Student Travel Insurance

Student travel insurance is an insurance plan that protects students pursuing education abroad from financial uncertainties and emergencies. This coverage spans medical expenses, travel disruptions, and loss of essential documents, ensuring students remain focused on academics without financial stress.

Bajaj General Insurance Limited offers comprehensive and affordable student travel insurance plans that prioritise student well-being and affordability. By opting for these plans, students can confidently manage risks while enjoying an international study experience.

Stepping out into the world as a student is an incredible milestone, but it also means stepping away from your usual safety nets. Whether you’re heading off for a semester abroad, an internship, or a well-deserved gap year, student travel insurance isn't just another boring admin task.

Here is why it is essential for your journey:

1. Medical Emergencies are Pricey: Your home health insurance often doesn't follow you across borders. If you get sick or have an accident, hospital bills in foreign countries can reach tens of thousands of dollars. Insurance ensures you get the care you need without a lifetime of debt.

2. Study-Specific Protection: Unlike standard holiday insurance, student-specific plans often cover ‘Tuition Fee Protection.’ If a family emergency or serious illness forces you to cut your semester short, you can recoup those non-refundable course fees.

3. Protection for Your Tech: Let’s face it, your life is on your laptop and phone. If your gear is stolen from a library or damaged while travelling, student insurance helps you replace those expensive tools quickly so you don’t fall behind in your studies.

4. It’s Often a Legal Requirement: In many parts of the world, having insurance isn't optional. For example, Schengen countries (Europe), the USA, and Australia often require proof of specific health or travel insurance before they will even issue your student visa. Without it, your study plans could be stalled at the border.

5. Travel Chaos Happens: Flights get cancelled, and luggage goes missing. Insurance provides you with a safety cushion to pay for emergency accommodation or essential items while you wait for things to get sorted.

6. Personal Liability: If you accidentally cause damage to a dorm room or get into a mishap where someone else is injured, you could be held legally responsible. Personal liability coverage handles the legal fees and compensation costs.

Let’s understand how buying a student travel insurance policy comes in aid with an example:

Rahul is an exchange student who is studying at MIT in the United States of America (USA). He purchased a $100,000 student travel plan to ensure that any unexpected mishaps during the journey and stay don't disrupt his studies.

Now, he contracted a viral infection which required immediate hospitalisation. However, medical bills in the USA are exorbitant. But Rahul doesn’t have to worry.

He informs his insurance company of the situation. The insurance company will contact the hospital (if within their network) and settle the bills directly. If it is not within their network, then they will reimburse Rahul.

Moreover, with the compassionate visit clause, his mother or father can visit him while he is in the hospital. So, not only are his medical bills covered, but student travel insurance also takes care of parent visits.

What are the Most Common Student Travel Destinations?

Now that we know how student travel insurance works in real life, let’s look at the most common destinations Indian students fly to for higher education.

United States of America

The USA remains the number 1 destination for higher studies for Indian students. The country has numerous universities with extensive research opportunities, career prospects and academic excellence. Popular university choices are Yale, MIT, Harvard, Stanford and Caltech.

United Kingdom

Coming in at number 2, the UK is a vibrant place to earn your degree. The country offers a shorter study period, which makes it convenient for students. For example, their course duration for a Master’s is 1 year, compared to the 2 years in India. Plus, studying grants post-study work visas as well.

Germany

According to OECD, migration rates of Indian students dropped in the Big 4 countries. In this context, Germany is a growing destination for earning a degree. The country has a free education policy in public universities. Plus, over 2,000 programs are available in English in STEM, business and IT. Popular universities include the Technical University of Munich and the Universität Heidelberg. 

Ireland

Irish universities are among the most globally recognised. Their welcoming nature and post-study career prospects make them a desirable hub for Indian students. Although costs can vary, it is considered one of the most affordable education hubs. Plus, their education system is closely related to industries, which makes it easier to find jobs after studying.

France

Studying in France provides many benefits to Indian students. A degree from a French university provides first-hand preference in 570 French companies in India. Plus, over 1,700 courses are available in English, making it easy to understand. Lastly, over 500 French scholarships are available for Indian students, so their course fees will be sponsored. 

Our Policies Offer Coverage for:

1. Medical expenses due to hospitalisation

2. Loss of checked baggage

3. Bail bonds and tuition fees (Offered with Student Elite and Student Prime plans)

4. Loss of passport (Offered with Brilliant Minds and Student Prime plans)

5. Family visit

6. Accident to sponsor and other incidental expenses

7. Emergency dental pain relief (Offered with Study Companion, Student Elite and Student Prime plans)

8. Instant On-call Support Anywhere in the World

Just like your loved ones at home, we are your best companions abroad. For any query or support, just give us a missed call on our toll-free number +91-124-6174720, and we will connect with you on priority. Quick, fast, and hassle-free, we are by your side whenever you need us.

Student Travel Insurance vs Normal Travel Insurance: What’s the Difference?

You may think that a normal travel insurance will work for students as well. What’s the need for a specialised student travel insurance? Let’s answer this question with a distinction between travel insurance and student travel insurance:

As you can see, a normal travel insurance will not cover many necessities of students. Therefore, for safe travels and prompt medical and academic aid, buying student travel insurance is a must.

Bajaj General Insurance provides India’s top international student travel insurance. Generate a quote today!

What are the Different Plans Under Our Student Travel Insurance Policy?

We offer many different variations to our Student Prime Insurance Policy, so that you can choose and customize a plan according to your needs. It includes:

Travel Prime Student Standard

Our standard plan offers a sum insured amount of $50,000. It provides many benefits such as medical expenses, evacuation, and others. The premium for this plan starts from ₹562.

Travel Prime Student Silver

Our silver plan offers a greater sum insured amount. It covers expenses of up to $100,000 and provides similar coverage to our Standard plan. The premium amount starts from ₹704.

Travel Prime Student Gold

The Gold plan has a sum insured limit of up to $200,000. It provides coverage of $25,000 for personal accident and $7,500 for family visits. The premium rate starts from ₹886.

Travel Prime Student Platinum

Increasing the sum insured limit from the Gold plan, our Platinum student travel insurance policy has a sum insured limit of $300,000. In this plan, you get $250 for loss of a passport, among many other benefits.

Travel Prime Student Super Gold

This plan covers up to a $500,000 limit and covers personal liability of up to $150,000. Along with this, you get bail bond, repatriation and other benefits. Premium rates start from ₹1,314.

Travel Prime Student Super Platinum

Bajaj General Insurance’s Super Platinum plan provides a sum insured amount of $750,000, with benefits such as emergency dental pain relief. Premium amount starts from ₹1,545.

Travel Prime Student Maximum

This is our greatest plan, providing a sum insured amount of $1,000,000. It provides extensive coverage, such as repatriation, loss of passport, loss of laptop and tuition fee, and premiums start from ₹1,651.

*Note: Premium amounts are exclusive of tax and may change. Please use discretion while reading. 

Trusted by Indians

Since our establishment in 2001, we have served over 14 crore+ Indians. Our 25 years of industry knowledge have granted us extensive knowledge of what students need. That’s why our plans are highly customisable and flexible.

Worldwide Cashless Access

One of our trump cards is our extensive network of hospitals, which goes beyond India. We have established our presence in numerous foreign countries. This gives our policyholders an edge when faced with unfamiliar situations.

Round-the-Clock Support

We understand that emergencies do not knock on your door before arriving. Therefore, we have our customer service open 24/7 so that we are not time-bound to policyholders. Whether it is 7 am in the US or midnight 12 in India, we are always available.

Wide Selection of Add-Ons

We have a wide range of add-ons available, which help to tailor your plan according to your needs. You can choose from 8+ options such as bail bond insurance, loss of laptop, personal accident cover, accident to sponsor, and family visit.

Huge Scope of Coverage

Lastly, without extensive knowledge of the market, we have designed our plans to cover different kinds of situations. We have combined travel and health insurance requirements. Whether you need coverage for hospital daily allowance or trip delay, we got you covered.

What are the Common Reasons for Student Travel Insurance Claim Rejection?

Now that you know the importance of travel insurance for students studying abroad, let’s look at some common claim denial reasons. These will help you avoid these mistakes and have a smooth experience:

Missing Bills or Documents

Providing correct documents and accurate information is the first and most crucial step in raising a claim. But if you provide false information or do not fill out the claim form correctly, the insurance company may reject your claim or delay the process until you provide correct information.

Withholding Medical Details

When you buy student travel insurance, you have to disclose every pre-existing medical condition. This includes previous hospitalisation information or new medication prescribed by a doctor. If your data mismatches, then your insurer may reject your travel insurance claim.

Trip Cancellations for Personal Reasons

Insurance companies in India cover trip cancellations only when they are due to external factors. This can include an airline mishap or bad weather conditions. But it does not include trip cancellations due to personal reasons. So, if you claim the same, they will reject it.

Travelling Despite Restrictions

If you are travelling to a country where the Republic of India has put restrictions, then your travel insurance policy will not cover any mishaps or medical emergencies. 

Incorrect Form Submission

Lastly, if you do not submit the claim form or include mismatched information, your claim may be rejected. Therefore, take your time and fill it up correctly.