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Stays focus on studies, let your travel insurance take care of the rest

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Published on March 17, 2021 | Est Read Time: 3 min

The worst of coronavirus outbreak seems to be over and cities across the globe have lifted travel bans. Universities and colleges are reopening and students are now flying back to join classes. Staying and studying in a different city can be a costly affair. Treatment for an illness or injury can add extra pressure on the budget. To ensure that students have no such financial worries, they must get a travel insurance policy while travelling overseas. Let's discuss its many advantages.

Why travel insurance is so important for students?

Without a travel insurance policy, a student would have to shell out a huge amount even for a minor treatment abroad. Here are the many benefits of travel insurance:  

• Most countries are covered: The list of countries where you can pursue education and stay protected with travel insurance is huge. So, you need not fret over the availability of an insurance plan.

• Cover medical expenses: Dealing with any kind of injury or sickness can ruin your stay and skyrocket your expenses. Also, medical facilities at international destinations are quite expensive. You may even require a relative to visit you from India during hospitalisation. Travel insurance for studentscomes in handy in such situations by providing cashless medical treatment in case of hospitalisation. It also reimburses for dental expenses in case of injury or acute pain. As part of the policy’s compassionate visit feature, the expenses of an immediate family member’s visit is borne by the insurer when the student is hospitalised for over 7 days.

• More critical in times of Covid-19: We are still living amid a global pandemic when the chances of falling sick are pretty high. The medical coverage as part of the travel insurance for students also includes emergency medical evacuation if needed and in case of death, the insurer bears the cost to transfer the mortal remains to the home country.

• Lump-sum compensation:  The insurer pays a lump-sum amount to the nominee in case of accidental death. An amount is also paid as compensation in case of permanent disability in an accident.

• Baggage-related coverage: In case your luggage gets delayed, the policy will provide you with funds for emergency purchases. If it gets lost, you are duly compensated. Likewise, you will be reimbursed for a new passport ifyour passport gets lost.

• Stay-related expenses: If the policyholder becomes liable for any third party damage, the policy will compensate for the same. It will also help you out of legal hassles by paying the bail amount on arrest/detention for any bailable offence. Some other benefits include refund of tuition fees in case your studies get interrupted due to prolonged hospitalisation or death of an immediate family member/sponsor and payment of tuition fees in the event of accidental death of the sponsor.

• Not all students come from affluent families: Studying abroad is a dream come true for many, but not every student has the monetary strength to pay for education as well as affording a decent lifestyle. Some invest all their savings while many others take student loans to fulfil their dreams. One can imagine how these unforeseen expenses can completely disrupt the life of the student. A travel insurance can be a saviour.

Conclusion

The aspiring students, to give shape to their future dreams, travel great lengths, literally. Leaving the comfortable life of home to go to a foreign country to pursue education alone is no mean task. They not only have to study hard, but also ensure that they stay safe. Medical emergencies, financial problems or situational difficulties like luggage and documents theft, however, come unannounced. Though there are some exclusions and an age limit, travel insurance for students  takes care of most medical needs and protects from many other losses so that a student can concentrate on studies leaving behind other worries. Also, a few countries have made it mandatory for visitors to have travel insurance. So, now as you pack your bags, make sure a copy of the student travel insurance is also with you!

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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