How Can A Travel Insurance Policy Come in Handy For Students Studying Abroad?
Not only is studying abroad linked to your job goals, but it also costs your parents hard-earned money. The last thing you would want is to experience an unanticipated emergency abroad that can prevent you from finishing your studies and cost you everything.
How Does Student Travel Insurance Operate?
When obtained by a student, student travel insurance serves as a binding agreement between the student and the insurance provider, ensuring the student’s safety from any unanticipated problems encountered while travelling. If you have travel insurance from India, your insurer will offer you cash support if you face any hardships while travelling.
It safeguards you in the event of a medical emergency, loss of sponsorship, personal liability, loss of personal documents, interruption of studies, financial emergency, etc. It is also referred to as student travel insurance. Additionally, it covers any hazards encountered while going abroad, like lost or delayed checked baggage, delayed or cancelled flights, etc.
You can benefit from having international travel insurance while you are studying abroad in the following ways:
- Expenses for urgent medical care
Whether a person is in India or overseas, they can fall sick at any time. What if you suffer a major illness or are involved in an accident while crossing the street? Regular trips to the doctor or even hospitalisation could follow from this. Healthcare outside of India, particularly in the US, is very expensive and may be hard for students with a meagre income source to purchase.
- Emergencies relating to travel
Whether you are going from India to another country or the other way around, you could run into a number of travel-related difficulties. For instance, your flight could be completely cancelled or delayed for longer than a few hours. Additionally, your checked baggage may arrive late or disappear. Such circumstances can result in unforeseen costs or substantial financial losses that may be heavy to bear.
- Compassionate visit
A student travel insurance plan benefits both you and your parents. It also includes a compassionate visitation benefit that will cover one member of your immediate family’s airfare from India to the nation where you are studying. The insurer under this policy may also make travel and lodging arrangements for your visiting relatives.
- Legal issues
You can encounter situations while studying abroad that could get you into legal trouble. What happens if you unintentionally ruin someone’s property or are taken into custody? To get bail or to cover the costs of the damage, you will need a large sum of money, which may be challenging to secure as a student abroad on your own.
- Accidental passing away and disability
Accidental passing away and disability coverage are included with an international travel insurance policy. Your insurer pays you benefits as part of this travel insurance coverage in the event that an accident abroad leaves you disabled. In the tragic case of your passing due to an accident while travelling, the insurance provider would make restitution to your Indian family.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
