Best International Student Travel Insurance Plans in India

A travel plan would be incomplete without adding that extra bit of security required to safeguard yourself from unexpected financial needs arising out of an emergency. In a post-Covid world, an international student travel insurance plan is no longer considered as an additional expense but a necessity.

Travelling is fun. However, there can be some situations that can dampen your holiday spirit. Imagine falling sick and needing medical attention. Everyone knows that medical costs in another country could hit the roof. While you may have planned for certain contingencies, medical emergency costs can occur at any given time.

One thing that can always help you at times like these is the international student travel medical insurance policy. The best travel insurance policy safeguards you from financial losses and unforeseen problems that you may encounter during a trip.

Best Travel Insurance Plans for Students in 2023:

Here are some of the best travel insurance plans for students in 2023:

• Bajaj Allianz Student Travel Insurance: Bajaj Allianz provides student travel insurance for persons between 16 and 35 years with maximum cover of three years.
• Bharti AXA Smart Traveller Student: Bharti AXA’s Smart Traveller student policy caters for individuals between the ages of 16 to 40 which can last for duration of 30 days to 2 years.
• Chola Student Travel Protection Plan: The Chola Student Travel Protection Plan caters for persons aged between 17 to 35 years and lasts for one year.
• Future Student Suraksha: Future student suraksha insurance is offered to persons between the ages of eighteen and thirty-five who intend to travel for up to 60 days and two years respectively.
• Oriental Overseas Mediclaim - Employment and Study: Oriental Overseas Mediclaim – Employment and Study insurance, which covers individuals at any age between 5 and 60 years, for periods of two months to twelve months.
• Reliance Student Travel Insurance Plan: Reliance Student Travel Insurance Plan covers persons between 16 and 35 for 2 years.

How to Choose the Best Travel Insurance Coverage?

An international student travel medical insurance coverage provides financial protection against unpredicted travel-related issues from the beginning of the trip until it has been completed. 

It's not a smart option to travel without insurance, especially if you are travelling far. Customised travel insurance is a better choice than paying more for unnecessary or duplicate coverage.

It is better to stay covered against lost baggage, cancelled flights, medical emergencies, personal liability coverage, and protection against trip cancellations. These are other popular forms of international student travel medical insurance coverage that you can include in your policy as well.

Selecting the right policy is one of the key factors. Here’s what you need to keep in mind when you take insurance:

• Compare before you buy: With many providers offering travel insurance online, getting the best rates is easy. You can compare the rates on the Internet and check for the protection offered by insurers before you sign up for a policy yourself. 

A comparative analysis of companies and their offerings such as online services, claims process, toll-free number, payment options, and network of hospitals. It is, therefore, a must before you travel to buy travel protection.

• More Coverage: Depending on which country you are travelling to, select your international student travel insurance policy, which covers the cost of healthcare treatment overseas, the risk of losing your passport, theft of valuables, etc.

You can buy travel insurance online that would safeguard you from losses against unexpected expenditures such as medical treatment, loss of baggage, loss of passport, flight interruptions or cancellations, etc., during your trip.

• Frequent Flyer’s Delight: For the regular, frequent fliers who need to travel overseas multiple times in a year, opting for a Multi-Trip Travel Insurance is a better bet. This is the best travel insurance for frequent flyers as it covers the expenses of multiple trips within the year and saves individuals from paying multiple insurance expenses.

It is also convenient, as you do not have to buy a fresh policy before every trip. Depending on the insurance provider, each category is further classified into Gold, Silver, Platinum, etc., based on the premium rates and coverage.

• Destination Insurance: Consider a few important factors before you select a travel insurance policy, like country, age, and activity at the destination. The country you are travelling to, the risk and cost factors associated with it, etc., will help you identify the plan that is best suited for you.

Travel insurance to Asian countries is less expensive than in European and American countries. The policy amount varies on factors like distance, risk factors, medical expenses of that country, and other parameters. You can check for international student travel insurance online that will cater to your travel needs.

• Activity Insurance: The insurance coverage depends on your activity at the destination. If you are visiting for entertainment activities like sightseeing or shopping, the best regular international travel insurance plan is sufficient.

However, suppose you are planning adventure activities, You will need to enhance your travel insurance coverage with an added cost since these are not included in the regular travel policy.

• Choose coverage in accordance with the planned activities: If you are planning to do horse riding, scuba diving, or rock climbing during your trip, the insurance policy would also need to offer extended coverage for such adventurous activities.

Some insurers may, however, refuse to cover for hazardous activities if they deem it too risky. While an individual going to study abroad would need student travel insurance plans, coverage for the laptop is essential for someone going on a business trip.

• For Everyone: Travel insurance in India is available for all age groups. Senior citizen plans include greater coverage for diseases and hospitalisation. Certain policies also safeguard your home back in India while you are travelling or offer assistance to your family at home, etc., at a higher premium. 

Reasons for Obtaining a Student Insurance Plan

An overseas student travel insurance plan ensures that you have a stress-free time while studying overseas. Here are some reasons for choosing this policy. Health insurance coverage is required in the majority of nations, including but not limited to New Zealand. 

Many universities issue a waiver on obtaining a domestic insurance policy if you have a comparable international student travel insurance policy. Insurance policies issued in India are significantly cheaper than policies issued overseas. 

They offer the same benefits such as sports injuries, Cancer Screening, Mental disorders, pregnancy-related expenses, dental, evacuation, repartition, and all other major medical expenses.

Is it beneficial to have insurance for your trips?

Yes, international student travel insurance can protect you when you’re stuck in a foreign place or land without having the hassle of paying expensive bills for delays or emergencies such as an accident or evacuation. Travelling without insurance cover may look easier, but it can prove to be irresponsible if a real challenge arises during your trip.

International student travel insurance safeguards your trip and provides coverage against financial losses that might occur due to any unforeseen circumstances. It covers expenses like COVID-19 hospitalisation, loss of luggage, flight cancellation, flight delay, and other journey-related risks so that you can enjoy your trip without any worry. 

Conclusion:

For the safety and well-being of students studying abroad, selecting the best international travel insurance for students in India for 2023 is essential. With so many alternatives available, it's critical to thoroughly weigh aspects like cost, coverage, and user ratings before choosing one.

It is also recommended to opt for student travel insurance plans that include additional benefits like baggage loss or trip cancellation coverage. Students should thoroughly understand the terms and conditions of their chosen plan and keep all necessary documents handy while travelling.

By doing so, they can have peace of mind, knowing they are protected against any unforeseen situations during their time abroad. With these top recommendations in mind, having international students travel insurance, they can confidently embark on their journey without worrying about unexpected expenses or risks.

FAQs

1. What are the best international student travel insurance plans in India for 2023? 

A: The best international student travel insurance plans in India for 2023 include options from companies such as HDFC ERGO, ICICI Lombard, Religare, and Tata AIG. These plans offer comprehensive coverage, including medical expenses, personal accidents, loss of passport, and more, to ensure students have a safe and worry-free study abroad experience.

2. What does international student travel insurance cover? 

A: International student travel insurance typically covers medical expenses, personal accidents, loss of passport, loss of checked-in baggage, study interruption, sponsor protection, and bail bond. Reading the policy carefully is recommended since the specific coverage may differ among insurance providers.

3. How can international students choose the best travel insurance policy?  

A: When selecting the best international student travel insurance plan, take into account a list of criteria, such as the country, length of stay, kind of coverage, policy limitations, exclusions, and premium cost. It will be a good way to look for possible discounts or other benefits. 

4. How much does international student travel insurance cost? 

A: The cost of international student travel insurance varies depending on the country of destination, duration of stay, student's age, and kind of coverage desired. The average cost change based on the health coverage, from INR 5,000 to INR 50,000 or more. 

5. Can I purchase international student travel insurance online? 

A: Yes, most insurance providers offer the option to purchase international student travel insurance online. This is a convenient option as you can compare different plans, get quotes, and buy the policy from the comfort of your home.

6. Which documentation is needed in order to get travel insurance for overseas students? 

A: A copy of your passport, visa, the admittance letter from the foreign university, and any other documentation desired by the insurance company are essential when you desire an international student travel insurance. Before procuring the insurance, it is essential to validate the criteria with the provider, as they may differ among insurance providers.