Students travelling to a new place, especially abroad, have a lot many challenges to face inherently. Right from adjusting themselves to a new culture to adapting a fresh curricular pattern and managing the emergency and regular financial needs, there is a lot on the plate for a student studying abroad. While some of these aspects need to be handled only by the student, the need to meet emergency financial occurrences can be met with the help of a student travel insurance in place.

What is a Student Travel Insurance Policy?

A student travel insurance  a type of travel cover customised to suit the financial coverage needs of candidates typically studying abroad. The policy is designed to provide financial protection especially for risks arising out of various unpredictable as well as unfortunate incidents a student may encounter in a new place. The policy coverage benefits are typically tailored around the specific needs a student may have like circumstances of losing essential documents, falling short of cash, and having to cut short the course due to an emergency, among other aspects.

What is the Need for a Student Travel Insurance Plan?

Aspects that make a student travel insurance policy essential for a student studying abroad include the following -

1. Meeting emergency medical expenses: Falling sick in a new place can have severe financial implications, which can be difficult to bear for a student in a foreign land. A travel insurance policy for students in place can help pay the high medical costs easily through a simple claim procedure.
2. Indemnification in the case of personal accidents: In case the student studying abroad ends up sustaining injury leading to disability, or even in cases of unfortunate death due to accident, a student travel cover in place indemnifies the loved ones for such losses.
3. Compensation for interruption of course: There may arise scenarios where the prolonged illness of the student can lead them to leave the course midway even when their semester fees are paid. This can amount to high financial losses, which can be easily covered for with a student travel insurance policy in place.
4. Coverage for compassionate visits from family: Some best travel insurance plans for students also cover the expenses incurred on compassionate family visits when the student falls sick for an extended duration.
5. Coverage for personal liability created: You can also find a student travel cover that not only covers personal losses but also provides for any thrid party liabilities arising overseas where the covered student is involved.
6. Additional assistance: With the best student travel cover, the student can also expect to receive additional assistance in various scenarios like help with finding the right hospital to visit for treatment after an accident or illness, steps undertaken in case of document loss, and such.
7. Other travel covers: Other generic coverage are also a part of these policies, like baggage loss or delay, cancellation of flight, cases of repatriation, flight delay or cancellation, card frauds, and many more.

Now that you know the importance of a student travel insurance plan for children studying abroad, you can proceed to find a policy that best suits the requirements. These travel insurance policies are available with various insurance providers and can come with varying coverage benefits. Hence, it becomes crucial to compare the policies based on their benefits to find the best coverage for a student.