International travel has tripled in the past couple of years. Apart from tourism and business, this rise has mostly been fuelled by the rise in international education. With eased procedures for foreign education, scholarships, and other benefits, students often fly miles to get their desired degree. In addition to other procedures, students must obtain student travel insurance as a mandate.
Studying abroad can be expensive. Apart from the tuition fee, this policy offers protection from medical expenses, lost luggage and passports, unexpected lodging fees, and other travel-related problems that a student can experience while on an international trip. To keep your finances safe, it’s always best to get student travel insurance. Apart from providing you coverage for financial loses, your student travel insurance will also reimburse you if you are forced to interrupt your studies due to a medical emergency. Thus, having a student medical insurance can be a life saver.
The need for student travel insurance
One of the main advantages of obtaining student travel insurance from India is the cost. The insurance purchased from India offers superior coverage since it combines medical and travel insurance, whereas the university's insurance only offers medical coverage that, in most circumstances, is limited to the university's grounds. To prevent financial hardships due to travel or medical crises, it is usually good to have appropriate student travel insurance coverage.
An emergency might hit you at any time and it might drain you financially. That’s why students living in abroad need a solid financial safety net. Student travel insurance assists in covering the following expenses as well as many other related charges.
- Medical costs or the price of an emergency hospital stay
- Obtaining a passport
- Locating misplaced luggage
- Bail bonds pay
- Flight cancellation or delay
- Covers unforeseen circumstances
Reasons to Buy Travel Insurance
- Safety for students
During their time abroad, students frequently experience emergencies. The student’s financial situation might be draining. But there isn't anything to worry about if you have good and current international student travel insurance coverage. Everything is handled, including paying for medical charges and giving you a temporary passport.
- Coverage for High Medical Costs
The cost of healthcare varies greatly between nations. In wealthy nations like the United States, Canada, and Europe, healthcare facilities are often pricey. It would be incredibly challenging for students without travel insurance to receive care from any medical facility.
- Protection of Individual Property
Without insurance, tourists or students studying abroad sometimes have to draw heavily from their funds to meet expenses in an emergency. These situations can be saved by having a travel insurance coverage.
Things to Think About
Before purchasing student travel insurance, keep the following factors in mind.
- Your university’s requirements
For overseas students, several universities abroad have unique insurance needs. It is often mentioned in their university web pages. The majority of colleges mention the minimum standard during the college admissions process.
- Services for Assistance
It is important to verify the help services an insurance provider offers overseas. Hospital networks and the claim settlement procedure are essential during crises.
- Deductibles
A claimant must agree to pay a deductible before receiving insurance. The deductibles on the student travel insurance coverage must be carefully examined by students since they will be responsible for paying them in the future.
Conclusion
Student travel insurance is a requirement for all foreign students. It is the best defense against property loss and gives students a sense of control since they have a solid backup plan. Having insurance should thus be at the top of your agenda if you intend to study abroad.