Student travel insurance is the friend you must have when you are abroad. It assists you in the event of health risks or accidents. It covers you in case you lose a sponsor. If you get sick, lose your documentations or even if someone uses your stolen credit card; in another country, it can be disastrous. Apart from all the expenses, the disturbance alone can wreak havoc on your studies.
This is where a student travel insurance can be the biggest help you can expect. It will take care of all the expenses and related problems so you can focus on your studies. The premium for a student travel insurance policy depends on various factors like: age, health, distance travelled, and duration of travel. Here is how it secures you:
- Stress-free medical treatment and care:
The reimbursement limits for accident and sickness medical expenses tend to vary. Such plans have limits like $50,000, $100,000, $250,000, or $500,000. The actual amount depends on the type of plan you choose. How much you receive will also depend on your situation and need. It also covers you for cancer screening and mammography while you are overseas.
- Sponsor protection:
If the policyholder’s sponsor dies or becomes permanently disabled, the insurer reimburses the tuition fee for the remaining period of the education up to the maximum stated in policy schedule.
- Compassionate visit:
If you are in hospital for more than a week, then your insurer can arrange for a family member to visit you. The insurance will cover the costs of the round trip.
- Accident coverage:
In the event of an accident, your insurer will take care of your expenses. It will also provide medical assistance. It would even compensate you for physiotherapy costs, if needed. What if you need further medical treatment after returning to your home country? The insurance will continue to cover your costs. There is coverage for emergency medical evacuation too
- Pre-existing conditions:
Your travel plan covers medical expenses due to a pre-existing condition. But this applies only in case of a life-threatening, unforeseen emergency. Here, you would get reimbursement for any measures undertaken to relieve acute pain.
- Common travel inconveniences:
Loss of passport, baggage loss or delay, and even flight delay can be a huge setback. This is especially true when travelling abroad. But your travel plan will compensate you for these expenses. It will even cover any costs incurred to obtain a new passport. You would receive a reasonable amount in case of a missed flight.
- Coverage for death and dismemberment:
You would get coverage for death and dismemberment due to an accident. Any loss arising due to the accident within 365 days will also be compensated.