If you are travelling abroad to pursue education, I’d suggest that you should get a student travel insurance. After all, it is important that you have to worry just about your grades and career, and nothing else. It is common now a days to travel abroad for pursuing higher education. With so many scholarships, fellowships and student exchange programs available, it has become easier to reach for your dream of studying abroad. It is very important that you get the right travel insurance plan to cover your travel and stay abroad, especially since you will be all by yourself. Many people make the mistake of buying regular travel insurance instead of specific student travel insurance. There is a huge difference between these insurance plans.
There are 3 important factors that you must consider before buying a student travel insurance:
- The most important thing to consider is the pricing. Students who travel abroad from India should always buy policy from Indian companies such as Bharti AXA as these companies offer maximum coverage at a budget-friendly premium vis-a-vis companies abroad. Also try buying a policy with either a higher sub-limit or no sub-limit.
- It is very important to check the claim settlement ratio of the company before you purchase a travel insurance policy from them. Check whether they offer cashless or not, and what the grounds on which they deny claims.
- Before purchasing the policy, check if the university where you are going to join has any condition on where you can buy the policy from, as many universities have made it mandatory to purchase the insurance from their country. If you are buying a policy from an Indian company, ensure you check that the benefits provided to you by the policy meet the university’s terms and conditions.
These were the three important factors that you must consider before buying a student travel insurance. Other points to consider before buying the policy include provisions for loss of sponsorship and compassionate visit, age-group covered, option to extend the policy duration, option to get an additional coverage etc.
I hope this article would help you in making the right decision for buying a student travel insurance.
P.S: Please read the offer documents, terms and conditions carefully before purchasing the policy.