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While the thought of sending your child abroad for higher education is overwhelming, it is crucial that they are prepared for all kinds of situations, including any emergencies.
They might have enough funds on them to finance their education, accommodation and even travel while abroad. However, in case of any unforeseen incident, you would not want them to face any kind of financial crunch, would you?
A student travel insurance policy takes care of this for you. It covers you in case of loss of baggage, medical expenses, medical evacuation, loss of laptop, etc.
You should get student travel insurance so that you don’t have to worry about your child's financial security in any contingency situation, when you send them to study abroad.
A Bajaj Allianz student travel insurance plan, while covering your child in case of unfortunate events, also has various other benefits -
It covers you for medical and dental expenses
Offers coverage in case of trip delays and cancellations
Pays for your compassionate visit to your child
Facilitates an instant policy with less documentation and process
Does not require any health check-up/medical tests
Provides round the clock assistance through on-call support
Similar benefits are offered by the individual travel insurance plan available on Finserv MARKETS if you decide to explore a new country by yourself. Also, if you are planning a trip with your full family, make sure you purchase a family travel insurance plan so that each member has a safe and memorable trip.
Studying abroad involves high tuition fees, medical expenses and a host of other financial requirements. But what about unforeseen circumstances like medical emergencies or loss of personal property during your study?
Student travel insurance takes care of the unforeseen thus allowing you to study unhindered. Also, certain foreign institutions require prospective students to have travel insurance when applying for admission.
Be it hospitalization, out-patient treatment or day care procedures, student travel insurance offers coverage up to $10,00,000.
Travel insurance plans cover the cost of procuring a duplicate passport (up to $300). What's more, in the event of your baggage being misplaced by airlines, this plan provides coverage for this too!
If you lose your laptop during the course of your study abroad, the plan provides coverage up to $500.
Reimbursement of tuition fee is provided in case of medical exigencies.
Coverage is provided if the insured is arrested or detained by local police when travelling.
This refers to arranging for transport to move an insured to their country of residence in the event of a medical emergency.
This refers to transporting an insured to the nearest available hospital when faced with a medical emergency.
Provision for hospitalization daily allowance is covered under this insurance plan.
Plan includes coverage up to $10,000 against death/accident to sponsor.
Should the aircraft you are travelling in be detained by hijackers, this plan promises coverage in the face of such eventualities.
In the event of your baggage being misplaced by airlines, this plan provides coverage for the same too!
Each policy has certain limitations. Student travel insurance comes with certain exclusions as well. It includes -
With a gazillion student insurance plans available in the market, choosing one can be an overwhelming task. The student travel insurance available on Finserv MARKETS are tailor-made as per your insurance needs and are one of the best in the market. Don't believe it yet? Well, in that case, here’s why you should choose us -
No tedious paperwork or heavy documentation. It only takes 3 steps! Get your policy within minutes in your mailbox.
We have a settlement ratio of 93% and no third-party involvement. Use ‘Travel Ezee’ for instant reimbursement of flight delay expenses.
With 10000+ network hospitals around the globe and highest emergency cash benefit, no matter where you go, we've got you covered.
100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!
With our mobile app and insurance wallet, you don’t need to register a claim for trip delays for it to be settled. We keep a track of delays and initiate the pay-outs, accordingly, thereby automating the entire process.
Get on-call support anywhere in the world. Travelling abroad? With the Global assistance facility of Bajaj Allianz, you can rest assured. Here’s how you can seek support while on your next trip.
No rocket science here! Follow 5 simple steps and you’re done
Filing claims was never so easy. Just follow these steps and your're done.
For information on your travel insurance policy, refer to the 'Process' section below.
Use the link below to inform and register your claim.
Get all the documents required for the claim settlement process.
For Personal Accident Cover related claims, the insured must file an FIR with the police and submit the same to the insurer.
Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!
For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.
Use the link below to inform and register your claim.
Get all the documents required for the claim settlement process.
For Trip Delay - If the delay is more than 6 hours, the insured must contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.
For Missed Connections - If the delay exceeds the specified time limit mentioned in your insurance plan and this results in a missed connection, please contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.
Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!
For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.
Use the link below to inform and register your claim.
Get all the documents required for the claim settlement process.
In the event of baggage loss/delay, the insured must contact the concerned airlines, file a complaint and obtain a PIR (Property Irregularity Report).
Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!
For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.
You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number along with the following details.
Based on the approval of the underwriters, the policy will be cancelled within one working day after receiving an email and the required documents from the insured.
In case of any early return of the insured person prior to expiry of the policy period, the company will refund premium at the rates shown in below table (subject to no claims being incurred on the policy). To know the percentage of premium to be retained by the insurer, refer to the table below.
Line to redirect customers to links category.
Just like it is easy to buy student travel insurance with us at Finserv MARKETS, so is the way to cancel the policy. Following are the cancellation steps based on three different scenarios -
Send an email requesting the cancellation of the policy.
Mention your policy number or the schedule number to proceed.
Note: Cancellation charges of INR 250 have to be paid by you.
Present documents that prove you have not travelled to a foreign country.
Scanned copies of all the passport pages (including the empty ones).
Reason for the policy cancellation.
Visa rejection letter in case the embassy has rejected your visa.
Upon approval, we will cancel the policy within one working day after receiving your email and all the necessary documents.
If the student returns to India before the expiration of the policy, the premiums will be retained as follows -
Period of Risk |
Rate of Premium Retained |
Above 50% of the policy period |
100% |
Between 40% and 50% of the policy period |
80% |
Between 30% and 40% of the policy period |
75% |
Between 20% and 30% of the policy period |
60% |
Policy inception – 20% of the policy period |
50% |
The documents required to make a travel insurance claim depends upon the different situation you want to make a claim for. However, there are some general documents you might need to submit: -
Duly filled claim form
Policy number and the copy of policy
Your identity card
Proof of your age
Loss amount document
Copy of tickets and boarding passes
Travel dates and other details
7 reviews
My son wanted to pursue his studies abroad so when we got a loan we also got a student travel insurance plan as a financial backup for any emergency situations. Bajaj Allianz student travel insurance has made it easier for us to secure our son's future.
Posted on 9 Dec 19
For my higher education I applied for a student travel insurance with Bajaj Allianz and secured my stay abroad. They provide good financial emergency assistance. Their customer service unit is quite quick and responsive to my queries.
Posted on 29 Nov 19
Applied for a Bajaj Allianz student travel insurance for my brother as he was pursuing higher studies abroad. The insurance plan offered good financial backup for any emergency situations. Thank you.
Posted on 14 Jan 20
When I was travelling for my higher education, I got a student travel insurance at Finserv MARKETS. With quick assistance, I could manage my unfortunate injury during the trip since the hospitalization costs were covered in the plan.
Posted on 06 Feb 20
When I bought the student travel insurance online, it was a very easy and hassle-free process with no paperwork included. Thanks to Finserv MARKETS, I could focus on other complex travel-related tasks, while the policy issuance was a simple process.
Posted on 27 Mar 20
When I decided to pursue higher education abroad, the first important thing was getting a student travel insurance. The Bajaj Allianz Student Travel insurance plan was of great help due to its extensive medical coverage while I was hospitalized. Perfect plan.
Posted on 30 Mar 20
My son was moving to the US for his higher studies. This is when I came across the Bajaj Allianz student travel insurance policy which provides complete coverage. Now I can rest assured while my son travels abroad.
Posted on 09 Apr 20