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What does student travel insurance cover?

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Studying in a reputed university overseas is a dream for many. As more and more students are heading abroad for better education and career prospects, many insurance companies offer a special student travel insurance plan for medical and financial assistance in a new country. Here is a look at the many benefits the insurance plan offers to students staying away from their homeland.

What does student travel insurance cover?

Student travel insurance offers different types of coverage for a pleasant journey and peaceful stay in a foreign country. These include:

• Travel-related coverage

• Medical-related coverage

• Stay-related coverage

1.Travel-related coverage

Delay in receiving checked-in baggage: Have you reached the new city, but your luggage is delayed? In such a scenario, you may have to purchase certain things until you get your baggage back. However, do not worry about the money you spend on buying the essentials. Emergency purchases in case of checked-in baggage delay are covered in the student travel insurance plan.

Loss of checked-in baggage: This can be quite disturbing as your baggage may contain your personal belongings as well as many important documents, currency notes, and valuables. If your carrier misplaces your luggage or there is a theft, you must convey the same to your travel insurance company. Your insurer will compensate for the loss and make things easier for you.

Missed flight connection or departure: If you happen to miss your flight, your insurer will reimburse a certain or pre-stated amount to help you bear the additional expenses.

2.Medical-related coverage

Medical expenses: If you fall sick or meet with an accident in a foreign land, your insurer will cover your medical expenses and save you from exorbitant hospital bills. You can easily avail of cashless medical treatment in one of the network hospitals. You can also opt for a non-network hospital and submit a claim with your insurance company for reimbursement of the bill amount. Your insurer will also cover:

• Medical evacuation

• Accidental death

• Body repatriation

• Permanent disablement 

Dental expenses: The insurance company reimburses expenses related to emergency dental treatments as well, resulting from dental injury or sudden acute pain.

3.Stay-related coverage

Personal or third-party liability: In case a third-party in the foreign country suffers any property damage because of you, you will be compensated for the expenses incurred. This also includes medical expenditures you are liable to pay in case of an accident that causes bodily injury to the third-party.

Refund of tuition fees: If you are unable to attend your classes due to prolonged hospitalization or death of a close family member, your insurer will refund the tuition fees for the remaining semester. For instance, if you are hospitalized for more than a month due to sickness or injury, your insurance company will reimburse the tuition fees you have paid in advance to the educational institution.

Loss of passport: Lost your passport? Don’t panic. First, you should file an FIR at the nearest police station. This report is necessary for you to be issued a temporary or duplicate passport. Then get in touch with your insurance company who will explain the process of loss of passport process. They will cover the expenses of getting a new or temporary passport made.

Bail amount: If you get arrested for a bailable offence, your insurer will cover the bail amount.

Compassionate visit of family members: In case you get hospitalized for a week or more and a close family member comes to visit you, your insurer will pay for his/her flight tickets and other expenses as mentioned in your policy terms and conditions.

Sponsor-related expenses: In case your sponsor meets with accidental death, the travel insurance company will pay your tuition fees for the remaining period as per the maximum limit mentioned in the policy. This will help you continue with your education without worrying about finances.

Conclusion:

If you are planning to go abroad for higher education, make sure you take student travel insurance from a renowned company, such as HDFC ERGO. We offer a comprehensive travel insurance plan for students to ensure financial protection and support in a foreign land. Get in touch with us to know more about the plan’s terms and conditions. You can also apply online and avail of this policy from the comfort of your home.