4 Common Student Travel Insurance Myths Busted

  Author: Kundan Kishore

Are you heading abroad for your overseas education soon? Make sure you don’t fall for the most common travel insurance myths that people
subscribe to. Read on to find out the four common student travel insurance myths.

Myth #1 

Travel insurance covers common travel mishaps like baggage
misplacement, loss of passport, flight delays and missing connecting
flights.

Reality

 It also covers medical evacuation, dental care, study interruption and reimbursement of costs of round trip of a family member on more than a week’s hospitalization of the insured person.

Myth#2

The policy is all about coverage of travel and medical emergencies

Reality

 Travel insurance plans also cover any personal liability arising out of unintended action of the student. The policy can provide for bail bond and legal expense incurred towards claim from third parties.

Myth #3

Buying it abroad will ensure claims settlement sooner.

Reality

 Indian companies have good claims settlement prospects thanks
to established networks abroad of foreign joint venture partners.
Indian travel insurance plans are also far cheaper than from those based abroad.

Myth #4

The period of coverage is small.

Reality

 The period of coverage can be extended from the minimum of 30
days to 2 years and even more. Multiple trips can be covered during this period.

Overseas travel insurance is a must if you are going to study abroad.  But ensure that you know what you are paying for and make the most of the policy features when the need arises.

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