Secure you Journey through a Student Travel Insurance

Have you received an admission in a University overseas? Are you busy making arrangements for the life-changing experience ahead? Looking for the best student insurance plan? Here are a few tips that will help you choose the right insurance plan. Mentioned below are some of the most common types of coverage that you may need while travelling abroad:

Types of Student Insurance Coverage

Medical coverage: These funds allow you to receive medical treatment. In case of any medical emergency, this reimburses for any expenses that you may have to incur.

Trip Interruption coverage: In case you need to cancel your flight for an important reason, this coverage provides for your travel back home. It also covers for your return to the destination.

Passport coverage: In case you have lost your passport or credit card, it covers for your replacement documents as well as the money required to get them. In a few cases, you can also receive emergency cash until your card has been replaced.

Emergency Evacuation coverage: In times when you cannot be transported to another destination, this coverage makes the arrangement and pays for a safe medical evacuation.

Travel Assistance Services: Whether you are on the lookout of a local doctor, need emergency cash or require help with replacement of documents, these travel assistance services provide support when you are in need.

Time of Purchase

It is best to purchase overseas travel insurance it much before leaving your home country, however, in some cases you can choose to purchase it after the payment of your first trip. This is because a few companies provide with benefits such as ‘cancel for work reasons’, ‘waivers for pre-existing medical conditions’ after the purchase of the policy within a specific number of days.

Source of Purchase

You can buy student travel insurance online as it is much simpler, faster, and convenient. ICICI Lombard, Bajaj Allianz, and HDFC Ergo are some of the companies that provide student travel insurance through the online mode.

Why do you need health insurance?

There is a very common proverb that says “Health is wealth”. This is a fact that holds true in every sense. However wealthy a person might be, good health is required to enjoy that wealth. A health insurance plan goes a long way in ensuring good health. No one plans on getting sick or injured, but everyone needs medical attention at some point in their lives. Health insurance covers these costs and offers many other important benefits as well. All the medical expenses from preventive health check-ups to treatment and recovery are covered under a health insurance plan. 

Many people keep putting off health check-ups because of the additional costs involved in it. This can prove fatal at times because its leads to the delayed diagnosis of underlying medical conditions. However, it is often seen that people with medical insurance tend to go for frequent health check-ups which help in early diagnosis and effective medical treatment of conditions. Most uninsured people fail to receive timely medical care and have worst health outcomes. Moreover, lack of health insurance emerges as a financial burden for them and their families.

According to the recent World Bank report, 99% of Indians will have to face a financial crunch in case of a critical illness. This is why health insurance plans in India are increasingly gaining popularity. By paying a meagre premium, one can get access to quality healthcare facilities. As long as a person regularly pays the health insurance premiums, they can count on receiving extensive medical coverage. Many chronic conditions often require repeated treatment, but as long as it's not a pre-existing condition, health insurance companies will usually cover the costs associated with such medical issues.

Therefore, taking up a health insurance plan is imperative in order to have access to the best healthcare without fearing financial strain.