Bajaj Allianz Student Elite Insurance Plan

Bajaj Allianz medical insurance for students studying abroad come in 3 variants namely Companion, Elite and Prime. The plans vary with the benefits and coverage. Below are the some of the key features which the policies provide.

• After deductible, cashless hospitalization for more than 24 hrs. stay in the hospital in overseas.
• After deductible, outpatient medical expenses are on reimbursement basis.
• Most of the policies cover for emergency medical evacuation and repatriation benefits.
• Custom made plans to suit the overseas university requirements.
• Health insurance cover in foreign countries ranging from $50,000 to $10,00,000 US dollars
• Pay the premium in Indian rupees and get health coverage in US dollars.
• Cancellation of the policy in case of rejection by the university.
• Covers for compassionate visit, study interruption and sponsor protection.
• Covers for mental and nervous disorders, bail bond and more.

Bajaj Allianz has many customized plans to cover students going abroad for studies. Some of the key benefits of student health insurance are as below. This benefits will vary depending on the plan chosen.

• Accident & Sickness Medical Expenses: The insurance company will indemnify the policy holder for the eligible medical and related expenses due to illness / injury outside India as per the policy terms and conditions. The expenses covered would include physician services, hospital and medical services and local emergency medical transportation.
• Medical Evacuation: Medical Evacuation to a hospital in the Republic Of India required as a result of Accidental Bodily Injury and/or Sickness and/or Disease occurring or having first manifested itself during an Insured Journey. The Medical Evacuation will have to be pre-approved by the Insurance Company / Claims Administrator of the Insurance Company.
• Repatriation of Remains: In case of death of the policy holder due to a covered reason, the cost of repatriating the policy holder's body back to India or to the nearest burial ground where the insured has died is paid by the insurance company. These claim should be pre-approved by the Insurance Company / Claims Administrator of the Insurance Company.
• Personal Accident: The insurance company pays the agreed amount as per the terms and conditions of the policy for policy holders death and / or permanent total disablement
• Baggage Loss: The insurance company will pay the policy holder as per the policy schedule for complete and permanent loss or destruction of the policy holder checked baggage.
• Bail bond: The company would pay the amount as mentioned in the policy schedule towards the bail amount for release of the policy holder in case of false arrest or wrongful detention in overseas.
• Study Interruption: In the event if the policy holder is unable to continue the school semester due to policy holder's health or death / serious injury requiring hospitalization of either of the parents of the policy holder during the policy period, the insurance company shall reimburse the tuition fee paid in advance for the current semester as per the policy schedule.
• Sponsor Protection: In the event of the sponsor named in the schedule meets with an accident during the policy period, which results in his death or permanent total disability during the policy period, the insurance company shall reimburse the remaining school fee as per the policy schedule.
• Family Visit: In the event if the policy holder is hospitalized as a result of an accidental injury or sickness covered under the policy and the attending physician recommends an immediate family member. The insurance company will reimburse the actual cost of economy class transportation by the most direct route via a common carrier subject to maximum as per the schedule. These claim should be approved by the claims administrator of the Insurance Company.

Yes most of the foreign universities accept the Bajaj Allianz student health insurance.

Students who are wishing to study in the US universities can apply for F1 visa. As you are going for studies, first thing you need to check with the college you are getting admission is the health insurance requirements. If your college has any health insurance requirement, then you can look for matching Indian insurance policy and get a waiver or if there is no insurance requirement from the university, then you can buy any of the Bajaj Allianz medical insurance for students studying abroad.

If you are going on a student visa and registered in an overseas university, then you can buy the Bajaj Allianz student plan for yourself and for your spouse as s/he you can buy a regular travel medical insurance for 6 months and later on renew for another 6 more months with good health and no claim declaration.

Bajaj Allianz Student Travel Elite insurance is much cheaper when compared to the university international student health insurance in overseas. The cost is almost 1/3rd of the overseas university policies. You can pay in rupees and get coverage in dollars. The university student policies mostly provide coverage only for medical expenses while Bajaj Allianz student health insurance provides coverage both medical and non-medical expenses. Compare student insurance for study abroad and buy best insurance policy for students. Download Bajaj Allianz Student Elite travel insurance brochure for more details.

You can cancel the Bajaj Allianz student travel insurance provided you have to provide the proof of rejection letter from the university.