Overseas Student Travel Insurance

Student Insurance India

Indian Insurance companies offer wide range of overseas student travel insurance plans for Indian students studying in USA, UK, Australia, Germany, France, Canada… They offer comprehensive coverage for medical expenses, emergency medical evacuation, personal liability, bail bond, compassionate visit of a family member. Students travel insurance comparison and purchase of student medical insurance can be completed online. You can view frequently asked questions here. Feel free to contact our customer support for clarifications and specific details.
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Indian student medical insurance policies for overseas college education – An overview

Indian students registered in foreign universities should buy the student travel medical insurance commonly known as student health insurance while studying in a foreign university. Student health insurance is mandatory in most international universities, however even if it is not mandatory, student health insurance is very strongly recommended while studying abroad given the high costs of healthcare overseas.

Many universities have their own student health insurance plans that is offered along with other education expenses. However the cost of these university plans are very high when compared to the Indian student insurance plans which are priced in Indian rupees. Some international universities do accept Indian student health insurance plans. The usual procedure is that the student is given "insurance wavier form" which the student is required to have completed by the Indian insurance provider. He/She should then submit the completed wavier form to the university. Once the student submits the wavier form, the university will verify this with their requirements and approve the Indian student health insurance as an alternative to the university plan. In case the university rejects the wavier form for non-fulfillment of eligible criteria, then the student can cancel his / her insurance purchased from the Indian insurance provider by providing the university rejection letter and he / she will get the pro-rata (refund for unused policy period) refund.

If the student is unsure whether the university will accept the Indian insurance plans, he/she can buy the student travel medical insurance for a short duration say just for one month and after getting approval from the university for using the Indian student plan, extend the policy for the duration of his/her education in the college.

The eligibility requirements to satisfy wavier from the university insurance varies from one university to another. There are a few common policy benefits like policy maximum for medical expenses, medical evacuation, medical repatriation, deductible, cover for pre-existing diseases, doctor visits …. Some of other benefits might be cover for maternity, alcohol and drug abuse, HIV, mental and nervous disorder coverage, emergency dental pain, cover for sports. Indian student health insurance plans are designed to cover the above listed coverage benefits.

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Advantages of Indian student insurance plans when compared to international student options.

The biggest advantage of an Indian student medical insurance plan is that it is significantly cheaper than most international university student insurance plans. For example, US university plans cost close to USD $2000 for annual coverage, while the Indian student plans range from USD $ 300 to USD $500. Indian student medical insurance while covering healthcare also benefits like study interruption, sponsor protection, bail bond, compassionate visit, baggage loss, baggage delay, loss of passport etc which will not be available in typical international university plans. Students do have the option of buying these plans as an additional plan along with the university insurance.
Duration of Indian student insurance plans
Indian students can buy the Indian insurance student health insurance either for 1 month, 1 year or 2 year as per his / her requirements. There are few companies which offer insurance for 2 years at one stretch while other companies allow for one year and successfully renew the policy for next year.

Indian student health insurance destination options
The following are the main destinations considered in Indian student insurance plans. The price of the insurance plan varies based on the destination.
Student traveling to USA & Canada:

Student traveling to USA or Canada has to the buy the worldwide coverage policy. He / she can buy the policy as per his requirements.
Student traveling outside USA & Canada:

Student traveling to outside USA and Canada should buy the worldwide excluding USA & Canada policy. Students going for UK, Australia, Singapore and Schengen countries for studies buy this plan.
Student traveling to Asian countries:

Very few Indian insurance providers offer student health insurance plans for Asian countries. They are usually cheaper than the other two above plans. Students traveling to Asian countries for studies can buy these plan. It is advisable that the student get in touch with the insurance advisor before buying this plan as some countries like Japan are not covered under the Asian insurance plans.
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