Travel Visa Insurance: Things to Know

So, you’ve made up your mind to travel abroad to study? That’s fantastic! You’ve put in the hard work and efforts to get all the information that you need, you’ve done your research regarding your university and then finally studied really hard and gotten through.

But, what next? Can you just buy tickets and get there and start off? Well, unfortunately, things aren’t that simple. There are quite a few things that might come as an unexpected shocker once you settle there. You go with a certain set of ideas and believe that things will be a certain way, but they just aren’t.

What do you do then? You obviously can’t hop back into India! There’s a lot of investment that you’ve put in and it doesn’t make sense letting it go. This is where Travel Visa Insurance comes into play. Students who go to study abroad must definitely have their insurance done.

No one actively wants to get hurt, but just in case things don’t go as planned and you end up hurting yourself, you can always rely on your insurance to come through for you. There are many companies in India that offer travel visa assistance, you just have to go through your requirements and then match up the service offerings to get the right one.

So, how do you choose which one is the best for you?

Here are the major points that you should consider when you get your travel visa insurance done:

Sponsor Protection

This feature is aimed at protecting your financial investment. The Study interruption feature is essentially something that allows you to get reimbursed for the tuition fees of the college that you are going to study for the remaining period in case the sponsor of your course (education) dies. The sum insured will determine the extent of reimbursement.

Discontinued Course

In case you choose to discontinue your course due to any reason, this feature will help you get reimbursed for the fees that you have paid in advance. This is a very important feature that you must look for in insurances because it is always best to be prepared for any eventuality.

Compassionate Visit

We can’t really tell what tomorrow holds for us. In case of a medical emergency where the student needs to be hospitalized immediately in the foreign country, this feature of the insurance allows travel and accommodation expenses that a family member might incur while traveling to visit the student.

Liability and Bail Bond

It is possible that you are unfamiliar with the laws of the foreign country and end up making a mistake that puts you in hot waters with the government. An insurance plan with features that include personal liability and bail bond with protect you from such a scenario.

Medical Coverage

This is by far the most important feature that you must look for in your insurance cover. No matter which country you go to study in, it is of critical significance that you get your medical insurance done in time.

The cost of medical care in any other country is quite high. This is why most people prefer to get their insurances cleared on time. A medical cover will ensure that you can get immediate and appropriate medical assistance when you need it without having to worry about the costs that you might incur.

Who to get your insurance from?

Now this can be a tricky question. There are lots of companies in India that offer travel insurances for students however, how will you know who you should rely on and who you should avoid? Well, it’s not very difficult really.

The first and foremost thing that you must look for is the experience that a particular company has in handling students for the country that you are aiming to go to. Once you have established which seems to be the most reliable company, speak to them and get a feel of how they operate. If you get the right service, then go for it!

At Rao Consultants, we have worked with students, universities and banks that offer education loans and student insurances for the last 17 years. It has helped us get a stronghold in the industry. If you have any doubts regarding how you should be moving forth, feel free to speak to us or drop in an email at any time.