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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AuthorInsurance and financial manager. Archives
May 2018
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