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Reasons To Get A Student Travel Insurance

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.

Features And Benefits of Student Travel Insurance

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.  

Student Travel Insurance Myths Busted

Student Travel Insurance

What’s Covered In International Student Travel Insurance?

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.

  • Medical Expenses

    Be it hospitalization, out-patient treatment or day care procedures, student travel insurance offers coverage up to $10,00,000.

  • Loss of Passport

    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!

  • Loss of Laptop

    If you lose your laptop during the course of your study abroad, the plan provides coverage up to $500.

  • Tuition Fee Reimbursement

    Reimbursement of tuition fee is provided in case of medical exigencies.

  • Bail Bond Coverage

    Coverage is provided if the insured is arrested or detained by local police when travelling.

  • Medical Repatriation up to $6500

    This refers to arranging for transport to move an insured to their country of residence in the event of a medical emergency.

  • Medical Evacuation

    This refers to transporting an insured to the nearest available hospital when faced with a medical emergency.

  • Hospitalization Daily Allowance

    Provision for hospitalization daily allowance is covered under this insurance plan.

  • Coverage against Death/Accident to Sponsor

    Plan includes coverage up to $10,000 against death/accident to sponsor.

  • Coverage against Hijack

    Should the aircraft you are travelling in be detained by hijackers, this plan promises coverage in the face of such eventualities.

  • Baggage Loss

    In the event of your baggage being misplaced by airlines, this plan provides coverage for the same too!

Exclusions in International Student Travel Insurance

Each policy has certain limitations. Student travel insurance comes with certain exclusions as well. It includes -

  • Losses arising from accidents as a driver on motorized vehicles unless at the time of the accident the insured is in possession of a current full international driving license and while riding a two-wheeler is wearing a safety crash helmet.

  • Pregnancy resulting in childbirth, miscarriage, abortion, termination of pregnancy or complication arising out of any of the foregoing.

  • Losses arising directly or indirectly from manual work or hazardous occupations, self-exposure to needless peril (except in an attempt to save human life), or if engaging in any criminal or illegal act.

  • Any medical condition or complication which existed before the commencement of the policy period, or for which care, treatment or advice was sought, recommended by or received from a physician.

  • Loss or damage to the insured’s passport due to confiscation or detention by customs, police or any other authority.

  • Loss caused by the insured’s failure to take reasonable steps to guard against the loss of the passport.

  • Loss of passport which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, and in respect of which an official report has not been obtained.

  • The insurer will not pay for any delay if the aircraft is taken out of service on the instructions of the Civil Aviation Authority or other competent statutory authority except due to bad weather conditions.

  • The insurer will not pay for any delayed departure caused by a strike or industrial action known to exist or was anticipated at the time the trip was booked.

  • The insurer will not pay for any departure which is delayed due to the insured any other person who is responsible for the travel arrangements and failed to check-in correctly as required by the airline.

  • The insurer will not pay for any bail amount where the insured has been charged for breaking the law with criminal intent.

  • The insurer will not pay for any bail amount where the insured has been charged for over speeding in a vehicle.

  • The insurer will not pay for any deductible mentioned in the Schedule (pertaining to loss of laptop).

  • The insurer will not pay for any electrical or mechanical breakdown of the laptop.

  • The insurer will not pay for loss of software or data in the laptop and any consequential loss.

  • The insurer will not pay for loss or damage arising from detention, confiscation, destruction or requisition by or under the order of any Government and/or public or local authority.

  • Congenital anomalies or any complications or conditions arising there from.

  • Any Fertility, subfertility, impotence, assisted conception operation or sterilization procedure.

  • For the complete list of exclusions, refer to the PDF in the 'Download' section.

Why Choose Finserv MARKETS for Student Travel Insurance?

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 -

Fast online process

No tedious paperwork or heavy documentation. It only takes 3 steps! Get your policy within minutes in your mailbox.

Hassle free settlement

We have a settlement ratio of 93% and no third-party involvement. Use ‘Travel Ezee’ for instant reimbursement of flight delay expenses.

Covered across geographies

With 10000+ network hospitals around the globe and highest emergency cash benefit, no matter where you go, we've got you covered.

Trusted companion

100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!

Automatic Claim Settlement with Trip Delay Delight

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.

On-Call support

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.

  • Should you be in any need, connect with the team, no matter where you are travelling
  • Just give a missed call on the toll-free number: +91 - 124 – 6174720
  • The representative will get in touch with you in no time
  • Get your queries answered within 10 minutes

How to Apply for International Student Travel Insurance?

No rocket science here! Follow 5 simple steps and you’re done

  • Choose your destination

  • Select the travel dates

  • Enter coverage

  • Fill form and complete payment

  • Policy issued

Claim Process for Student Travel Insurance

Filing claims was never so easy. Just follow these steps and your're done.

  • 1

    Register Your Claim Online

  • 2

    Upload Documents Online

  • 3

    Claim Assessment

  • 4

    Claim Decision

For information on your travel insurance policy, refer to the 'Process' section below.

  • Process
  • Download
  • Emergency Contact
  • Medical
  • Trip Cancellation/Trip Delay/ Missed Connection
  • Baggage Delay/Loss of Baggage
  • Cancellation Process
  • Updating the Insurer

    Use the link below to inform and register your claim.

  • Document Collection

    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.

  • Document Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

  • Updating the Insurer

    Use the link below to inform and register your claim.

  • Document Collection

    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.

  • Claim Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

  • Updating the Insurer

    Use the link below to inform and register your claim.

  • Document Collection

    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).

  • Claim Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

  • Cancellation of Policy before Start Date - Premature

    • You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number.
    • A cancellation fee of Rs. 250/- will be charged.

  • Cancellation of Policy after the Start Date – If the Insured has not traveled

    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.

    • Proof that the he/she has not traveled overseas.
    • Photocopy or scanned copy of passport (all pages including ones that are blank).
    • Visa rejection letter in the event visa refusal by the respective embassy.

    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.

  • Cancellation of Policy after the Start Date – If the Insured has traveled

    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.

    Period of Risk
    Percentage of Premium
    About 50% of Policy Period
    100%
    Between 40% - 50% of Policy Period
    80%
    Between 30% - 40% of Policy Period
    75%
    Between 20% - 30% of Policy Period
    60%
    Policy Inception - 20% of Policy Period
    50%

  • Medical Claim
  • Trip Delay Claim
  • Trip Cancellation Claim
  • Loss of Baggage Claim
  • Other Travel Insurance Related Claims
  • Exclusions
  • Links for Claim Settlement Forms

Line to redirect customers to links category.

  • A&D (Common Carrier) Claim Procedure to Insured
  • Outpatient Medical and Dental Claims Procedure to Insured
  • Medical Evacuation Claims Procedure to Insured
  • Medical Expenses Claims Procedure
  • PA Cover in India Claim Procedure to Insured
  • Personal Accident Claim Procedure to Insured
  • Personal Liability Claim Procedure to Insured
  • Replacement and rearrangement of staff Claim Procedure to Insured
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Authorization for Medical Records Form - Allianz
  • Authorization for release of medical information from Medical Record - Bajaj
  • Attending Physician Statement Form
  • Missed Connection Claim Procedure to Insured
  • Trip Cancellation Claim Procedure to Insured
  • Trip Curtailment Claim Procedure to Insured
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Difference in Airfare due to delayed or early return Claim Procedure
  • Trip Delay Claim Procedure
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Loss of baggage Claim Procedure
  • Loss of Laptop Claim Procedure
  • Loss of Passport Claim Procedure
  • Loss of Personal Belongings Claim Procedure
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Bail Bond Claim Procedure
  • Golfers Hole in one Claim Procedure
  • Hijack Claim Procedure
  • Home Burglary Claim Procedure
  • Suicide Claim Procedure
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Travel Insurance Exclusions
  • Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form
  • Authorization for Medical Record - Allianz
  • Authorization for release of medical information from Medical Record - Bajaj
  • Attending Physician Statement
Country
Contact Number
USA (001)
186658 76903
Canada
186691 43705
Belgium(032)
00+800 1002005
Denmark (045)
00+800 1002005
France (033)
00+800 1002005
Germany (049)
00+800 1002005
Hungary (036)
00+800 1002005
Ireland (353)
00+800 1002005
Italy (039)
00+800 1002005
Malaysia (060)
00+800 1002005
Netherlands (031)
00+800 1002005
New Zealand (064)
00+800 1002005
Norway (047)
00+800 1002005
Philippines (063)
00+800 1002005
Portugal (351)
00+800 1002005
Spain (034)
00+800 1002005
Sweden (046)
00+800 1002005
Switzerland
00+800 1002005
UK (044)
00+800 1002005
Finland (358) - carrier TS
990+800 10002005
Finland (358) - carrier Elisa
999+800 10002005
Hong Kong (852)
001+800 10002005
Israel (972)
014+800 10002005
Singapore (065)
001+800 10002005
So. Korea (082) - carrier Telecom
001+800 10002005
So. Korea (082) - carrier Dacom
002+800 10002005
Thailand (066)
001+800 10002005
Japan (081) - carrier Tele
0041-010+800 10002005
Japan (081) - carrier IDC
0061-010+800 10002005
Japan (081) - carrier NTT
0033-010+800 10002005
Japan (081) - carrier KDD
001-010+800 10002005
Australia (061)
0011+800 10002005

How To Cancel Your Student Travel Insurance?

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 -

  1. Before The Start Of The Plan

    1. Send an email requesting the cancellation of the policy.

    2. Mention your policy number or the schedule number to proceed.

Note: Cancellation charges of INR 250 have to be paid by you.

  1. After The Start Of The Policy (In case you have not travelled)

    1. Present documents that prove you have not travelled to a foreign country.

    2. Scanned copies of all the passport pages (including the empty ones).

    3. Reason for the policy cancellation.

    4. 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.

  1. After The Start Of The Policy (In case you have travelled)

 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%

Documents Required for Making a Claim

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

Student Travel Insurance FAQs

  • ✔️I am planning to pursue higher education abroad. Do I need to purchase student travel insurance?

    Depending on the country/university you are travelling to for your studies, you may have to get travel insurance. Certain countries/universities make it compulsory for students to have insurance in place. Even if the country you are travelling to doesn't require you to get a student travel insurance, it’s best if you do get it. It helps you be better prepared in case of unforeseen situations like: loss of laptop, medical emergencies, loss of baggage and a lot more.

  • ✔️What is the eligibility age criterion for a student travel insurance policy to be issued?

    The student who wants to be insured under a Bajaj Allianz student travel insurance plan must be between the ages of 16 to 35 years and not older than 35 years

  • ✔️I wish to buy a student travel insurance in India, online. What paperwork would be required?

    If you want to buy a student travel insurance online, no paperwork is required. Buying a Bajaj Allianz student travel insurance policy on Finserv MARKETS is a quick and hassle-free process.

  • ✔️What is the maximum days for which I can take the policy?

    You can take the Bajaj Allianz student travel insurance policy available on Bajaj Finserv MARKETS for a maximum of 366 days.

  • ✔️Let’s say, I suffer any loss while travelling by railway/ship while I am on my international study trip. Will my student travel insurance policy help me in any way?

    Your policy will cover you only if you travel by a “common carrier”. It refers to a scheduled commercial ship or vessel or airline which is a licensed passenger transportation operator from the relevant authority.

  • ✔️Suppose I fall sick and need hospitalization while studying overseas. Will the policy cover me for the expenses incurred?

    Yes, the student insurance policy covers you for hospitalization expenses that you might incur while studying abroad. Our partnership with Bajaj Allianz ensures that the process be a simple, quick & cashless one.

  • ✔️Does the policy cover me for dental treatments?

    Yes, it does. Any dental expenses incurred by you for any acute anesthetic treatment of your teeth due to an Injury, will get reimbursed.

  • ✔️In case I lose my passport while still in India, will my student travel insurance cover the expenses incurred for issuing a duplicate passport?

    Unfortunately, if you lose your passport in India, the policy won’t cover any of your expenses.

Travel Insurance Reviews

Travel Insurance Reviews

4out of 5

7 reviews

The Best Place for Travel Insurance

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.

Sonal

Posted on 9 Dec 19

Very Helpful and Quick Response to Queries

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.

Jai Amar

Posted on 29 Nov 19

An Insurance Plan with Good Financial Assistance

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.

Bhavna

Posted on 14 Jan 20

Happy with the quick assistance

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.

Neha Raut

Posted on 06 Feb 20

Seamless process

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.

Disha Sen

Posted on 27 Mar 20

I could manage my medical emergency easily

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.

Nitin Gandhi

Posted on 30 Mar 20

My son can travel safe

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.

Madhav Deshmukh

Posted on 09 Apr 20