Why Student Travel Insurance is a Must-Have for Studying Abroad

April 28, 2023

Why is student travel insurance important?

When planning to study abroad, international travel and boarding come with their own risks and uncertainties. Also, travelling abroad as an Indian student can be incredibly daunting due to culture and food differences. It's crucial to have comprehensive travel insurance that covers medical emergencies, including hospitalisation, doctor visits, prescription drugs, and emergency medical evacuation.  

Here are some statistics on the bills for standard medical procedures in different foreign countries : 

Heart Bypass: $144,000 (Africa)

Angioplasty: $8,000 (Africa)

Dental Implant: $2,800 (USA)

IVF Treatments: $ 14500 (USA)

Knee Replacement: $ 7,200 (Malaysia)

Source: www.medicaltourismassociation.com

It is evident from the above statistics that healthcare costs are way expensive in countries abroad. Hence, student travel insurance is a must-have for anyone planning to study abroad.

What does Student Travel Insurance cover?

Student travel insurance can be customised as per the student’s needs, medical history and other details. Here are the situations where student travel insurance comes in handy and covers the expenses:

  • Hospitalisation: Covers emergency hospitalisation expenses if the student falls sick or gets injured while studying abroad. Medical treatment in a foreign country can be quite expensive, and student travel insurance helps students avoid these high costs.
  • Medical bills: Covers medical expenses for unforeseen medical emergencies. This includes doctor’s fees, hospitalisation, emergency medical evacuation, and other medical-related costs.
  • Loss of luggage: Covers expenses for any loss of luggage while travelling. This includes costs related to replacing essential items like clothes, gadgets, and other valuables lost or stolen during the journey.
  • Travel delays: Covers expenses related to travel delays due to bad weather, strikes, technical problems, or other unforeseen circumstances. This includes accommodation, meals, and transportation expenses in case of long delays.
  • Personal liability: Covers expenses related to legal issues, bodily injury or property damage caused by the insured student. This includes compensation for any damage caused to third-party property or individuals and any legal expenses incurred.
  • Study interruption: Covers expenses related to the loss of study time due to any interruption of studies, such as medical or family emergencies. This includes tuition fees, accommodation expenses, and other expenses related to resuming studies.
  • Sponsor protection: Covers expenses related to the balance course fee in case of the sponsor's death. This includes tuition fees and other costs required to complete the course.
  • Passport loss: Covers expenses related to the loss of a passport, including expenses for obtaining a new passport, visa processing, and other related expenses.

With student travel insurance, students can have peace of mind knowing they are financially protected against unforeseen circumstances while studying abroad.

How does Student Travel Insurance Benefit an Indian Student?

Peace of mind: With student travel insurance, you can have peace of mind and fully enjoy your study abroad experience without any unnecessary worries.

Customised coverage: Student travel insurance plans are  fit to  student education’s needs, such as country, state and other requirements. You can choose from various coverage options to fit your specific needs and budget.

Affordable: Student travel insurance plans are typically affordable and can provide great value for money. You can get coverage for a reasonable price, saving you a lot of money in case of emergencies.

Flexible: Student travel insurance plans are also flexible, meaning that you can choose the coverage you need and adjust it as needed. You can also choose the duration of the coverage, depending on the length of your  study abroad program.

Emergency Assistance: In case of any emergency, student travel insurance assists in arranging for medical evacuation, repatriation of remains, legal assistance, etc.

Personalised Student Travel Insurance Plans from Shift Risk 

At Shift Risk, we offer student travel insurance plans that are customised, affordable, and flexible. Our plans provide comprehensive coverage to ensure that you are protected in case of any unforeseen events. Furthermore, some countries require students to have valid health insurance before entering and studying. Studying abroad can be an exciting but stressful experience, and having insurance coverage can help you  alleviate some of the stress and anxiety that can arise when students are far from home. Student travel insurance is crucial for Indian students studying abroad to ensure that they are protected financially and medically in case of any unforeseen events, giving you  the freedom to enjoy their study abroad experience with peace of mind.

In conclusion, student travel insurance is a must-have for students planning to study abroad. It provides peace of mind,  coverage, affordability, and flexibility. At Shift Risk, we are committed to providing the best possible coverage for your  study abroad experience. 

Contact us today to learn more about our student travel insurance plans.

Book your appointment with us now!
Written By:
ShiftRisk Team