Excited about sending your child abroad for pursuing higher education? Congratulations on achieving a long-cherished dream. Before you heave a sigh of relief, you may want to buy student travel insurance for your child. It is a mandatory requirement in the US and Schengen countries.

Besides, while you may be concerned about your child’s safety, why not take concrete steps to ensure that your child is protected in the event of an emergency. The cost of student travel insurance surely outweighs its benefits. Here are some reasons why your child deserves the protection of a student travel insurance plan.

Loss of baggage

For students travelling abroad for the first time, loss of baggage can be distressing, particularly if it contained their academic material or work permit. While their college is likely to extend assistance in terms of making alternative arrangements, student travel insurance can make up for their financial losses.

However, note that most policies may not compensate for partial damage. Compensation is provided only in case of complete loss or damage.

Coverage for delayed baggage and missed flights

Due to mishandling on the airline’s part, if the checked-in baggage is delayed, the student travel insurance policy covers the cost of toiletries and change of clothes.

Also, if your child happens to miss an originating or connecting flight from one destination to another, student travel insurance covers its cost. Additionally, if the trip of the insured is delayed for more than a stipulated number of hours, student travel insurance can reimburse the incurred expenses.

Coverage for loss of passport

If your child happens to lose his/her passport, then the policy will cover the cost of reissuing a duplicate or new one.

However, theft, damage or loss of passport due to the negligence or failure to report it to the police is not covered.

Emergency medical charges and sponsor protection

Student travel insurance reimburses medical expenses in the event of hospitalization or other medical expenses. Daily cash allowance is provided by many policies in case of hospitalization. It covers related expenses for a certain number of days. However, pre-existing illnesses are generally not covered.

Also, many policies offer reimbursement for dental treatment, in case of acute pain or injury. In case of untimely death of the sponsor, the tuition fees can be paid.

Living in a foreign land can be tough for your child, especially if he or she is travelling for the first time. Student Travel Insurance gives you peace of mind knowing that in an emergency, your child’s needs will be taken care of.

Click here to know more about travel insurance.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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