Student Travel Insurance
What is the need for student travel insurance?
What are the inclusions of student travel policy?
The following are the inclusions of student travel insurance policy
Medical Coverage
1. Emergency medical expenses
If there’s a medical emergency, then the student travel insurance will come to rescue and will cover for the medical expenses and care.
2. Emergency dental expenses
The dental treatment in some of the foreign countries can put you out of pocket. If you get in an accident and require emergency dental care then you can rely on your student travel insurance.
3. Medical evacuation
If you need to go to the hospital in an emergency then your student travel insurance will also take care of medical evacuation expenses.
4. Hospital daily cash allowance
There are a lot of petty expenses that can eat your trip money. If you get hospitalised the medical expenses will be covered but you will also get hospital daily cash allowance to take care of petty expenses.
5. Medical & Body Repatriation
If the insured dies on the trip then the expenses to bring the mortal remains to the home country is covered in the student travel insurance.
6. Permanent Disablement
If an accident on your trip causes permanent disability then the student travel insurance will pay out lump-sum compensation.
7. Accidental death
If an accident on the trip is fatal then the insured nominee or family will receive lump-sum compensation from the insurance company.
Baggage Related Coverage
1. Loss of checked-in baggage
It is not uncommon for airlines to lose the checked-in baggage. Hundreds and thousands of baggage are lost everywhere. You can also fall the victim to this blunder. With individual travel insurance if the insured loses the check-in baggage then the insurance takes care of the replacement of items lost.
2. Delay of checked-in baggage
If there is a delay in getting the baggage to you then the insurance will reimburse you for the essential required till the time you get your baggage. This will ensure that you start your classes with the help of emergency fund provided in your student travel insurance policy
Stay Related Coverage
1. Personal liability
If an accident causes damage to the third party then the student travel insurance will compensate for the same and keep you away from getting into any legal trouble.
2. Bail Bond
If the insured student is arrested or gets into a legal problem then the student travel insurance policy will help out paying the bail bond money.
3.Study interruption
If the insured gets hospitalised for a long period and can’t attend the course then the insurance company will refund the tuition fees.
4. Sponsor Protection
If you sponsor dies unexpectedly then the insurance company will pay the tuition fees on his or her behalf.
What are the inclusions of student travel policy?
If the insured student is hospitalised for more than 7 days then the insurance company will pay for immediate family member visit.
Loss of passport
In a student life abroad, many times he or she has to change accommodation. This can lead to misplacing of some important documents like passport. But worry not the student travel insurance will help by paying to replace a stolen or lost passport.
What are the Exclusions of student Travel Insurance policy?
The following are the exclusions of student travel insurance policy.
Breach of Law
If the insured has an accident or health issue due to breach of law then claim will be void.
Consumption of illegal drugs
If the insured gets ill or dies due to the consumption of illegal drugs or substances then the claim on the policy will be rejected.
Pre-existing diseases
If the insured gets ill from a pre-existing disease then the coverage of the same is not included in the travel insurance policy
Obesity or Cosmetic Treatment
Any cosmetic surgery or obesity treatment has taken on the trip is not covered by the travel insurance policy.
Adventure Sports
Any accident caused due to participation in an adventure sport remains uncovered in the travel insurance policy.
Self-Inflicted Injury
Any self-harm or suicide is not covered by the travel insurance policy.
Student Travel Insurance FAQs
The student travel insurance policy is an insurance policy which is customised especially for students who are going abroad for higher studies. It protects the insured student against many risks and perils that he or she may get into, unfortunately. The student travel insurance policy protects the student from getting into a financial mess and help complete the academic course successfully.
The age eligibility to purchase a student travel insurance plan is usually from the age of 16 to 35 years.
The student travel insurance plan needs to be purchased before going abroad. It cannot be purchased once you have left the country.
The coverage of a student travel insurance policy starts when the student leaves India to go abroad for higher studies and ends on the policy expiry date or till the date he or she returns to India whichever is earlier.
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