Home Discover Journals Benefits Of Buying Student Travel Insurance

Benefits Of Buying Student Travel Insurance

By Finserv MARKETS - Oct 24,2019
Views Icon135 Views 0 0 Comments

Advantages Of Student Travel Insurance.

In today’s time, a large number of students are opting to pursue higher education overseas. Higher education not only adds to the qualification of students but also secures their future by opening various job opportunities for them. However, while planning their study abroad, it is essential for students to take care of several aspects. Right from selecting their course of study and university to planning their travel itinerary and accommodation, students must plan everything carefully to avoid any hassle in the later stages. Additionally, students planning to study abroad should not overlook the importance of availing a travel insurance policy. Student travel insurance is a type of insurance that provides medical as well as non-medical insurance coverage to students traveling abroad for studies. It allows the students to deal with unforeseen circumstances in a better way. Therefore, having it is a must for students planning their higher study abroad.

Benefits of student travel insurance

1. Medical Cover

While studying abroad, hospitalization and other medical expenses can take a toll on your finances if you don’t have a student travel insurance policy. The cost of treating any illness in a foreign country can be massive. This is where a policy can prove to be extremely handy. A comprehensive student travel policy will take care of the expenses in case of an unexpected medical emergency. Based on the nature of the policy, it will offer coverage against personal accident, traveling expenses to the nearest physician, etc.

2. Compassionate Visit

A student travel insurance policy also covers the cost of a compassionate visit. This clause covers the cost of a family member’s visit to the student. Moreover, there is also an option of a two-way compassionate visit wherein, the student can visit the family back home in case of an emergency.

3. Interruption in Studies

Unforeseen circumstances can lead to an interruption in studies. In such scenarios, the semester fees for can be reimbursed depending upon the clauses of the policy.

4. Loss of passport

In case the insured student misplaces his/her passport, a travel insurance policy will reimburse the expenses incurred for making arrangements for a fresh passport.

5. Basic covers

Basic covers associated with the policies are loss of baggage, theft, flight delay, cancellation of flight, etc. The student’s travel insurance company can also act as an expert that provides guidance to the students in case of tricky situations associated with traveling and residing for a while in a foreign country.

Now that you are well aware of various travel insurance benefits, availing a policy, which safeguards you while pursuing your higher education abroad. With the help of leading insurance providers, you can avail it online from the comfort of your home. Bajaj Allianz Student Travel Insurance available on Finserv MARKETS offers a wider coverage and comparatively lower premium.

So why wait? Avail a Bajaj Allianz Travel Insurance and secure your stay abroad while pursuing higher education.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!

Comments

Connect with Us
Connect with Us

Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522