What is student travel insurance?
Are you going abroad for studies? Are you worried about how you’ll handle things on your own in an emergency situation? The best coverage and peace of mind can be obtained with student travel insurance. Comprehensive student travel insurance can provide full coverage for emergency medical care, unexpected expenses, value-added optional coverage for tuition (limited to medical emergencies), lost luggage or passports, and any other catastrophe that may occur while the student is overseas. Travel insurance assistance services are available 24/7 to provide students with prompt, expert assistance.
Studying abroad is an opportunity which can be best availed when one can study with full peace of mind. Student travel insurance relieves the financial stress on the students by providing a range of advantages. such as emergency medical costs and hospitalization overseas, lost checked baggage during a trip, passport loss, tuition fees paid in full, and round-the-clock, instant assistance in the study abroad nation.
Why is student travel insurance important?
A type of insurance policy created specifically to meet the needs of students—especially those studying abroad—is student travel insurance. An insurance policy safeguards you in the event that something goes wrong. Because it’s a legally binding agreement, your insurer will cover the costs and provide support if there are any disputes.
While it’s likely that your study abroad experience will be trouble-free and uneventful, it’s still a good idea to be ready. You can feel safe, secure, and confident knowing that you are covered if and when necessary if you have travel insurance. It’s a big enough step to study abroad without having to worry about paying for unexpected medical expenses or a delayed trip.
In addition to providing protection and financial security, travel insurance may also be required in order to get admitted to some colleges. Make sure you inquire about the necessity of travel insurance when submitting your application.
To enjoy touring the country you’re studying in is another reason to get travel insurance. Perhaps you should travel or participate in extracurricular activities. Whether you want to try bungee jumping or skydiving, you can do it with confidence if you have insurance.
Benefits offered by Student Travel Insurance:
Emergency Medical Treatment during hospitalization:
covers hospital stays for medical costs incurred when an insured person has an unexpected illness or injury that occurs outside of their normal country of residence. The policy does not cover any pre-existing diseases that existed before the applicant took out the policy or before the trip even started, whether they were known to them or not.
Travel and Stay Over of One Family Member:
If the insured stays in the hospital for a period of time that exceeds seven (7) days, company will pay a covered friend or relative for the cost of a one-way economy airline ticket and lodging, provided that the insured traveled alone for a maximum of five (5) days during that period, in accordance with the terms and conditions of the policy.
Transportation of Mortal Remains:
If a family member or legal representative requests it, the Assistance Service Provider acting on behalf of the Insurance Company will make arrangements for the transportation of the Insured’s mortal remains from the site of death to the Home Country in the event of the Insured’s death.
24 Hours Assistance Services:
When the support Service Provider receives notification from the Insured regarding an emergency brought on by an unexpected illness or accident, it will offer the best support and counsel to the Insured or select the appropriate course of action on its own.
Compensation for Expenses of re-issuance of Passport:
Coverage is offered for the expense of reissuing a new passport in the event that it is inadvertently lost or stolen.
Loss of In-flight Checked-In-Baggage:
In the event that the scheduled flight misplaces the checked baggage, Company will pay for the loss up to the policy’s maximum coverage amount and in compliance with the terms and conditions of the policy.
24 Hours Personal Accident Insurance:
If an accident results in accidental death, permanent disability, or partial disability, the insured or the insured’s legal heirs will be compensated up to the policy limits as long as the accident happens within the insurance period, while traveling overseas, or while the insured is staying in a country other than their usual place of residence.
Tuition Fees:
The Assistance Service Provider will compensate the Insured up to the amount specified in the Policy and in accordance with the plan chosen, provided that the Insured’s studies will be impacted by the sudden death of the Parent
- Some Student travel insurance policies also provides the following assistance services:
- Telephone Medical Advice
- Medical Service provider referral
- Arrangement of hospital admission
- Monitoring of medical condition during and after hospitalization
- Medical translation service
- Delivery of essential medicine
- Inoculation and visa requirement information/ embassy referral
- Lost Luggage / Passport Assistance
- Legal referral/ arrangement of appointment with lawyers
- Emergency traveling service assistance
- Emergency Interpreting assistance/ interpreter referral
- Emergency document delivery
- Documents/ Passport Loss