One of the first things that come to a person’s mind who is planning to go abroad is financial security. Obtaining a degree from a foreign university is already a costly endeavour, which can become even more challenging if you face any unforeseen emergencies such as a medical problem.
The cost of treating diseases and covering necessary expenses can be surprisingly high, especially if you are in a foreign country. Therefore, if you are going abroad to further your education, you should consider student travel insurance covering the widest range of financial hazards. To avoid these unusual costs, it is preferable to purchase student travel insurance, which provides financial protection in the event of an unexpected catastrophe.
Several out-of-pocket expenses are covered by student travel insurance. But, first, let’s understand how it works!
How Does Student Travel Insurance Work?
Student travel insurance is meant for individuals who are going to another country for their studies. This is a financial product designed to provide financial security against unforeseen occurrences. A student travel insurance policy ensures that international travel fees do not burn a hole in your wallet, preventing you from pursuing your ambition of studying abroad.
Features of Student Travel Insurance
Overseas student insurance has some characteristics that set it apart from other types of travel insurance. Here are some features of a student travel insurance plan which you will find with most insurance companies:
- Eligibility Criteria
Usually, anyone between the ages of 16-35 can purchase student travel insurance in India. However, this may be different depending on the particular insurance provider that you select.
- Student-Specific Benefits
All student travel insurance policies for abroad include certain coverages that are specifically designed to protect you from any unforeseen circumstances that may arise during your time abroad. These may include loss of tablet/laptop, sponsorship protection, study interruption, tuition fee waiver etc.
- Cashless Hospitalisation
Some student insurance policies also offer cashless hospitalisation facilities. This means if you were admitted to one of the insurance provider’s network hospitals while abroad, you will not be required to pay the hospital bill at the time of discharge.
- Worldwide Coverage
With the best student travel insurance policy in India, you will enjoy worldwide coverage, no matter where you choose to study.
- Extension Facility
There may be a situation where the exams have been postponed or the course duration has been extended. In this case, you can easily extend your student travel insurance coverage to cover the duration of your stay abroad without any problem. Moreover, there is an auto-renewal option available with some insurers to renew the policy without any hassle.
Benefits of Student Travel Insurance
Here are some benefits of student travel insurance you should know:
Comprehensive Medical Protection
One of the most important features to search for is medical insurance coverage. It serves as a financial safety net in the event that travel-related difficulties, such as health risks, arise. For example, a comprehensive student travel insurance plan will ensure that your medical expenditures are covered if you become ill or have an accident while travelling.
Coverage for Journey and Stay
Other benefits of student travel insurance plans exist, such as coverage for delayed or lost baggage, lost passports, missing a connecting flight, and other travel-related difficulties. Student travel insurance can also protect your personal savings, which you would otherwise have to spend in the event of an emergency.
It might be thrilling to study in a different nation and immerse yourself in the culture. However, if something goes wrong, it can quickly become a terrifying situation. Therefore, make sure you understand why and how to buy student travel insurance to safeguard yourself against such possibilities. Most importantly, it is crucial to go with trusted insurance providers such as Care Health Insurance to get affordable and valuable benefits with your student travel insurance policy.
Head to their website to know more details and secure your trip abroad appropriately!