In order to get the best travel insurance for students, it is useful to compare student’s travel insurance plans online, which will help you identify the best one. Above table will help you in this regard.
How to Buy the Best Travel Insurance for Students: Things to Consider
Many of us fall into the trap of considering travel insurance as just another formality before travelling, or for that matter when going abroad for studies. However, it is unwise to do or think so. This might cause you to land in a situation wherein your student travel insurance cover falls short leading to distress, both financially and mentally. This can have an adverse effect on your academics in turn to a great extent. Thus, make sure you consider a number of factors while comparing student travel insurance plans before signing on the dotted line.
The risks you are exposed to vary, depending on the country/area you will be going to for studies. Thus, it is important to choose the right amount/type of coverage accordingly. For instance, a trip to Japan, which is prone to earthquakes, is going to cost you more as compared to say, Singapore.
As a general rule of the thumb, medical coverage is the most integral aspect of any travel insurance policy. This holds true, especially for students since the cost of medical expenses can rise significantly when you are abroad. Getting medical treatment in countries such as US and Canada can prove to be a very costly affair. Hence, it is recommended that you choose an appropriate sum insured amount considering your study destination.
- Baggage and personal items cover
Typically, a travel insurance policy covers loss of checked-in baggage at the airport. Make sure you check the policy wordings for the details as well as the exclusions. It also covers personal items up to pre-defined limits depending on the travel insurance company and the selected plan. Additionally, passport loss is covered too. If you lose your passport, the insurance company will bear the cost of issuing a new/duplicate passport.
- Sports and Adventure activities
Due to high-risk perception, adventure sports and related activities are not generally covered in a travel policy due to the high-risk perception associated with such activities. That said if you plan to indulge in adventurous sports, you can avail such coverage with an add-on request, which would entail a rise in premium.
- Flight cancellation cover
With this cover, you will get the cost of flight tickets refunded upon flight cancellation due to reasons such as bad weather. For a better understanding of the inclusions and exclusions, go through your
student travel insurance policy thoroughly.
The number and the degree of benefits offered by a student’s travel policy vary across companies. Thus make sure to compare student travel insurance policies for students online to avail the best travel insurance plan for students that meet all your requirements. The key benefits to look out for are study interruption, sponsor protection, and bail bond coverage. These benefits cover:
1. Reimbursement of current (paid) semester fee, if your education is interrupted due to a medical condition.
2. Reimbursement of tuition fees, in case the sponsor paying your fee passes away due to an injury.
3. Payment of bail amount to the appropriate authority, if you’re arrested or detained by any judicial authorities for a bailable offence, while abroad.
If you are having a pre-existing medical condition such as diabetes or asthma, it is crucial to make sure you are covered against them. This will secure you from the financial implications if your condition aggravates during your course duration and are admitted to a hospital. However, make sure to check the policy wording for exclusions to pre-existing diseases to avoid unpleasant surprises.
With the above pointers in place, you will be in better position to choose the best
travel insurance for students. The basic idea is to ensure that you compare the student travel insurance plans and policies prudently, taking your academic and personal needs as well as priorities into consideration.
