Know All About International Student Travel Insurance For Higher Studies

Young students face a variety of obstacles when studying abroad. First of all, you have a hard time getting used to all the differences in the nation you'll be calling home for a while or years.

Secondly, you must control your living expenses carefully because you are always on a restricted budget. If a health problem arises or another issue prevents you from studying abroad, it may put an unnecessary amount of stress on you.

In the event that you experience an unexpected emergency while you are studying abroad, student travel insurance may save your life. Additionally, in order to meet the requirements for admission, medical insurance is a requirement at the majority of foreign universities. This insurance protects you from unforeseen medical expenses and also enables you to satisfy such admission requirements.

What is covered by individual student travel insurance for studying abroad?

1. Health insurance: The company pays for your medical bills if you get sick or get hurt while travelling abroad. These consist of medical assistance, X-rays, other diagnostic tests, and in-patient and outpatient care. In any event where returning to India is required for medical reasons, the company may also pay for your airfare.

1. Dental care: The insurance company compensates your expenses in treating any tooth or teeth during your trip overseas.

1. Compassionate visit: Suppose you are hospitalised for longer than seven days, and your medical condition does not permit you to travel back to your native country. Moreover, no adult family member is present with you abroad.

In such a circumstance, the international student travel insurance policy may pay for a round-trip ticket to allow an immediate family member to be at your bedside at the hospital.

1. Treatment for mental and neurological disorders: Insurance companies may cover the treatment of mental problems, including alcoholism and drug abuse. This may be confined to in-patient hospitalisation (24 hours or more) provided by a hospital/nursing home.

1. Sports injuries: As part of the medical cover, companies also take care of medical expenses for sports injuries. These charges would be handled as any other medical expenses for an accident and will be subject to the terms of conditions indicated in the policy.

1. Personal liability: Imagine that you are legally responsible for an occurrence that results in someone's injury or property or health harm. In that situation, the company covers your liability costs up to the amount insured as per your policy.

1. Personal accident: In the event of a foreign accident resulting in injury or unfortunate permanent disability, a student travel insurance policy may offer coverage to the insured.

1. Study interruption: If you are hospitalised or if your study abroad programme is stopped for any other reason, you can request a tuition fee return in such a situation. Up to your insurance sum insured, the company may cover any outstanding fees that the institute does not return.

1. Loss of passport: If you misplace your passport while travelling overseas, travel insurance pays you compensation. Under this benefit, the insurance company pays for the costs associated with getting a new or duplicate passport.

Conclusion

In conclusion, a student travel insurance policy is a crucial line of defence for the thousands of Indian students who choose to continue their education in foreign colleges and universities. They are kept financially secure and mentally carefree while travelling.

• Standard T&C Apply
• Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
• Visit the official website of IRDAI for further details.
• All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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