Page 24 - LIFE INSURANCE TODAY Novemver 2017

Studying abroad?

Buy adequate

travel cover

M ost of us have relatives who are either of health, liability, travel cover and student specific benefits.
already studying abroad or preparing to
Listed below are the covers most plans will offer:
Emergency medical expenses: Medical expenses
do so. Getting into one’s dream university
Y
is a long-drawn process: Preparing for
are reimbursed.
admissions, financing the education, organising important incurred due to an accident or an unexpected sickness
documents such as passports, visa, tickets, foreign Y Medical evacuation: Covers expenses for getting back
currency, and so on. The drill is cumbersome and there’s to the country in case of medical emergencies.
one thing that gets the least attention in the process — a
Y Emergency dental treatment: Reimbursement of
good student travel insurance. And it’s among the most
emergency dental expenses due to injury or acute pain.
important decisions.
Y Accidental death: Payout is made in the case of death
Importance of student travel insurance due to an accident.

For one, it is mandatory in most international universities. Y Permanent disablement: Compensation is paid on
So, one cannot be lax about the product one is buying. permanent disability caused during an accident
Even if it is not mandatory in some universities, it is strongly
Y Repatriation of mortal remains: Coverage for funeral
recommended to have one while studying abroad. While
expenses or expenses related to bringing the mortal
most overseas universities offer their own registered
remains back to the country.
insurances, they also allow students to buy cover from their
Y Personal liability: Covers damages that an insured is
home country.
liable to pay for property damage or medical expenses
Graph These policies are customised policies, which cover due to an accident.
the trip abroad, as well as take care of the health-related Y Loss of passport: Reimbursement of expenses for
financial needs during the stay. obtaining a duplicate or fresh passport.

We all know that getting medical treatment in foreign Y Loss of checked baggage: Reimbursement of
countries can burn a big hole in your pocket. Consider this, replacement cost incurred for any damaged or lost
treatment costs in the US for a fracture cast can be around articles.
Rs 1.65 lakh and in case of admission to an intensive care Y Delay of checked baggage: An amount is paid for
unit (ICU), the charges are around Rs 1.75 lakh a day. Such making emergency purchases due to delay in getting
huge expenses can be easily taken care of with a student baggage.
travel insurance plan.
Y Study interruption: Reimbursement of remaining part
of the current school semester fee, if studies are
Coverage interrupted due to health reasons or death of a family

Indian student travel insurance plans provide a good mix member.

We learn something every day, and lots of times it’s that what we learned the day before was wrong.

24 November 2017 Life Insurance Today

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