Do you dream of studying abroad? Do you want to turn your dreams into reality? If so, you might already be aware that travelling internationally can be expensive, with high airfares and other costs. If you want to make your experience smoother, hassle-free, and budget-friendly, then choosing a student travel insurance plan is an ideal choice.
Student travel insurance is a dedicated insurance plan designed for students that may help them study abroad without worrying about medical and non-medical issues. Since it combines health and travel coverage, it may cover unexpected expenses related to medical emergencies, lost or stolen documents, personal liability, interruptions in your studies, and other risks you might encounter while living in a new country. Furthermore, many universities abroad now require students to purchase travel insurance online before they arrive.
Top 10 Student Travel Insurance Plans in India
Though there are many student travel insurance plans in India, we’ve compiled a list of the 10 most popular ones. Let’s take a look at them.
1. Globetrotter- Overseas Individual Student Travel Insurance (ICICI Lombard)
Launched by ICICI Lombard, Globetrotter- Overseas Individual Student Travel Insurance is designed to protect you during your time studying abroad. If you face an emergency, such as a medical issue, this insurance plan can help you manage those situations. The policy not only covers unexpected medical expenses but also ensures that you may have peace of mind. Students can purchase the Globetrotter travel insurance for up to 730 days which gives you extended coverage throughout your studies.
2. Reliance Student Travel Insurance
Reliance Student Travel Insurance is one of the best student travel insurance plans in India is that it is specifically designed for students studying at foreign universities. It offers four different plans with coverage amounts ranging from USD 50,000 to USD 500,000 and premiums starting as low as Rs. 246. Furthermore, you can choose a plan that suits your needs for a duration of up to 2 years. Additionally, you can enhance your coverage with optional add-ons available under the Standard, Silver, Gold, and Platinum Plus.
3. HDFC Ergo Student Suraksha Travel Insurance
HDFC Ergo Student Suraksha Travel Insurance is a comprehensive plan designed for students studying abroad. It covers a range of important areas which ensure you are protected against unexpected events. The plan includes coverage for medical expenses, disruptions to your stays, and issues related to baggage and travel. Furthermore, it helps with costs related to bail bonds, personal liability, interruptions in your studies, compassionate visits, and the loss of important documents like your passport. It also covers lost or delayed checked baggage, and more. With HDFC ERGO Student Suraksha, you can study abroad with peace of mind.
4. Nipa Bupa TravelAssure Policy
The Niva Bupa TravelAssure Policy is specifically crafted for students travelling abroad for their education. It provides coverage for overseas hospitalization up to $500,000 with no sub-limits and ensures you have complete financial protection. Furthermore, you can easily choose a plan duration that suits your needs, ranging from 1 month to 3 years and there’s an option to renew your policy as needed.
5. Bajaj Allianz Student Travel Insurance
The Bajaj Allianz Student Companion Plan is designed to support you while studying at foreign universities. It helps cover unexpected expenses that can arise during your time abroad. Furthermore, the plan provides financial protection for medical treatments and emergencies that you may encounter while studying. You can choose from three different plans- Standard, Silver, and Gold- based on your preferred coverage amount and premium.
The coverage for medical expenses, evacuation, and repatriation starts at $50,000 with the standard plan and goes up to $200,000 with the Gold Plan. With the Student Companion Plan, you can easily focus on your studies with comprehensive financial protection.
6. Care Student Travel Insurance
Care Student Travel Insurance is one of the best student insurance plans in India that is specifically designed for students pursuing higher education abroad. The plan offers comprehensive coverage for both medical and non-medical risks. Furthermore, it protects against a range of issues, including study interruptions, personal accidents, medical evaluations, and lost baggage, which ensure you are well-supported during your studies. Also, you can choose a coverage amount that suits your needs ranging from $50,000 to $1,000,000. The policy is available to students aged 12 and above.
7. Future Generali Student Suraksha Plan
The Future Generali Student Suraksha Plan is designed to help you manage unexpected expenses while studying abroad. The plan is available for 2 years and offers an extension period if needed. However, coverage requirements may vary depending on your travel area; there is a minimum coverage of €30,000 for the Schengen travel plan, $25,000 for the Asia Plan (Excluding Japan), and $50,000 for the World Plan. Furthermore, it covers a wide range of aspects, including medical expenses and the loss of your passport, which ensures you are protected during your time abroad.
8. Star Student Travel Protect Insurance Policy
The Star Student Travel Protect Insurance Policy is specifically designed for students who are looking to study abroad. It provides coverage for expenses related to medical emergencies, travel inconveniences, and study interruptions during your time overseas.
Under the policy, you can choose from three different coverage amounts: USD 50,000, USD 100,000, or USD 250,000, allowing you to select a plan that caters to your needs. Furthermore, the plan is available to individuals aged between 15 and 40 who travel abroad for educational purposes. With the Star Student Travel Protect Insurance Policy, you can focus on your studies with the reassurance that you’re protected against unexpected challenges.
9. Chola MS Student Travel Protection
The Chola MS Student Travel Protection Plan is one of the best student travel insurance plans in India that helps students planning to study abroad and make their experience hassle-free. The plan is specifically designed to provide in case of illness and other unexpected events. Furthermore, you can choose from 3 different travel insurance options- Silver, Gold, & Platinum, each tailored to select the coverage that best suits your needs. With the Chola MS Student Travel Protection Plan, you can choose your education and enjoy your time abroad.
10. TATA AIG’s student travel insurance
Tata AIG’s Student Travel Insurance is designed with the specific needs of students in mind. In addition to covering lost baggage and medical emergencies, this insurance also reimburses you if you have to interrupt your studies due to a medical issue. Furthermore, even if something medically happened to you in another country, the plan is designed in such a way that it would cover all the expenses without burning a hole in your pocket. With such a plan by your side, you can focus on your education which means you have comprehensive support for any unexpected challenges you may face while studying abroad.
How To Choose the Best Student Travel Insurance?
If you want to choose the best student travel insurance plan in India, here are the aspects to keep in mind.
- Check the Company’s Credibility
One of the biggest factors to keep in mind is that you will need to carefully compare different insurance providers to ensure that you choose a reputable company with good reviews and a solid track record. Remember that you can go through Google Reviews and check out their customers’ testimonials to make the right decision.
- Don’t Forget to Evaluate Affordability
Another major aspect to keep in mind is that you should select a plan that comes with moderate premiums so that it can perfectly fit your budget. Furthermore, you must easily manage the cost without compromising the features offered.
- Always Check Coverage
One of the major factors to consider is that you should select the right travel insurance plan in India that makes you feel comfortable knowing that you have enough coverage. Make sure you avoid policies with many exclusions, as these things can limit your protection whenever you need it.
- Prioritize Add-ons
Another major aspect to consider is that you should consider optional add-ons that come with your student travel insurance plan. Remember that these add-ons can enhance your premium amount. Make sure you check what extras are available and how they impact the overall cost before making a decision.
- Review Claim Settlement Ratio
Last but not least, you will need to research the insurance provider’s claim settlement ratio. Remember that a higher percentage indicates a smoother claim process which can give you peace of mind. Furthermore, if the CSR is good, then it’s a good sign that the company has settled maximum claims without any difficulty.
Conclusion
So, there you have it! That’s a wrap on the best student travel insurance plans in India! It is no secret that student travel insurance plans are essential for protecting students from unexpected expenses while studying abroad. These policies typically involve minimal paperwork and provide comprehensive coverage for multiple scenarios, ensuring that students don’t have to face financial burdens alone.
