When planning for the admission process, managing your finances, procuring documents – tickets, currency exchange, visa, passport, etc., the one thing that’s often sidelined in the entire process is travel insurance. But it should be on top of your priority list.
Undoubtedly, getting admission in a foreign university could easily be a lifetime opportunity and a dream come true for any student. As lucrative as it may sound, going to study abroad might impose a lot of risk, especially if you don’t have adequate student travel insurance cover.
Why is student travel insurance important?
Any unexpected illness or medical expenses on foreign soil can easily make a dent in your savings. Huge disparity in currency makes it even more exorbitant. If you are planning to go to a foreign country without an adequate insurance policy in hand, then you need to rethink.
Even working professionals cannot imagine meeting hefty medical expenses on their own in a foreign country, let alone a student with a limited budget.
Ever thought, how will a student manage alone during any unforeseen circumstances away from their family? Having a student travel insurance policy will cover you against any loss or damage arising due to personal and medical emergencies.
The cover offered by student travel insurance policies:
Most student travel insurance policies require a premium once a year. You can even go through Policy Bazaar reviews that are posted by student travelers, who have benefited from various travel insurance policies.
Here are just some of the many benefits offered by student travel insurance policies:
1. Lost Passport – What will you do in case your passport is lost or misplaced? Yes, it can be as daunting as it sounds, but if you have your travel insurance policy in place, your insurer will assist you in acquiring a duplicate passport and will help you arrange important travel documents.
2. Hospital Cover – In case, there is any medical emergency arising in between your semester, your insurer will recompense or settle the tuition fee that has already been paid by you for that particular semester. The policy will reimburse for interruption of studies due to emergencies or permanent disability or any fatal injury caused to the insured student. However, the claim amount should be within the policy limit.
3. Accidental death or disability coverage – In case your sponsor is killed then the insurer would compensate the remaining school fees. The claim amount will be based on the sum assured. Unfortunate events like accidental injuries and death are also covered. Any impairment or damage to eyes or limbs resulting from any of such incident, within the duration of one year from the event or travel date, will be taken care off.
4. Emergency evacuation – Imagine a situation, where you have fallen sick, or you meet with serious accidental injuries that require a compassionate visit by one of your family members – parents, spouse, children or in-laws. The cost of the flights will be an added burden. If you have a comprehensive travel insurance policy, then the flight costs (economy class) will be borne by the insurer.
5. Coverage for detention on foreign soil – Every year, a number of cases are registered with international universities, where students are detained for inadvertently breaking the law. However, if you have secured yourself with a student travel insurance plan, the bail amount will be compensated. Though any criminal act or deliberate over speeding of the vehicle, will not be considered.
6. Dental treatment coverage – Getting dental treatment overseas can cost you a fortune. But if you were smart enough to get yourself covered, your expenses on dental treatment will be reimbursed by your travel insurance company.
Studying abroad requires your fulltime involvement. If you want to achieve your goals, it’s imperative that you do not let any unforeseen health or travel related troubles interrupt your academic schedule. Student travel insurance sorts all this and much more for you and helps you focus on your studies by keeping all the worries and woes at bay.