In most countries, it is mandatory for every international student to have valid travel insurance throughout their course duration. In most cases, such insurance products cover health as well as the trip for the entire course duration. It is crucial to go with a policy that is not just competitively priced but also offers the best benefits.

Here are a few things you should check before purchasing travel insurance for students-

1. Inclusions and Exclusions

Start by filtering your choices based on what is included and not included in the policies. The travel insurance products from every insurer are different. By comparing the top options, it’d be easier for you to select one that best suits your requirements.

Most travel insurances for students cover medical expenses, loss of passport, baggage loss/delay, and personal accident. Exclusions generally include claims arising from non-declared and non-disclosed medical conditions, mental disorders, and alcohol or drug abuse.

2. The Reputation of the Insurer

A lot of students generally end up purchasing the cheapest possible travel insurance they come across. But this is never recommended as most cheap policies do not offer adequate coverage and have several hidden exclusions.

So, it is always better to go with an insurer that has an excellent market reputation. Having adequate protection will make it easier for you to focus on your studies and live a comfortable life.

3. Policy Premium

Based on the points above, you can filter out a few popular policies. To make the final decision, you can now compare the policy premiums so that you purchase a quality student travel insurance that is budget-friendly too.

Why Should You Consider Purchasing a Good Student Travel Insurance?

To start with, travel insurance for students is a must in most countries. In most cases, the student will not be given a visa unless he/she does not have valid travel insurance. Apart from this, moving abroad and spending a considerable duration, there always involves unforeseen risks.

It is with the help of a good travel insurance that a student can rest assured that the financial implications of most such risks would be taken care of by the insurer. This helps in creating a stress-free environment for the student so that he/she could entirely focus on their studies and get closer to their dreams.

If you are a student or a parent whose child is planning to move abroad for higher studies, remember the points discussed in this post to ensure that you select an insurance policy that is not just budget-friendly but also offers a host of features and benefits.

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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