Importance of Student Travel Insurance

Education in a prestigious university or institution in a foreign country will enhance your career growth. Many young students are able to fulfill their dreams by pursuing the best educational courses in a foreign land. Your education and career prospects should not be deterred by any means. The unexpected risks in various forms should be covered by a comprehensive student travel insurance plan. You should Get Student Travel Insurance as it is mandatory for many foreign universities. Further, you can protect your interests in the best possible way by choosing the most appropriate insurance policy. 

Benefits of student travel insurance 

• Tuition fee – The insurance company will repay the tuition paid to the university or educational institution as per the terms and conditions mentioned in the insurance plan. If you paid tuition fee advance, you will be benefited by the insurance plan. 

• Accident coverage of sponsor – If your education is sponsored by another person and something goes wrong with the sponsor, the insurance company will let you continue your studies. The student travel insurance policy can be claimed by the policyholder so that the tuition fee and other expenses will be paid (as per the policy wording) by the insurance company. 

• Loss of baggage or passport – The loss of baggage or travel documents should not land you in trouble. The insurance company will come to your rescue and you will get monetary compensation towards the loss of baggage. If you lose your passport, the insurance company will make arrangements to get a new policy. 

• Trip cancellation – The planned trip might be canceled due to valid reasons. These uncertainties will be covered by the best travel insurance policy. 

• Violent situation – You might be injured due to violent protest. When you buy a travel insurance policy, the risks are covered by the policy and there will be a quick financial relief for the policyholder. 

• Family visit – If the student suffers from serious illness or accident, the insurance company will pay the travelling expenses for the accompanying person. 

• Personal liability – If you break laws in a foreign land due to ignorance or some other reason you might want to pay hefty penalties. The personality liability clause will protect your interests and the insurance company will cover the financial damages in a very efficient manner. 

• University requirements – The student travel insurance policy should be bought as per the provisions of the university. The policy should fulfill the criterion of the university. If you buy a student travel insurance plan in India, you can apply for a waiver form so that the amount paid to the university towards insurance will be refunded. You can get more information from the official website of respective universities. 

• Support service – The insurance company will offer the best assistance in various aspects. It will manage a network of hospitals where cashless treatment will be provided. Paying hospitalization and treatment costs in foreign currency will be enormous amount and it may drain your chances of the continuation of education in the foreign land. The insurance company comes to your rescue and you will be able to overcome unfavorable and hostile conditions in the best possible way. The student travel insurance policy will cover various risks so that you will have absolute peace of mind. 

• Deductibles – As you buy student insurance plan from a reputed insurance company, you should be aware of the deductibles on the insurance policy. Deductibles are the amount that should be borne by the policyholder. 

Buying an insurance policy in India 

There are various insurance companies offering Travel Insurance For Students. You can buy a travel insurance online or offline from Indian insurance companies. The insurance premium can be paid in Indian rupees and the benefits can be obtained in foreign currency. 

There will be great savings by buying a travel insurance policy in India. If you would like to buy an insurance plan in a foreign country, you will want to pay 3 times the premium amount that you pay in India. Hence, it is advisable to pay the premium in India to make the most of your money. 

Coverage of medial and travel benefits 

You can Get Student Travel Insurance in India that covers the medical as well as travel benefits. If you buy an insurance policy from the university, it will cover medical risks that take place on the university premises. 

Conclusion 

It is advisable to have a comprehensive student travel insurance policy to make the most of your investment. The travel or health emergencies will cost you much. Hence, you should choose the best policy offered by a reputed insurance company. The service in terms of information and claim settlement offered by the insurance company will make a real difference. Hence, you should do your homework to buy the best student travel insurance policy in India to protect your financial interests. 

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