Insurance companies offer special travel insurance plans for students going to study abroad. These plans provide cover for education-related financial contingencies, medical contingencies as well as loss of personal possessions.

Education-Related Financial Contingencies

Medical Contingencies

Loss of Personal Possession

Education-related financial contingencies

Study interruption: Tuition fees paid in advance for a semester is reimbursed by the insurance company if the student's education is interrupted because of a medical condition. Or on compassionate reasons on the family front, such as the death of a close relative

Sponsor protection: If the student's sponsor, i.e. the person paying for her/his studies, is permanently disabled or passes away in an accident, the insurance company remunerates the student's remaining school fees, subject to a maximum limit.

Bail bond: If the student is arrested or detained by the local authorities, the insurance company posts bail for any bailable offense, subject to a limit.

Medical Contingencies

Medical expenses: If the student falls sick or has a sports injury/accident, the insurance company reimburses costs for outpatient and inpatient treatment, medical aid, therapies, and diagnostic tests, including medically necessary and prescribed emergency evacuation.

Medical evacuation: In a medical emergency where the student is prevented from being treated for the illness abroad, the policy covers the travel costs to bring back the student to a hospital in his/her native place.

Maternity benefits: A few companies provide for medical expenses related to pregnancy, termination of pregnancy, subject to a maximum amount. This cover is subject to a waiting period of 10 months from the starting date of policy.

Mental and nervous disorders: Medical expenses related to treatment for mental and nervous disorders, including alcoholism and drug dependency are covered by a few companies, subject to maximum limit.

Childcare benefits: If the student's child is above 90 days of age, and is hospitalized for more than two days for any ailment, the policy pays a daily hospital cash benefit, subject to a maximum limit.

Dental treatment: The student is covered for acute anesthetic treatment of natural teeth.

Cancer screening and mammography: A few insurance companies reimburse expenses related to cancer screening and mammography examination on recommendation from a physician, subject to maximum limit.

Repatriation of remains: If the student passes away, the insurer covers the cost of transporting the mortal remains back home or the costs towards burial abroad.

Compassionate visit: If the student remains hospitalized for more than seven consecutive days, the insurance company provides to reimburse the return fare for one family member to visit him/her abroad; or for the student to return to India, which includes accommodation for the family member.

Personal accident: The insurance company pays compensation if the student is permanently disabled or loses his/her life abroad in an accident.

Loss of Personal Possession

Checked-in baggage loss: If the student's checked-in baggage is lost in custody of the carrier, the policy reimburses the total loss of checked-in baggage, excluding jewelry, cash etc.

Loss of passport: If the student loses his/her passport abroad, the insurance company reimburses him/her for necessary expenses incurred to obtain a duplicate passport.

Personal liability: While abroad, if the student were to involuntarily cause death, injury, or damage to health or property, the insurance company offers cover for any liability/damages paid to a third party.

See also:

Medical coverage for students traveling abroad

What is travel insurance?

Travel insurance groupings

Different overseas travel insurance covers

Do I need overseas travel insurance?

Can travel insurance be extended while traveling abroad?

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