Student travel insurance gives protection from accidents, theft and illnesses. If you are planning for studies in abroad, you should possess international student travel insurance. The insurance plan enables you the payment of medical bills, hospitalization expenses and other expenses. Students can avoid large financial losses can be avoided by possessing the best student travel insurance plan.
Is it necessary?
The cost of medical treatment in abroad is very high. The student travel insurance will help avoid major financial stress. The insurance plan will also cover medical emergencies, flight cancellation & curtailment, loss of personal possessions, sports activities, accident to sponsor, family visit and 24-hour emergency assistance.
If your plan includes ‘bail bond’ rider, you will get bailout amount when you are arrested under for bailable offense in a foreign country. If you are buying a student travel insurance policy in India, you should ensure that the policy is accepted by the overseas university. You can get an online policy instantly from top insurance companies in India and the travel insurance plan is issued at the lowest premium.
What is covered by the insurance plan?
You should choose the student travel insurance policy as per your needs. You are advised to compare various travel insurance policies offered by different insurance companies in India. You can get additional information about the plan from the insurance provider. It is possible to buy the best product online at best premium so that you can save time and effort. The travel plan will cover the risk so that you will have great peace of mind and you can focus on studies without any issues.
• Medical expenses (due to accident, sickness, disease and death)
• Expenses involved in transportation of the dead body or burial expenses
• Evacuation to India due to medical emergencies
• Dental surgery due to injuries on the current stay
• Compensation due to permanent dismemberment or death due to accident
• Loss of passport (the cost involved in procuring the new passport is covered)
• Loss of baggage due to mistake committed by the carrier
• The amount spent on return flight ticket towards the family members who are on a visit to see you
• Amount paid towards bail in case of apprehension by judicial authorities due to a bailable offense.
• Tuition fee reimbursement due to discontinuation of education on medical issue
• Reimbursement of tuition fee on death of sponsor
What is not covered by the insurance plan?
The student travel insurance plan comes with certain exclusions. They are mentioned below:
• Suicide
• Mental disorder
• Depression, stress and anxiety
• Alcohol or drug abuse
• Venereal disease
• HIV/AIDS
The travel insurance will not apply under the following circumstances:
• Registered or undergoing a medical treatment
• Travel abroad to get medical treatment
• Suffering from terminal disease
• Baggage lost due to negligence (or not reported to police)
• Damage or loss of checked-in baggage
• Situation that arises due to war or nuclear threat
What are the important factors?
• Age- If your age is in between 16 and 35, you are eligible to buy student travel insurance plan.
• Affordability - If you buy policy in India, it will be cheaper than a policy bought in a foreign country
• Mandatory - Health insurance plan is mandatory for most of the universities in foreign countries.
• Better policy - You are advised to buy a student travel insurance plan which is far better than the health insurance plan offered by the foreign university. The travel insurance plan purchased in India covers better and the premium will be low.
• Get refund - The premium is included in the tuition fee collected by the foreign university. If you have subscribed to a travel insurance plan in India, you can get a refund from the university.
• Renewal - The policy can be renewed automatically so that your stay will not be disrupted. You can buy extension policy in advance by using the online facilities.
• Compulsory coverage - You should be aware of the specific mandatory risk coverage against drug abuse, mental disorder, alcoholism, pregnancy, mammography, cancer screening and sports injuries.
• Pregnancy - The pregnancy and childbirth are not included in the travel insurance plan. There are certain exceptions to deal with emergency situations. However, the age of the woman should be less than 38 years and pregnancy should be less than 38 weeks.
• Discontinuation of studies - Certain conditions warrant the student discontinuation of studies. The death of sponsor, loss of family member and hospitalization of the candidate due to accident or illness will be covered by the insurance plan. The student will get the tuition fee as the risk is covered by the insurance plan.
Conclusion
If you are studying alone in a foreign country, it is wise enough to go for student travel insurance so that uncertainties will be covered in a very efficient manner. The travel insurance will cover various contingencies and it will minimize your expenses.
For more info and news visit PolicyBazaar Google+
No comments:
Post a Comment