They say dreamers are the ones who have the ability to make their dreams come true. But in reality the people who put in efforts, dedication, and hard work, and have all the strength to overcome all the odds are at the ones whose dreams take shape.
Many people dream to take admissions into foreign universities and make plans about their futures but very few get through it. You applied to a university of your dreams and your hard work paid off. What next? The struggle does not end here. People usually consider even the smallest details while sending their child to a foreign land but don’t really spend much time in understanding the need for buying insurance. You never know what you may need in terms of medical emergencies or lost baggage while travelling abroad for education. To be prepared for all this it is always a good idea to spend some time to understand and buy Student Travel Insurance and compare the best travel insurance for your needs. Student Travel Insurance Covers the Following: 1. Hospitalization charges for any medical needs required in a foreign land. 2. Cases where you might lose passports. 3. Loss of baggage during transit. 4. Tuition fees coverage arising due to delayed flights. The coverage is provided for all of the above but is not limited to only these. 1. The Need for Student Travel Insurance While you are in a foreign land for studies you don’t want to be worrying about any financial eventualities. You want to have your complete focus on your main target- studies. To avoid all these impediments you should start your journey after buying the best travel insurance for your needs. 2. Coverage The student travel insurance policy covers all the important factors related to your stay during your education. Though the coverage might differ from policy to policy the basic ones remain the same: i. Medical Issues: The insurance covers the expenses occurring on account of any hospitalization. We all are aware about the cost of medical treatments in foreign lands. It is the last thing we want to worry about when it comes to our child’s health. To avoid all this it is always a better idea to have insurance in place. ii. Transit Delays: Student is paid monetary benefits as per policy terms towards the expenditures made due to delay in flights. iii. Loss of Passport: all the expenses made to get a new passport issued are taken care of by the insurance agency. iv. Property Damage by the Student: Expenses sustained in a situation where the student is liable to pay the damage cost to property or individual is taken care of by the insurance company. v. Empathetic Visit: The expenses incurred by the family members while travelling to visit the student in case of emergency are reimbursed by the insurance company. vi. Tuition Fees: If a student is on a sponsored education, the tuition fees will be paid by the insurance company in events of death of the sponsor. vii. Body Transportation: In event of death of the student, the charges for bringing the body to the country of origin will be endured by the insurance company as per the agreed terms. viii. Fraudulent Usage of the Cash cards: The fraudulent money used from the card will be reimbursed to the student in cases of theft and robbery. ix. Benefits towards Accommodation: The student is paid the charges incurred toward any accommodation except for his/her original place of stay during any emergency situations. x. Pathological Examinations: The charges incurred towards any pathological examinations are also covered under student travel insurance. The insurance coverage basically differs from policy to policy and the cover one has opted for. It is always beneficial to compare various travel insurance online before buying and buy the best travel insurance. Following Things Are Not Covered Under Student Travel Plan: 1. Any medical or civil situation arising due to drug overdose or occurred after alcohol consumption. 2. Any pre-existing medical issues which are not disclosed at the time of policy creation. 3. Any expenses occurred due to suicidal injuries. 4. Any loss of belongings due to negligence. The student insurance plan is a mandatory requirement in all the foreign universities. Any individual between the ages of 17 -35 years can avail this. Most of the universities emphasise on buying the student travel insurance from them and do not accept any other plan. They know the requirement of their land better and offer coverings based on these necessities. Many a times the admissions also get cancelled in absence of these policies as they are required before the commencement of academic sessions. However the premiums paid for the policies bought in the country of origin are cheaper as compared to the ones paid to the university bought policies. Student Travel Insurance is a necessity for foreign education and acts as a shield in times of any emergencies. For more details check PolicyBazaar Customer Reviews
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AuthorInsurance and financial manager. Archives
May 2018
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