Many students venture abroad in search of better academic opportunities. While the prospect of studying abroad is very exciting, there are many anxieties that cloud the minds of the students. Before you are thousands of miles away from the comfort of your home, you must take all the necessary measures to ensure a rewarding and enjoyable stay abroad. As a student studying in foreign country, you may encounter difficult situations that may interrupt your studies or lead to financial losses. Which is why taking up a student travel insurance policy is very important, it will help you move abroad without any worries. If you are still having second thoughts about purchasing travel insurance, take a look at the following reasons.
High costs of medical treatments abroad:- The costs for medical treatment is generally very high. Most students tend to fall ill abroad due to the drastic change in the climate, sleeping patterns and food habits. Managing medical treatment costs with the limited student budget is very difficult. In case you are hospitalised, a student travel insurance will provide complete coverage against hospitalization and other medical expenses. Student travel insurance from companies such as HDFC ERGO also covers the emergency dental procedure. Hence, you need not worry about hefty medical bills while studying.
Loss of passport:- Losing your passport, while abroad is definitely a crisis. If you are caught without a passport, you could even end up behind bars. If you end up losing your passport during your abroad stay, a travel insurance will cover all the expenses incurred for the getting a new one.
Covers bail bonds:-In case you are detained by the police due to some reason, the student travel insurance will also pay for the bail amount.
Provides compensation for study interruption:- By taking up a student travel insurance, you can ensure that your studies go on smoothly no matter what. In case your studies are interrupted due to any medical emergencies or unforeseen events, the insurance company will provide compensation for the time lost during the interruption.
Loss/damage of baggage:-In case you lose you baggage, personal belongings important documents, the insurance company will provide full compensation for the damaged and lost items. However, while taking the insurance policy you would need to mention the items you want to cover under the insurance policy and pay the premium accordingly.