Students’ health insurance policy will help them take care of medical bills regardless of their financial situation. This is the reason why many insurance policies cover students till their education. Each policy covers a specific age limit.
This age limit is the basis on which the employee health policy can be distinguished from the student health policy. After graduation, most students gain employment, so employers take care of their health insurance. So, if you are worried about visiting a doctor and its expenses, don’t hesitate to do so as health insurance will cover the cost.
As a student living in a foreign country, there may be situations when things may go wrong. The cost of overcoming such problems may be very high, and purchasing the best health care insurance for college students will be very beneficial.
Some of the health insurance policies also cover non-medical emergencies such as loss of passport, delay or loss of baggage, and study interruption.
If you study abroad, then most international universities require students to be covered under an overseas travel insurance plan. Buying student health insurance in India is significantly cheaper than buying it in foreign countries. It is therefore recommended you purchase the insurance before leaving the home country. Most of the insurance companies offer foreign travel insurance for students. Here we will discuss some eligibility criteria you must meet to avail of such coverage.
Your age must be between 16 years to 35 years of age.
You must be travelling overseas to pursue higher education.
You may be already eligible if you are a student living in an international institution.
Here will discuss some benefits of buying a student health insurance plan.
Emergency medical expenses
Health insurance for students policies cover expenses caused due to an unexpected sickness or an accident. In case you need to return home to get treatment, the plan will reimburse the payments as per the terms and conditions.
Moreover, if you die, the insurer will pay the cost of repatriating your corpse home. Also, if you get permanently disabled, you will receive compensation as per the policy terms.
If you are legally bound to pay damages resulting from a lawsuit for property damage, the insurer will cover the same. The policy for college students also covers bodily injury to another person in case of an accidental lawsuit against you.
The insurance company reimburses expenses if your sponsor passes away, your studies get interrupted due to some reasons, a family member needs to make a compassionate visit, in case you require a pregnancy treatment or childcare benefits.
It is always recommended you read the policy document thoroughly to understand the inclusions and exclusions before making your choice.