All you need to know about Insurance Plans!!

All you need to know about Insurance Plans!!

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Undoubtedly, a student’s life revolves around professional goals and academics. Guessing you are here because you are a student who is looking forward to pursuing higher studies abroad? Well, then, know that the peer pressure to get into the best university is now easier as many options are available. On the other hand, it is quite easy to assume that you must be already researching the types of Insurance plans available for aspiring students.

In that case, you are at the right place. To find out about the Insurance available for the students, you need to keep reading the article until the end.

What type of insurance plans are available for students aspiring to study abroad?

Studying abroad seems more like a dream come true than an adventure for many. But between dreaming of navigating campus life and making new friends, an applicant must also be concerned about the insurance plans.

So usually, a question that comes around is what type of Insurance a student must purchase when choosing to study abroad? Well, to be precise, it’s health and travel insurance.  

These two options are available and should be on the top task list of every student. This is simply because most universities demand students to have these two insurance plans.

Also, it is needed for one’s own safety when going to study abroad. There are platforms like Foreign Admit who offer both types of plans. By doing the GIC with them, you can expect to win Rs.5000 off on the flight tickets if you become one of the first 100 users.

Why does one need health and travel insurance?

Every individual requires health insurance to cover common health problems and unforeseen illnesses. With rising healthcare costs, purchasing suitable health insurance becomes a pressing issue. Common infections and diseases and chronic physical and mental problems, among others, are among the risks that young people face.

In any of these situations, a student health insurance policy can be extremely beneficial. While pursuing higher education is already expensive, the cost of medical treatment may be even higher depending on the country.

Therefore, as a result, having health insurance becomes even more necessary for students who live away from their parents. On the other hand, travel insurance provides financial protection to the student against unforeseen situations that might take place during the travel schedule. Such insurance plans can cover expenses including baggage loss, passport loss, accident to sponsor, hospitalization, and more. Also, study interruption, bail bond, and sponsor protection are also covered in such plans. Moreover, at insurance providers like Foreign Admit, you can avail of a US bank account in a quite straightforward way and get yourself a US-based credit card and SIM card for a hassle-free experience.

Tips to get health and travel insurance for Students

If you have made up your mind to get health and travel insurance for studying abroad, it must be a daunting task to find the right provider. This is why we have come up with a few pointers below that can help you to pick the right type of health and travel insurance for yourself.

  • Try to understand why you need international student health and travel insurance.
  • Then memorize the terminology before buying any kind of plan.
  • Make sure that you are eligible to fulfill the health and travel insurance requirements for the visa.
  • Find out what the insurance policy would cover and assist you with the things that the insurance policy would cover.
  • Make sure to budget properly to cover the charges of health and travel insurance for the international students.
  • Choose a renowned and trusted platform of Insurance like Foreign admit.
  • Also, focus on your school’s requirements and other necessary details like the cancellation policy.

Lastly, make sure to consult with the insurer and try to know how buying a plan from them can be beneficial for a student and their journey of higher studies. Then compare the plans and choose the one that seems the best.

What are the types of health and travel insurance available for college students?

There are many types of health and travel insurance available for college students that you must know. Keeping in mind about these insurance plans will help you to pick the right one for yourself, depending on your need. Therefore, the following will help you to discover the available health and travel insurance plans for students aspiring to study abroad.

Health insurance plans

  • Insurance for international students
  • low-income students insurance
  • Insurance for short term coverage
  • Personal accident insurance
  • Insurance for critical illness
  • Hospital daily cash insurance
  • Insurance of Mediclaim
  • Insurances with covid 19 cover
  • Insurance on disease-specific

Travel insurance plans

  • Domestic travel insurance
  • International travel insurance

Benefits of buying Health Insurance and Travel Insurance from Foreign Admit?

Travel and health insurance are required for students going to study abroad as it helps to avoid any type of emergency situations when traveling. By buying Foreign admits travel and health insurance plans, you can be assisted without any delays or paperwork, including at times of financial emergency.

It does not matter for what reason you need medical assistance; the bills can be expected to be paid. From receiving cashless claims, coverage on medical tests, mental health, transportation costs, and whatnot – you can expect the health insurance to take care of all.

While the travel insurance claim would precisely cover emergency medical charges, dental treatment expenses, accidental death benefit, trip delay, daily cash allowance benefit, compassionate visit, treatment for expecting mothers, etc. Also, completing a claim settlement is done in a simplified and hassle-free way.

The best part about choosing Foreign Admit as your insurance provider is that you will receive a .25% lower interest rate if you have an already approved loan. However, this is not applicable for SBI and HDFC credila. Additionally, on referring your friend for GIC Issuance, you and your friend both can receive 25 CAD$.

Check some of the best insurance plans out there for you here.

At ForeignAdmits, we understand how important this decision is. We are here to help you every step of the way, from finding the right school to getting admitted and securing scholarships.

ForeignAdmits have a team of experienced counselors who can provide you with customized guidance based on your individual needscontact us today to get started. We look forward to helping you achieve your educational and career goals!