Know Why Buying Student Travel Insurance Plan is Essential for Children Studying Abroad

Pursuing higher education in a foreign country needs a plethora of planning. Arranging finances, booking flights, packing, safeguarding important documents, and more. To top it all, the excitement and fear of going to a new country. While relocating to a new place is never easy, it can be easily managed if you have student travel insurance. In fact, in some countries such as the US, foreign students must have student travel insurance.

Why Buying Student Travel Insurance is Essential?

Mandatory in some universities: In some universities, foreign students must have comprehensive travel insurance to pursue education there. If you don’t have insurance, then you may have to sign up for university-provided medical cover. This will be in addition to your course fee.

Unexpected crises: From a delayed flight to lost baggage—a lot can go wrong when moving base to a new country. Or, what if you lose your passport? It is not easy to handle such unanticipated situations by yourself. However, travel insurance will protect you in the face of such events.

Medical emergency: Pursuing education abroad is a fairly long process. Chances are that you will need medical attention at some point in time. Most countries, especially the US, have very high healthcare costs. Just one-time hospitalisation can force you and your family to dig into the savings. However, a travel insurance plan can help.

Interruption in the study: Prolonged sickness, a death in the family, or that of your sponsor can thwart your study plans. Such major events can adversely affect your finances as well. Student travel insurance will cover you in such events.

Benefits of Student Travel Insurance Plans

Cover for accidents and illness: A student travel insurance plan will cover the cost of emergency medical expenses and hospitalisation.

Other medical coverage: Several other medical issues such as dental expenses are covered by student travel insurance. It also covers the cost of medical evacuation if needed.

Death and repatriation: In the unfortunate event of the death of the policyholder, the cost to transfer the mortal remains is covered by the travel insurance provider.

Disablement: In case of partial or complete disablement due to some injury or accident, the loss will be compensated by the insurer.

Loss/Delay of baggage: The loss of baggage or delay in delivery of checked-in baggage is covered under student travel insurance. You can start your classes as your travel insurance will pay for your new set of essentials.

Loss of passport: In transit or a new country, finding sources and getting a new passport can be stressful as well as financially burdening. Your student-specific travel insurance will help you get a new one without hassles.

Coverage for study interruption: In case of a prolonged medical crisis or the death of a sponsor, the studies can take a back seat. Your student travel insurance will compensate for the same.

Third-party liability: When abroad, if you become liable for a third-party loss accidentally, then your student travel insurance will take care of the expenses.

Legal help: If you get involved in a bailable offence, then your student travel insurance cover will help you and pay for the bail amount.

Compassionate visits: Staying away from the family is probably the most emotionally overwhelming aspect of studying abroad, especially when sick. In case of hospitalisation, the travel and stay expenses of an immediate family member are covered.

Sponsor protection: The death of the study sponsor can affect your studies. However, student travel insurance takes care of your academic fees and more in such situations.

If you plan to pursue higher studies abroad then start looking out for robust student insurance. Compare plans offered by well-known insurers such as ICICI Lombard, and choose the one that suits you the best. Remember, your independent student travel insurance must be in sync with your destination country’s guidelines. Check the university’s policy features and find an equivalent from the available policies.

You can buy travel insurance online at your convenience. So, don’t wait until the last minute and secure your stay abroad at the earliest.