Are you planning to travel overseas in order to upgrade your career scope by pursuing higher education? This article will help you to understand the requirement of travel insurance plan for the students looking forward to studying opportunities overseas or outstation. Studying in a foreign land is a good option but it exposes you to various risks. Chances are high that you might get involved in any road mishap or end up meeting unfavorable circumstances while you travel and it will tamper with your study plan. It is important to buy an international travel insurance plan or a domestic travel insurance plan depending upon your travel destination.
The Unforeseen Situations That Can Trouble You When You are Studying Overseas When you travel outside the country, it can be a risky affair because of any unpredictable hospitalization or medical treatment expenses incurred in a foreign land that can’t be neglected. In such circumstances, any student would need his family by his side that too on an emergency basis so that he/she can be assured if anything goes wrong. Purchasing a travel insurance plan is a great alternative as it offers the sufficient coverage against the accidental and unpredictable expenses. A domestic travel insurance plan and an international travel insurance plan cover the following. • Extended coverage in case of passport loss • Coverage for baggage loss • Coverage for any accident • Coverage for family visit expenses • Coverage for expenses that are incidental • Coverage for emergency hospitalization • Cover for claim’s disbursement • Coverage for emergency medical treatment such as dental pain etc You may like to read : Traveling to India from Abroad? 3 Smart Ways to Conquer Demonetization Aftershocks Domestic as well as international travel plans are formulated to meet the individualistic travel insurance needs. The Indian insurance providers offer the various kinds of international travel insurance plans that are mentioned below. 1. Bajaj Allianz Student Elite Plan This plan helps students who are traveling abroad as this plan expands the coverage for baggage loss, hospitalization expenses, passport loss, bail bonds or tuition fee, trip cancellation etc. 2. Tata AIG Student Guard Plus This travel insurance plan offers a special ‘Red 24 Service’ that aspires intimating the insured person about any possible threat/risk associated with a specific region. The covers of this travel insurance plan are the emergency medical airlift, repatriation of mortal remains, accidental hospitalization expenses, personal accident coverage, study interruption, guardian’s/parent’s visits, mental or nervous disorders, etc. 3. ICICI Lombard Overseas Student Travel Insurance This travel insurance plan‘s USP is ICICI’s tie-up with 500 plus universities around the world. This overseas student travel plan ensures covers such as medical expenses, personal liability, baggage loss, non-medical expenses, sports injuries, family visit expenses, dental treatment, study interruptions, maternity cover, repatriation of the mortal remains, mental and nervous disorders etc. The domestic travel insurance plans offer the benefits mentioned below. • Personal accident coverage • Medical expenses that incurred during the trip • Trip delay or cancellation • Emergency medical airlift • Emergency cash requirement Purchase your travel insurance plans only after considering the advantages and the disadvantages of the particular plan.
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AuthorInsurance and financial manager. Archives
May 2018
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