Student Travel Insurance: How to Buy the Best One

Posted on: Jan 10, 2022 | 3 mins | Written by: HDFC ERGO Team

Student Travel Insurance: How to Buy the Best One

Before every trip is planned, having a travel insurance plan is a must. Even if you’re a student travelling abroad to study, having travel insurance is absolutely necessary. It will help you take care of any unexpected disruptions that might occur during your journey and stay there.

What is Student Travel Insurance?

Student travel insurances are a type of travel health insurance that are designed to specifically benefit students who travel to a foreign country to study and live there. In a country far away from your homeland, dealing with a health emergency or flight cancellation can be made easier with the assistance that student travel insurance provides. Additionally, they are also cheaper than regular travel insurance plans.

How Does Student Insurance Work?

Student travel insurances charge you a certain amount of premium that needs to be paid on a monthly, quarter-yearly, half-yearly or annual basis. In return for that, they provide all sorts of medical-related coverage, baggage-related coverage and journey-related coverage to you. They provide coverage all across the world, so you don’t have to worry while travelling amongst countries. Furthermore, the 24x7 worldwide assistance is always there to help you out.

Ways to Get the Best Deals for Student Travel Insurance Policy?

1. Find the one suitable for you

Multiple home insurance plans are available in the market. Each one has its own features, premium, coverage. After going through some of the plans, you will have a fair idea of what student travel insurances offer.

2. Compare plans to find the cheapest plan

You can now look through some plans that you might find suitable for you. Compare the plans and their features to make sure that you’re getting the most for the best price. However, it is important to make sure that the policies don’t compromise on their coverage in order to give you a cheaper plan. Having all the essential coverage is always more important than saving a few bucks.

3. Make sure it offers the coverage you need

Make sure that your insurance plan has adequate coverage. Make sure it covers emergency medical treatments, including dental treatments. Having to pay for your own dental emergencies in any country can punch a big hole in your pocket. You should check on the claim settlement ratio of the insurer and how much time it takes for a claim to be settled.

4. Buy online

A lot of insurers, including HDFC ERGO, offer student travel insurance plans online. You can take a detailed look at the coverage of the plans before choosing one. The process is simple, takes a minimal amount of time and documentation. You can also choose from a number of options and get the best deal.

Look Out for These Benefits in Your Student Travel Insurance Policy

While choosing a student travel insurance plan, make sure your policy offers the following benefits.

1. Medical-related coverage

One of the biggest benefits of travel health insurance plans is that they cover any medical costs that might arise due to a health emergency. Make sure your student travel insurance also gives a daily hospital cash allowance so that you don't have to pay for your regular visits out of your own pocket. Furthermore, you should also ensure that your travel insurance pays for medical evacuation in case of a highly severe emergency. Lastly, the travel insurance you choose must also offer accidental death coverage and bear body repatriation costs, in case of unfortunate death of the policy-holder.

2. Baggage-related coverage

There is nothing worse than losing your luggage or your passport in a new country. But with the correct student travel insurance, you will never have to worry about these issues. In case you lose your checked-in baggage, the insurer must compensate for your loss. Even if it gets delayed, make sure that your insurance policy offers emergency reimbursement required to buy essentials. In the event of a passport misplacement, make sure that the insurer has features to help you get and pay for a duplicate passport.

3. Journey-related coverage

There are a number of things that can disrupt your trip. Your flight or train might get cancelled, which will result in a lot of financial loss. In such situations, make sure that the insurer covers such losses. An ideal insurer will also pay for your hotel, if you need to extend your stay due to medical reasons. Lastly, it is absolutely crucial that your student travel insurance offers personal liability coverage. In case you cause damage to a third party vehicle or property, all the financial claims need to be settled by your insurer.

Conclusion

The right student insurance plan for you depends completely on your circumstances and requirements. However, it is always a good idea to ensure that the basic covers are included in your plan. HDFC ERGO has student travel insurance plans that provide coverage all across the world.

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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