Overseas education plan is an exciting expedition. It broadens a student’s experience and allows him to integrate new, vital elements to his expertise. The student is also exposed to unlimited career opportunities in future. Apart from academics, the students get ample time to explore new places. Although the opportunity to explore is exciting, it involves good amount of risk wherein students are vulnerable to accident risks, illnesses, and many other problems. Since they are far from home, it is not possible to access immediate help. Health problems may even interrupt studies and loss of money. To ensure uninterrupted studies and financial independence, one needs to buy student health insurance. This will ensure that you are not left alone during a crisis. There are many benefits of buying this plan. These facilities make sure that you have a successful foreign education tour.
Did you give overseas medical costs a thought?Well, it is definitely a matter of pride for you and your family. Getting admission in a reputed college abroad is a guarantee for a secure, successful future. The happiness and excitement doesn’t give candidates and their parents a chance to realize some of the risks that one may encounter in a foreign country.
As already discussed, studying abroad entails many health risks. Some of the most common ones are listed below:
- Sudden illness
- Injury due to an accident
- Damage to a body part due to an activity involved in
- Unable to adapt to the new weather and physical problems associated with it
- Pregnancy
- Dental problems
- A pre existing illness
- Need to be transported back to the native country due to illness
- Death
Managing Medical Expenses
Medical costs in foreign currency can be prohibitively expensive. Hospitalization costs are expensive beyond imagination. A student living away from his native land, parents and well wishers may require additional support to cope with health problems (which are inevitable) abroad. Since no one can predict an illness, it is better to take requisite precautions against it. Under severe conditions, the student may need visits from family. A student health insurance plan covers you for these eventualities. The best part is that you will be covered for just a fraction of the amount you may require to spend on hospitalization and medication bills.
The Benefits
Rupees versus Dollars (any other foreign country)
You buy student insurance in Indian rupees. This is 1/3 the cost of buying similar insurance in a foreign country. Additionally, the plan is compulsory abroad. This means if you don’t buy it here, you'll be forced to buy one as soon as you reach your dream destination, at double the price!
Up to StandardThe student medical insurance is accepted by most of the foreign universities. The best part is that they’ll accept it as a substitute for their compulsory insurance.
The UnitedHealth International AccessibilityThe student medical insurance company has collaborated with leading UnitedHealth International, US-based Health Care provider. This facilitates the company to guarantee better health care benefits and services to be availed when in the United States.
Auto-RenewalThe student medical insurance is available with a continuous cover for 2 years (auto-renewal). This means you can cover your entire study period and stay away from the hassles of policy extension. The policy duration will now be 365 + 365 = 730 days. The plan is also available with second year (auto-renewal) extension option. It will cover you for the entire period of study.
Advance Extension You can extend your policy three months in advance.
Outpatient Expenses
The policy will cover the student for medical outpatient expenses. This is subject to the policy cover limits.
No Check-up HasslesTo buy these insurance plans, you don't require any pre-medical check-up.
Ease of PurchaseThe plan can bought online and pay in installments.
AccessibilityOne can have access to the database of over 500 universities and issuance of instant digitally signed policy.
Non-medical BenefitsThe plan also offers non medical benefits such as study interruption cover and provision for a two-way compassionate visit cover for parents. The student travel medical plan will offer direct settlement for all kinds of in-hospital medical expenses abroad.
The student medical insurance in India covers the plan holder for a number of eventualities such as:
- Hospitalization
- Protection of sponsor
- Emergency evacuation
- Bail bond
- These are covered during their tenure as a student in a foreign university.
The Cover Offeredp>
- Medical expenses incurred as an inpatient during hospitalisation for more than 24 hours
- Room charges
- Fees for doctor
- Surgeon's fee
- Medicines bills
- Medical expenses incurred 30 days prior and 60 days post hospitalisation
- Day Care expenses incurred on listed advanced technological surgeries and procedures requiring less than 24 hours of hospitalisation.
- The minimum entry age starts from 6 years under individual policy, and 3 months under a floater policy.
The Exclusions
- Exclusions valid for the first 30 Days
- Any illness contracted within 30 days of the inception date of the Policy, except those that are incurred as a result of an accident. This clause is not applicable on the subsequent renewals
Eligibility
- The customer can easily purchase the student insurance plan for health for any family member(s) children and / or parents
- The minimum entry age for customer to get the policy is 3 months in the event of floater.
- For individual insurance plan, it is 6 years.
The buyer should be aged above 18 years.
In a Nutshell
Now that you know that the premium cost of student medical insurance is merely a nominal charge as compared to the entire sum assured, it is better to get covered and spend peaceful days during the study term away from your native land, family and loved ones.
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