The students who manage to safeguard a place in any of the world's best universities are lawfully excited with the chance to establish themselves. However, they should also keep in mind that they are not studying in their native place, student travel insurance which is very hard even for the parents as they have to spend out of their pockets. Also, it is important for them to be aware of the risks that they may have to face in any unfortunate events.
You can be released from such stress if you are covered under the Student Health and Travel Insurance Plan.
What is Student Travel Insurance?
Student Travel insurance refers to the insurance that covers the risks associated with traveling. These risks may be any loss of luggage, delays or injury in other countries.
It is a very useful protection for the ones traveling abroad.
There are many policies available in travel insurance, you may choose the type of policy according to your needs and requirements.
Travel insurance can be arranged at the time of booking your trip in order to cover that particular time duration of the trip. Some of the policies offer higher and lower medical expense, depending upon the type of policy you applied for. The companies that are issuing new policies will not include situations that are based on typhoons or floods.
Is Student Insurance Mandatory?
Do you know there are many universities that provide insurance covers to all the non-native students? Out of which there are many who have made it compulsory for the students to take the insurance that is provided by them.
In addition to this, there are some disclaimer criteria that has to be fulfilled. All this information is published by the universities every semester. So, it is important for you to study the criteria, get the insurance done and purchase it after the approval.
Have a look at some of the major reasons why travel insurance is a must.
Travel-Related Emergencies
At times, there might occur non-medical emergencies such as loss of passport, laptop, international driving license, checked-in baggage or delays in trips due to bad weather that in turn that may further lead to a missed flight connection. Student travel insurance plans provide financial support to cover many such needs and necessities.
There are many companies that also offer compensation for the visa feeenclose the same is forbidden. So, it is very important to have travel insurance by your side to handle such situations in a better and effective way.
Keeps From Unanticipated Medical Expenses
Despite having thorough planning, there still occurs a situation where things go wrong at the time of traveling that can make you feel vulnerable as you are not in your native place. Sustaining medical emergency expenses that were not included may lead to financial stress and there are chances that your experience is completely ruined. This is the situation where travel insurance comes into existence. Now and again a crisis may include harm being exacted to an outsider - individual or property - wherein costs for the equivalent would need to be borne by the safeguarded. The main motive of this is to offer coverage for medical exigencies and that too on a cashless basis.
Furthermore, you might know that the cost of healthcare overseas is about 3 to 5 times costlier in comparison to that of India, even a small issue may turn out to be expensive. It is better to choose a broad travel insurance policy as it will not only cover the minor expenses but extends the limit in case of life-threating and critical issues.
Compulsory Requirement
There are a few countries that have made it compulsory for the non-natives to have travel insurance. There are times when visa applications get canceled and rejected because of the absence of the student travel insurance certifications. So, it is advised that whether or not your destination country has made your travel insurance mandatory, you must complete all your documentation before traveling.