The Powerful Indian Diaspora
The Indian diaspora is one of the biggest force multipliers for Indian foreign policy in the powerful western countries. There are many brilliant Indian students who travel abroad to the best institutions in western countries and to other East Asian countries to pursue their education. Many Indian students in these countries are often absorbed by organizations in those countries. Many of them also return to India to implement their knowledge and learning in the Indian economy which is one of the outperforming economies in the world over the last few decades. In case your child is also going abroad for studies, you need to compare travel insurance and buy the best available student travel insurance. The Vagaries Of Life Life is riddled with uncertainties. Wherever in the world, one might be, it is impossible to predict what all might go wrong. Therefore, insurance is an absolute necessity to protect oneself and to cover oneself financially. In the case of travel abroad as well as studies in foreign universities, the airlines that students use to travel as well as the university where they study need to see that the students are adequately insured for the length of their stay abroad in the event of something going wrong medically or the student meeting with an accident etc. Risks Associated With Travel There are many risks associated with travel including accidents while commuting to and from airports, accidents while one is flying, falling ill while abroad, having one’s possessions stolen while abroad and a whole host of other possible mishaps. Therefore, one needs to compare travel insurance before purchasing a student travel insurance policy. Many reputed Indian insurance providers sell their own student travel insurance policy. All clauses need to be compared while making your choice. The policy duration can vary from a few days to years at a time. In Case Travel Has Not Been Undertaken In case for whatever reason the travel has not been undertaken, most insurance providers will ask for copies of all forty pages of the child’s passport for proof of the same. A certain amount will be deducted, and the balance is refunded. When you compare travel insurance, you will see that what one company is selling as student travel insurance policy may vary widely from another competitive offering in the marketplace. There are companies that offer insurance against loss of baggage in transit or even theft and loss of belongings and currency while on campus or while abroad for purposes of the study. Maternity And Childcare Benefits There are policies that offer riders like maternity benefits in case a lady student conceives during her period of study abroad. Childcare benefits can also be availed when you compare travel insurance and choose an appropriate student insurance policy. The Benefits Of Studying Abroad Remember that your stint abroad will be full of fun and learning. You will get to expand your horizons and interact with other youngsters from different cultural backgrounds. Along with equipping you with marketable and professional skills for life whether you decide to return to India or you work abroad, this exposure will help you to develop into a more mature and a more cosmopolitan global citizen. We are living in the age of global interconnectedness and liberal socioeconomic policies. In such a globalized workplace, employers prefer students with international exposure and the experience of studying abroad. You should make it a point to focus on these positive aspects and leave aside the stresses and tensions of all that can potentially go wrong and the misfortunes that can befall you while abroad. To do this effectively, you need to compare travel insurance and choose a good student travel insurance policy. When you compare travel insurance, you will be able to find a student travel insurance policy where health check-ups and medical check-ups are not required. Cover For Mammography Examinations and Cancer Screening In case of lady students, there are policies where mammography examinations are included in the policy. If you feel you need to include this clause as well as clauses that cover screening for cancer, you should compare travel insurance and choose the best student travel insurance policy that meets your needs. Cover For Psychiatric, Mental, And Nervous Disorders Although there are very few insurance policies in the market that cover psychiatric, mental and nervous disorders, if you spend time to compare travel insurance, you will find a student travel insurance policy that covers this clause as well. It is wise to buy this cover since many foreign students do end up in stressful situations while trying to adjust to the different cultures prevalent in campuses abroad.
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When it comes to buying travel insurance policy, deciding how you would benefit from the coverage, is not a child’s job. As per insurance experts, it depends completely on various factors that include the price and plans of your travel, in which geographical location you live, where your travel destination is and what are the potential problems that you can come across during your travel plans.
Whenever we think about travel, we feel enchanted as the butterflies in our stomach keep flickering. We keep focusing on the fun part of the travel. When we travel, we are exposed to various risks. In order to be immune from such risks, purchasing travel insurance plan is a must. It makes sure that we are safe and secure in a foreign land. If you have made travel plans and your tickets and accommodation are booked, check the travel plans offered by Reliance travel insurance. There isn’t a single answer when the question is about insurance coverage as everyone’s trip is different. No two trips are alike, even at the same location. The four questions mentioned below can be helpful to you for weighing your options. 1. How much money is at required? Before finalizing your travel insurance policy, make sure you check out the change/cancellation policies of the travel insurance plans. It will help you to analyze how much money can be lost in case you have to cancel/postpone your travel or you come back early. If that sum total is higher than what you would lose, then buying a travel insurance plan is totally worth it. 2. What’re your travel plans? A travel insurance plan can be helpful in covering the costs for the potential situations such as the tour company going bankrupt, or a flight delayed that makes you miss your cruise departure. Whatever your travel plans are you must buy travel insurance plans with adequate medical insurance coverage when you are traveling overseas. 3. What’re your worries? Dwell into the minutest details so that a policy provides the insurance coverage you desire. Generally speaking, there are two choices- exclusion and cancel-for-any-reason cover. For instance, you are tensed about earthquake situation in a hilly area that you plan to visit. One travel insurance plan might let you cancel your trip the moment after the official warning regarding your travel destination and other insurance plans might need a big impact such as delayed flight due to that official announcement. 4. Do you have coverage already? Before buying a travel insurance plan, make sure you check and see if your basic medical insurance plan provides you any coverage at the time of travel? Though, most of the health insurance plan ceases to exist when you are traveling. It doesn’t mean you do not need to buy a plan or if you buy, you buy only for the heck of buying so that the gaps are filled. Buy travel insurance plan and reap its benefits For more info and news visit on Policybazaar Facebook Page If you are going to pursue your higher education overseas then buy student travel insurance as soon as your admission is secured. Here are the 6 things that you should know before going abroad for studies.
1. Ensure all your documentation or paperwork done. First thing first, you need to make sure that your passport reaches to you on time so that you can apply for your visa on time In case you already hold a passport, double check its validity. Check that it’ll last much after the end of your semester. 2. Your course(s), flights and accommodation Every study abroad program is unique. Most of them revolve around traditional coursework. You need to know when your course starts (so that you can book your flight tickets in advance and get early bird discount) which classes you have to take, what’re their timings etc. Knowing it will let you plan your activities in coordination with that schedule. It is important to know where you will be staying as it will help you to figure out of your commute. 3. Be updated with the currency exchange. At the time of finalizing where to study overseas, most of the students keep the daily expenses in their mind. What you need to know that few of the cheapest countries to visit are unstable. Do not make any assumption that the American $ would have the exact value when you are studying overseas as it used to be when you have checked the exchange rate 5 months before going, specifically if you belong to a country that has a volatile economy. Even a minor change can have a major impact at the time you are budgeting. 4. Follow the news updates on your travel destination. You must be updated about the economy of your study abroad country’s economy. You must know about its metro system, political situations, health facilities etc. Some of the most preferred destinations to study overseas are either in political or economic flux, you need to keep your calm during every major or minor incident. In worst case situation, the country could close its border and your overseas study trip could get suspended. During situations like these, a student travel insurance policy will act as a savior. 5. Get the necessary medical checkups and vaccinations. Your physician may recommend you to visit a clinic that caters to all the travel needs, where you will know exactly what you would need to be healthy during your overseas trip. 6. Organize your itinerary and flights. Get your flight tickets, maps, itineraries, etc. in a single place, and keep them ready for a tension-free and efficient journey. Getting everything well organized in advance will enable you to can lay back, be calm and enjoy your journey. On the top of everything, all this would help you to save your hard-earned money the when you consider all the money. We hope this article was helpful for you. Safe travels!!! Off late healthcare expenses can wipe off your savings in a single go. In order to avoid any fiscal stress triggered by any medical emergency, buy travel insurance.
Here are 10 best travel insurance policies that you can purchase to minimize your travel related troubles. • ICICI Single round trip policy- This is a policy which can be purchased by an individual ranging from three months to 70 years of age for a single international round trip. It’s a perfect International Travel insurance policy that covers medical as well as financial urgencies that might arise when you travel overseas. It comes with a unique set of features such as cashless hospitalization across the globe along with other benefits such as checked in luggage loss/delay etc. • ICICI Gold multi trip policy: This is a policy which is offered to individuals falling in the age group 0 - 70 years. It’s formulated to suit the insurance needs of the frequent travelers. This plan is valid for 1 year and it can be selected between 3 options of 30 days, 45 days and 60 days. The policy offers coverage for medical evacuation expenses, pre-existing illness in the case of life threatening scenarios. • Overseas Insurance Mediclaim policy (Holiday and Business): This is a policy that covers an individual traveler traveling abroad for professional purpose or for personal purpose in the case of diseases, illness contracted and injury caused during foreign travel. Luggage is also included in this insurance plan. • Max Bupa International medical emergency policy: This travel insurance policy offers medical support across the globe. This policy provides coverage for all the variety of insurance that includes leisure, business, and study travel. This overseas medical emergency plan provides coverage for the medical evacuation charges as well. • Apollo Munich Easy travel insurance policy: This plan is ideal for the overseas travelers as it comes with an alternative to getting money from the insurance company if there is any urgency. The plan provides coverage for all the travel related risks such as trip cancellation and delay, trip termination and much more. It covers medical treatment such as urgent dental treatment that is too expensive in abroad. Read Also : The Problems of Travelling to a Foreign Country and its Solutions • Apollo Munich Family travel insurance policy -This plan is customized to protect you along with your family from any kind of travel tragedies. Along with the basic travel insurance coverage that includes medical assistance, the policy provides support with foreign embassy/ interpreter services as well. • Future Generali Travel Suraksha policy: This policy can be purchased for domestic trips as well as international trips. This plan isn’t restricted to any age group. It can be purchased for a specific geographical location such as Asia, Europe etc. • Reliance Annual Multi-trip insurance policy: This plan is intended specifically for the people who have a thing for travel. Any traveler can buy this travel insurance plan for a time period of 6 months and it can be extended if required. |
AuthorInsurance and financial manager. Archives
May 2018
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