Thousands of students travel abroad from India to pursue higher studies. Apart from other preparations, it is essential for these students to buy travel insurance coverage. Most insurance companies offer student travel insurance policies, which are customised insurance plans for students travelling overseas.
This blog will discuss some of the benefits of a student travel insurance policy.
Top Student Travel Insurance Benefits
Ensures Financial Support For Passport Loss
As a student studying overseas, losing your passport is a situation you do not want to find yourself in. It is an essential document that identifies you as an Indian citizen, and it also contains your visa. However, if you lose your passport, an overseas student insurance policy will offer coverage for the expenses associated with getting a fresh or duplicate passport.
Having a student travel insurance policy will help you reduce the financial burden of replacing your lost passport during a stressful time.
Offers Reimbursement In Case Of Study Interruptions
The death of an immediate family member or a sudden injury or illness can force you to interrupt your studies. This could result in months out of university and may lose out on a semester. Fortunately, with student trip insurance advantages, which include coverage for study interruptions, you get reimbursement for the fees paid for the semester you missed out on.
Coverage For Medical Expenses
An accident or death can occur at any time. If such a situation arises while studying abroad, you may be exposed to the risk of exorbitant medical bills. This is when travel insurance for students can come to your rescue with its medical coverage.
An overseas student insurance policy will pay for your inpatient treatment, plaster casts, diagnostic tests, transportation to the hospital and X-rays. In the unfortunate case of death, it will offer coverage for the expenses of bringing the body back home or offering a local burial.
Compensation For Baggage Loss
There are several cases where an airline loses checked-in luggage. If this happens to you, getting your belongings back can be challenging. However, with an overseas student insurance policy, you will receive reimbursement for the losses incurred. Additionally, you get coverage for the losses incurred in case the flight delays your luggage.
Offers Bail Bond Cover
Familiarising yourself with the rules and laws of a foreign country could be challenging. However, if you unknowingly break the law, hurt someone by accident or damage property, you could face possible jail time. This is where an overseas student insurance policy can help.
Handles Personal Liabilities
Personal liability refers to the money you owe an individual for the damages you cause to their health, life, or property. This is typically a huge amount of money and can drain your financial savings. Student travel insurance benefits include coverage for all liabilities owed to a third party.
To Wrap It Up
Getting overseas student insurance is the most essential thing you can do to ensure your study abroad is stress-free and safe. Student travel insurance offers students and their loved ones peace of mind by covering medical emergencies, lost belongings, and other travel-related problems.
Travel insurance ensures that students can focus on their studies and settle into their new environment with peace of mind, knowing they are safeguarded against potential financial setbacks.
