Why Do Students Need Travel Insurance?
Reports suggest that India has seen an increase of around 52% in students leaving their home country to pursue higher education in a foreign country. This number increased from 5,86,337 in 2019 to 8,92,989 in 2023. People consider foreign countries to land an enlightening career and a bright future.
While a financial backup, a scholarship, and side hustles such as part-time jobs may help you have a comfortable term abroad, an unforeseen emergency might require you to have student trip insurance. Below are a few reasons why overseas student travel insurance is a must.
Cost of Living can be expensive
Given the high cost of living, even healthcare abroad can be expensive as compared to that in India. Therefore, you may need health insurance for students studying abroad to cover your term against medical emergencies.
University insurance may not be enough
University-led overseas student insurance may only cover emergencies within the university, overlooking other unforeseen circumstances. Hence, student travel insurance from your home country becomes a must.
Offers peace to parents
International student insurance from a renowned insurer in your home country offers comprehensive coverage and peace of mind to your loved ones back home.
Protects you amidst trip interruptions
Unplanned trip interruptions may cost you a loss of tuition fee. While you cannot prevent an emergency, having overseas student insurance shall share your burden of incurred expenses.
Easily accessible
Student travel insurance from your home country shall be readily accessible not just to you but also to your parents back home, ensuring easy access to services such as claim settlement, trip extension, etc.
What is Covered under Student Travel Insurance?
At Care Health Insurance, we keep in mind the unique needs that students may have from their travel insurance plan. Thus, we design student travel insurance with the following coverage:
Medical Coverage
Emergency hospitalisation
If you have a medical emergency, our overseas student insurance plan covers IPD and OPD expenses.
Pre-existing diseases
If you inform us beforehand about your pre-existing illness, we will offer financial coverage under life-threatening conditions per policy terms.
Medical evacuation
The student travel insurance provides coverage for emergency evacuation if the student must return to the home country during a medical emergency.
Treatment in your home country
If you require further treatment in your home country, you are covered for expenses for up to 30 days or up to the policy end date, whichever is earlier.
Non-medical Coverage
Loss of passport and checked-in baggage
If your luggage is lost/misplaced/ broken after checking in, you get financial coverage for loss of checked-in baggage as per the policy terms.
Loss of International Driving License
If you lose your International Driving License while in an overseas country, your student travel insurance provides financial coverage for redeeming it.
Study Interruption
If your study is interrupted for 30 consecutive days due to an emergency hospitalisation or the death of an immediate family member, you are entitled to compensation for your tuition fee as per policy terms.
Accidental Death
The nominee shall be indemnified with a specific amount if the insured encounters an accidental death during the policy term.
*Please read the policy T&Cs, brochure, and prospectus to learn more about our health insurance for study coverage, as coverage may vary.