This World Student’s Day, Understand the Process of Buying a Student Travel Insurance

Posted on: Oct 12, 2021 | | Written by:

This World Student’s Day, Understand the Process of Buying a Student Travel Insurance

Published on October 02, 2021. EST READ TIME: 3 minutes

No matter the place where a student is pursuing their studies or education, it is important to stay protected from any unexpected incidents or circumstances such as illnesses, accidents, or theft. Students travelling abroad need to have a certain set of aspects well-prepared and planned. One of the main aspects is travel insurance for students. In addition to travel insurance, having student health insurance is important as it can be helpful while paying for medical bills and other expenses that may occur.

Having a good international student insurance plan is important as it can provide a student with good coverage and protection that is required to avoid any financial burden and avoid large financial losses. With World Student’s Day on October 15th, everyone needs to stay aware and take the necessary next steps to understand the process of buying travel insurance for students.

What is Travel Insurance for Students?

Travel insurance for students is essentially a plan that is purchased to protect oneself from financial risks and losses that may arise while travelling. These financial losses can either be minor or major depending on the risk imposed. For instance, there can be minor mishaps such as delayed delivery of luggage. On the other hand, there can be higher-risk mishaps such as trip cancellation at the last minute or a medical emergency overseas. Students can avail of travel insurance to safeguard themselves from such hassle and get their hands on pocket-friendly alternatives during times of crisis.

In many scenarios, travel insurance for students can be handy when it comes to reimbursement for the covered financial losses after the claim is filed and further approved. Without travel insurance for students, the finances that would sum up during mishaps can be extremely high. There can be many issues that arise for students travelling, especially while travelling abroad. The entire food consumption, financial unfamiliarity, changes in prices, etc., can be a hassle. With plenty of such problems, financial stress should be the least of the concerns with travel insurance for students.

Reasons to Have a Student Travel Insurance

Student travel insurance is very important while travelling. Let us have a look at some of the most important reasons why students need to have travel insurance and how it can help in different situations.

1. Medical Cover

Based on the foreign country, the medical coverage and expenses can vary. Usually, the medical expenses abroad are relatively more expensive in comparison. In case the student has a history of illness or any other medical history that requires frequent or mandatory medical intervention, the medical travel insurance can be helpful. With medical travel insurance, most procedures will be covered and the medical expenses will be subsidized.

2. Loss of Baggage

In case of an unfortunate circumstance where the baggage of the student is misplaced, the travel insurance will provide the necessary cover and the required support to compensate for this loss. In some situations, the baggage could contain important documents and paperwork, leading to more hassle.

3. Flight Delay

Delays in flights have become more common of late. In case the flight gets cancelled or delayed, the insurance plan will cover the travelling cost in case the airline refuses to process a refund.

4. Legal Help

In case the student has any legal trouble from any source, the comprehensive insurance policy will cover the costs that are required for the legal procedure.

Process of Buying a Student Travel Insurance

Before buying a travel insurance plan, make sure that you research enough and pick the best one. Here is how you can go ahead and purchase a travel insurance plan for students.

1. Consider the Level of Cover

Depending on how comprehensive you want your cover to be, make a list of your requirements. While choosing a travel insurance plan, make sure that these requirements are met.

2. Research and Compare

There are plenty of travel insurance plans that are available in the market. Make sure that you maintain a repository of the available travel insurance plans, understand your needs, and compare the plans before choosing the most appropriate one that suits your needs the best.

3. Read the Terms and Conditions

Many individuals tend to neglect the terms and conditions. Make sure that you understand every aspect of the terms and conditions to make sure you sign up for the right plan.

4. Get a Quote

Once you decide the policy that suits your needs best, get a quote to check for the pricing and affordability.

5. Purchase the Policy

Finally, go ahead and purchase the policy of your choice to secure yourself financially while travelling.

Conclusion

Travel insurance for students can help in many circumstances of mishaps. It can help cover medical costs, legal costs, expenses incurred due to loss of baggage, and many others. If you are looking for comprehensive student travel insurance. HDFC ERGO is the place to go.

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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