Important Information about Study Abroad Insurance That Every Student Must Know

Beside all types of planning and arrangements while deciding to study abroad, travel insurance plan is very important for the study going to study abroad, but unfortunately many students don’t bother about it.  Study abroad insurance is very important if you are going for a longer period of time. Study abroad insurance is of some types i.e.

·         Monthly student health

·         Student travel health insurance

·         Emergency medical expense and evacuation insurance

·         Trip cancellation insurance

·         Travel assistance insurance

·         Academic program insurance

1 Monthly Student Health Insurance

It covers hospitalization expense, maternity, medicine, doctor fees, mental health, etc.

2 Student Travel Health Insurance

It offers more travel related benefits to the students. The students are not bound to pay on a monthly basis. Mental health, maternity etc are not included in this insurance plan. The students can purchase any plan as it ranges from some days up to a year. Hospitalization, doctor fees, medicine expense etc. are included in it. It also includes compensation for lost luggage, traveling disturbances etc.

3 Emergency Medical Expense And Evacuation Insurance

It covers emergency care evacuations to medical centers with extra care.  

4 Trip Cancellation Insurance

It covers traveling and program expenses on cancellation or delay of trips.

5 Travel Assistance Insurance

 It offers economic and logistical assistance in emergency and non-emergency situations faced abroad.   

6 Academic program/ tuition   insurance

 It covers the tuition cost during any emergency situation that forced you to withdraw your studies.

There are many companies that provide study abroad insurance. You can check the plans of different companies and select the one is the most suitable to you.

Study Abroad Insurance Tips

As there are many companies offering many study abroad insurance plans, you must consider the following tips while choosing any plan.

1 - The insurance carriers are rated by the best, standard or poor. It depends on a country what it requires about the plan and its rate. Therefore it is necessary to check the level of your study abroad destination requires.

2 - It is very important to read the exclusions and check them thoroughly. Some exclusions are stricter than other, therefore it is wise to check what is included and what is not included in the plan before you choose any plan for yourself.

3 - There are some network plans which mean the network of doctors and hospitals etc.  You have to check whether the plan participates in the network or not.

4- Check whether your plan provides you 24 hours assistance or not. Some plans offer assistance of 24 hours and some do not. Mostly the standard plans offer assistance of 24 hours, but it is necessary to ensure whether it will be accessible at the destination you are present it.

5 – You have to understand how long it will take to process the claim. It is better if the claim is processed within 2 weeks and not suitable if it takes more time. Therefore all the students must know how the company pays the claim before finalizing any plan.