The decision to study abroad is a significant milestone for Indian students, marking the beginning of an exciting and challenging journey. While navigating the complexities of higher education in a foreign country can be daunting, one crucial aspect often overlooked by prospective international students is the importance of adequate travel insurance.
Understanding the Limitations of University-Mandated Insurance
Many universities require students to purchase global insurance as part of their admission process. However, this type of insurance typically has several limitations. Firstly, it usually covers only medical emergencies and does not provide comprehensive coverage for the entire stay abroad, including baggage loss, fraudulent charges, and other benefits.
The Risks Associated with Limited Coverage
Indian students traveling to foreign countries often find themselves in precarious situations due to unforeseen circumstances such as natural disasters, accidents, or even personal losses. In these scenarios, having adequate insurance coverage can be a lifesaver. University-mandated insurance falls short in providing the necessary protection against these risks.
The Benefits of Indian Student Travel Insurance
Indian student travel insurance plans offer a wide range of benefits that far surpass those offered by university-mandated global insurance. These include medical emergencies, baggage loss, study interruption, and personal accident cover, among others. Moreover, these policies are typically more affordable than their university-mandated counterparts, with some options available at up to 15 times lower premiums.
Key Features of Indian Student Travel Insurance
Indian student travel insurance plans often include features such as coverage for pre-existing diseases and high-risk activities, which are commonly excluded by university-mandated policies. This comprehensive coverage ensures that students have financial protection against a wide range of unforeseen circumstances.
A Comparison of Indian Student Travel Insurance with University-Mandated Insurance
In terms of premiums, Indian insurance plans are significantly more affordable than their university-mandated counterparts. According to industry experts, university insurances can be up to 15 times more costly than Indian plans. This disparity highlights the need for prospective international students to carefully evaluate their options and choose a plan that provides adequate coverage at an affordable price.
Consumer Forum Orders Insurer to Pay Rs 1 Lakh COVID-19 Hospitalisation Claim
A recent ruling by the District Consumer Disputes Redressal Forum in Noida has directed an insurance company to pay Rs one lakh towards a hospital bill that was initially denied. This decision underscores the importance of contesting unfair claim rejections through legal remedies and seeking adequate coverage through Indian student travel insurance plans.
Conclusion and Key Takeaways
In conclusion, Indian student travel insurance is an essential aspect of studying abroad that should not be overlooked by prospective international students. While university-mandated insurance may seem like a convenient option, it often falls short in providing comprehensive coverage against unforeseen circumstances. By choosing Indian student travel insurance plans, students can ensure they have the necessary financial protection to navigate the challenges of higher education in a foreign country.
Source: Outlook Money
