You have many thoughts, ideas and dreams in your life. From your young age you work towards achieving them. One of the biggest dreams you may have, and probably your parents too may have, is that you go to reputed universities around the world, such as MIT, Oxford or Harvard for advanced studies. You might also dream of taking a year off from your education and go on a tour either within India or abroad.
However, such a trip is not void of concerns and problems, especially if it is in a foreign country. From your parents concerns regarding your well-being in foreign soil, each day will be a challenge. You must be well prepared to protect yourself and be ready to meet any financial eventuality. You can then travel with peace of mind and spend your valuable time on things that are more important such as studies and sightseeing.
What They Typically Cover
To safeguard yourself and your belongings during travel, there are a number of student Travel Insurance
plans available in the market. However, you must do thorough research before you buy one and must not blindly agree to every plan that your educational institution offers. Most of the insurance plans are sufficient to provide cover for any emergency that can come up during your travel, such as:
1.Emergency medical treatment
You can need emergency medical assistance in a good hospital in case of any accidental injury or sudden illness. You may also have to be evacuated to India for advanced treatment. Your family will also get compensation in case of your accidental injury or death.2.Lost, delayed or damaged baggage
You may also have your emergency medicines and prescriptions in your bag, and you need them urgently. If your baggage is late for more than 12 hours, your important expenses, such as fresh clothes, toiletries and medicines will be taken care of and reimbursed by the company. In case your baggage gets lost or damaged during transit, you will be compensated by the insurance company. 3.Lost travel documents
Your cost of getting duplicate documents such as passport will be taken care of by the insurance company using the policy. 4.Trip cancellation or delay
You will be compensated in case of the flight or the trip being delayed or called off. You may be ill, your family member hospitalized, or the city you are planning to go to may be affected by a terrorist act and your trip gets delayed or cancelled. In these cases, you will be compensated and your non-refundable expenses will be paid off from your insurance policy.What to Look For
You must not blindly agree to every plan that your educational institution offers you but must do thorough research before you buy a student travel insurance
. Buying online travel insurance will allow you to compare various policies easily and in detail.The following are some important features you must look for:
Duration of journey for which the insurance is given.
Flexibility in extending the stay,if the Policy allows this.
Geographical territories, particular countries, world wide etc.
When and how to contact TPA (Third Party Administrator).
If the policy is renewable or not.
Specified upper Age Limit for students’ insurance policy.
Insurance Premium and insurance claims settlement record.
As a student, you might not have much money to buy an insurance policy. However, these policies are a necessary evil as you may not be having any source of income. It is typically for those students who are travelling alone and are not going with their family with a common insurance policy.