When you are done making necessary arrangements for your overseas studies, you need to buy travel insurance policy. It is good to be prepared for traveling overseas. Anything can go wrong and a travel insurance plan is your constant companion in an unknown foreign land. It gives you the peace of mind so that you feel safe in a foreign land. If you are a student who is traveling overseas for pursuing higher studies then you must buy student travel insurance. You would be in a country that is new for you and you will have access to the limited resources. If something unfortunate happens, you would be prepared to face it. Hospitalization or medical costs weigh heavy on your pocket if you don’t have a student travel insurance plan.
Student Travel Insurance Plan A student travel insurance plan is for the students who’re studying overseas which offer financial security and support to the insured students in case of unfortunate situations. This type of insurance plan offers coverage for both trips as well as insured student’s health. When you travel to a foreign country, losing luggage can be a troublesome experience. Be wise and opt for a comprehensive travel insurance package. Who can Buy a Student Travel Insurance Plan? • Usually, any person between 16-30 of age can apply. • He/She must be enrolled for a course in a registered education institute for higher education in a foreign country. • He/She should attend classes on a full-time basis. . What are Benefits and Features of Student Travel Insurance Plan? • It provides coverage for various expenses such as baggage loss, hospitalization expenses, family visit and other incidental expenses. • Comprehensive coverage is provided for the following situations. • Study interruption • Sponsor protection • Two-way flight coverage for a compassionate visit from the family • Bail bonds You may like to read : Know Your Travel Insurance Plan’s Additions and Exclusions What does Student Travel Insurance Policy Covers? • It covers expenses for emergency medical evacuation to India. • Medical expenses due to medical emergencies whilst abroad (illness, injury or death). • In the case of sudden death of the insured person, the transport expenses for insured’s mortal remains are covered. • Any accidental injury. • Dental treatment and expenses related to it. • Compensation for the personal accident that causes death/permanent disability. • Baggage loss or personal belongings loss by a common carrier. • In the case of passport loss duplicate passport is provided. • If the insured’s education is interrupted because of any medical emergency, the paid fees for a semester is reimbursed. • Bail amount is paid In case the insured is detained/ arrested by the concerned officials for a bailable offense. • If the sponsor is paying the insured person fee dies due to any injury, insured’s tuition fees would be reimbursed. Now you know the importance of importance of travel insurance when you are studying. In order to have a smooth and safe travel experience, don’t forget to buy a travel insurance plan that offers adequate insurance coverage.
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Thanks to the increased travel insurance awareness; more number of holidaymakers are going overseas nowadays. It suggests that more number of people are likely to face problems that can be accidental, criminal or medical in nature. The expenses incurred can be ridiculously high for the people who don’t have a travel insurance policy. Buying travel insurance coverage prepares you to face travel problems without worrying about the expenses. If you want to buy a good travel insurance plan, you can check out the plans offered by Reliance travel insurance.
Here is everything you need to know about travel insurance in 6 steps. 1. The Need to Buy Travel Insurance It totally depends on your risk appetite. A travel insurance policy provides coverage for a broad range of potential threats including no traveling at all. When you book a holiday package, you have to pay money in advance. If you’re not able to make it, you could lose some/all of your money. Most of the travel insurance plans provide the coverage for trip cancellation, missed departure, delayed/canceled trip etc. 2. Way to Find Best Travel Insurance Plans There are a few countries that demand its overseas visitors to have travel insurance. If you don’t have a travel insurance plan, you can’t even enter there. If you want to buy a good travel insurance plan, all you got to do compare. Compare various travel insurance plan and select the best ones that fulfill your insurance expectations. 3. Single Trip Vs. Annual Plan The type of insurance plan that you buy depends on the frequency of your traveling. If you take multiple trips in a year, then the annual plan is apt for you. On the other hand, if you don’t travel more than once in a year, buying a single trip insurance plan will be good for you. 4. Truths and Lies About the Illness In the case of a hospitalization claim, you can’t lie or conceal the facts. Even if you do, you will be caught because no medical report is going substantiate your lies. When it comes to the pre-existing illness, your insurance provider expects honesty from you. If you don’t tell the truth, your insurance claim can be rejected. 5. Driving Under the Influence of Alcohol If you are driving under the influence of alcohol and you met with an accident then your claim is likely to be rejected. Most of the insurance providers don’t provide insurance coverage for any claim arising due to any accident due to driving under the influence of intoxicants. You must be wondering what the definition of being drunk is. Your insurance provider will investigate the circumstances revolving around your claim. Having a beer might not be considered, but getting into a fight with the cops for the alcohol test will definitely be considered. 6. Insurance Coverage and the Adventurous Activities When you participate in the adventurous activities, you are exposed to higher risk. In that case, you need to pay an extra-insurance premium to get the adequate insurance coverage. |
AuthorInsurance and financial manager. Archives
May 2018
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