket expenses will not be on your head. All the sudden trip cancellation is also insured.
- Personal liability claims: a student might find himself in a situation where he is liable for undesirable legal cost. Such personal liability claims are also insured in the policy.
Many insurance policies cover tuition fees, sponsor protection also. The choice for the correct policy must be based upon – flexibility and the size of the cover, hospital network, claim settlement process and benefits apart from medical one.
While opting for such covers, one must read the terms and conditions regarding deductions and sub- limits. These are the amounts which one has to pay from his/ her own pockets. It is also advised to carefully read the insurance specifications of the university itself as many universities do not accept the insurance by some Indian insurers. While some universities provides better benefits in terms of covers and services than the insurance policy itself.
Last but not the least, whether insured or not, it is always advised to do a research about local laws and socio- economic trends of the country you visit. Any accident on the foreign laws will put you in an uninsurable trouble. Bon Voyage!
Recommended Read :
- Why Do We Need Travel Insurance?
- Benefits and Features of Having Travel Insurance
- Types of Travel Insurances
- How to Select a Travel Insurance Plan?
- How to Claim Travel Insurance?
- Role of TPA in Travel Insurance
- Travel Insurance Common Questions Answered
- Overseas Individual Student Travel Insurance
- Bail Bonds in Travel Insurance
Are you planning to travel abroad for higher studies? Get yourself an overseas individual student insurance. Such an insurance can give you real peace of mind as it covers a lot of conditions that an individual might face when studying in a foreign land. If spending a little more on insurance services can give you peace of mind then there is no reason as to why one should not buy it.
Studying abroad may be a dream for many people,and this task requires not only lot of paper preparation but also one has to be insured as well. One should go for overseas student insurance. This step can help one to assure about one’s health,in any cancellation situation or many other situations one may face ,when out of the country and that too for education purpose. This article is a complete package of all the possibilities and the benefits of an insurance policy outside a country.
Considering the cut throat competition in education sector these days, it becomes obvious to go abroad for studies and yes there are other things other than just visa, passports, and accommodation.The insurance. The travel insurance to be specific.One of kind services and ultimate safety.Every aspect of it neatly covered.
It’s important to consider to where the student is traveling before taking an insurance policy for studying abroad. Some places of study have a higher risk for getting infectious disease, while some areas might have a higher risk of theft and burglary. These considerations will help save money in the long run so you can cover what is most likely to happen.
Students travel insurance insures the students studying in foreign countries against medical emergencies, loss of luggage, trip cancellations, legal costs and sometimes tuition fees too. The terms and conditions of this type of insurance policy must be carefully considered. This insurance has reduced the worries of parents who send their children abroad.
To send the children abroad for higher education is a dream for both the parents and the children. With major differences in socio-economic situations combined with our weak currency, to survive in such situations is a task in itself. But, however conditions are always not such harsh particularly when safety cushions like travel insurance is available. When should surely find the various pros and cons of the insurance provided before settling for the one that suits the best.