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Basic Differences Between Student Travel Insurance And Travel Insurance

Many people travel to distant countries, whether it’s to see far-off places on vacation or to look into business chances.

Similarly to this, many students go to considerable lengths to obtain their degree from an esteemed overseas institution in order to improve their employment possibilities. There are several travel insurances available, just as there are various reasons to travel overseas. But many young people are still unsure of how student travel insurance abroad differs from regular travel insurance.

What is travel insurance:

Given the expensive medical facilities abroad, any illness or accident you experience while travelling abroad could significantly increase your spending. Select a travel insurance plan to protect you and your loved ones from such unplanned costs. The coverage offered by travel insurance companies takes care of issues, including lost luggage, flight delays, hospitalisation costs, and third-party damage compensation. With prices based on the number of days, you may cover your travel itinerary. For a one-day meeting in the US, for instance, you could pay less by purchasing travel insurance from India for just one day rather than four.

What is travel insurance for students?

There are Indian students studying in more than different nations. Their safety in a distant country is a constant worry for the parents. A student’s foreign travel insurance serves as a safety net in the event of medical emergencies, money issues, and other challenging circumstances like lost or stolen luggage. Travel insurance companies provide plans at a reasonable cost that include accidental passing away, where the nominee is given the insurance sum, medical bill reimbursement in the event of hospitalisation due to illness or injury, legal assistance, loss of luggage or a passport, etc.

But how are they different?

As you may have realised by now, travel insurance is designed for individuals who will be visiting a foreign nation for a little period of time, such as a week or two. However, if the aim is to stay for several months or even years to study, student-specific travel insurance coverage is essential.

A student travel insurance policy also covers the tuition for any time when studies are postponed because of hospitalisation. If the insured person is compelled to stop his studies owing to illness, the loss of a family member, etc., it also reimburses the advance payment. When the policyholder needs to be hospitalised for more than a week (and there are no family members already in the area), it even pays for supporting the trip and stay of one family member. It even covers the expense of the student’s treatment for mental and nervous diseases, including alcoholism and drug abuse, and pays the insured’s remaining tuition fees in the event of the accidental passing away of the insured’s sponsor.

A student travel plan won’t provide coverage for theft- or fire-related loss or damage to items at your house in India, but simpler travel insurance does. The decision is now entirely up to you!

What characteristics should a student travel itinerary have?

A typical student travel insurance package contains:

  • Medical expenditures, including any necessary evacuation and return fees.
  • Provision for dental emergency care.
  • Payment of the tuition for the time when a hospital stay causes a study interruption. If the insured must stop his studies because of a fatal illness, the loss of a family member, etc., the policy will also refund the tuition payments (paid in advance).
  • Supporting one family member’s travel and lodging when the insured must stay in the hospital for longer than seven days (only in case no family member is present by his side).
  • In case the sponsor passes away in the middle of the course, covering the insured’s remaining tuition costs.
  • Compensation for lost passports, misplaced luggage, delayed bags, etc.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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