If you are planning to send your kid abroad for higher education, then you should buy a student travel insurance plan over a regular one. A student travel plan is a type of insurance policy designed especially for students going overseas for studies. Studying at international institutes exposes you to several big opportunities and is indeed a big investment that shapes up your future. Although, planning for a prolonged stay in a completely new country may attract certain risks. Therefore, opt for a student travel insurance plan because it is always better to stay safe than sorry. Student travel plan not just takes care of your medical needs but also protects you from other damages and losses.
Who can be covered under the plan?
- Minimum age at entry of the policyholder should be 12 years
- Minimum age of prosper should be 18 years
- One needs to be in good health condition
A few key benefits of having Student Travel Insurance –
Medical expenses | Child care benefits |
Accidental death and dismemberment | Compassionate visit |
Loss of passport | Ambulance Charges |
Sickness Dental Relief | Suicide |
Hijacking Benefit | Physiotherapy |
Maternity Benefit | Repatriation of mortal remains |
Loss of checked-in baggage | Bail Bond |
Coverage for pre-existing conditions | Loss of laptop |
Things to remember While Buying Student Travel Plan –
- Cost factor: Insurance policies purchased in India are affordable as compared to the ones offered abroad. Therefore, students should take a genuine attempt to know the plan in detail and do a comparative study.
- Claim settlement ratio: Students need to check the claim settlement ratio of the company from where they are buying their insurance cover.
- Policy deductible: Policy deductible is the out-of-pocket expense that students have to bear before availing health insurance benefits. Remember, the lower the policy deductible, the higher would be the premium. So, students need to keep this factor in mind before picking an insurance cover.
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