In this article, we discuss Health Insurance Plans for Indian Students Studying Abroad!
Studying abroad is an exciting opportunity for students to broaden their horizons, learn new skills, and experience different cultures. However, it also involves leaving the comfort of home and venturing into unfamiliar territory, which can be daunting. One important aspect of studying abroad is ensuring that students have adequate health insurance coverage to protect them in case of unexpected medical emergencies. In this article, we will discuss health insurance plans for students studying abroad.
Keep on reading this article to know about Health Insurance Plans for Students Studying Abroad!
10 Benefits of Health Insurance Plans for Students Studying Abroad
Below are 10 Benefits of Health Insurance Plans for Students Studying Abroad
1. Cashless hospitalization-
Student health insurance plans offer cashless hospitalization in case if you are diagnosed with an illness or meet with an accident and require medical attention. The insurance also covers dental appointments and doctor consultations. The best part is all the claims can be settled in a cashless manner.
2. Medical treatment and diagnostic tests -
Your doctor may prescribe you medical aids or diagnostic treatments or tests like X-ray, ultrasound, or blood tests for further diagnosis. These costs are also covered under the student health insurance plan.
3. Covers mental health -
The life of students is stressful, which can impact their mental health. Taking cognizance of this, some universities require health insurance for students to cover mental health costs as well. Hence, the student health plan also covers therapy and other related expenses
4. Transportation costs -
You may need to travel to your physician or the hospital. Student health insurance plans also provide reimbursement of the traveling costs that you may incur for reaching the hospital. This may also include ambulance charges, in case you fall seriously ill or get into an accident and need assistance to get to the hospital.
5. Transportation back to India -
If you are seriously ill and wish to go back to India, the insurance plan covers the transportation costs for the same. The plan will also reimburse the travel costs for a person accompanying you based upon the requirement and necessity for the same.
6. Cover period for treatment in India -
The medical insurance for students also provides for a 30-day treatment cover after reaching India for treatment. This includes the expenses incurred for any continued treatment and other follow-ups prescribed to you.
7. Compensation for study interruption -
In case you are hospitalized for an extended period, you may not be able to pursue your studies further. This may interrupt your studies and can result in missed career opportunities. Health insurance for students provides monetary compensation for such an interruption.
8. Sponsor protection -
In case your sponsor passes away, the medical insurance plan compensates for your tuition fees for the remaining duration. This helps you complete your studies without worrying about the finances.
9. Financial aid for visits -
In case you fall ill and are hospitalized for more than 7 days, and your parents need to fly down to visit you, the health insurance plan covers the cost for the same. The plan also covers the costs of visiting India to visit an ailing family member.
10. Cost of repatriation or burial -
In case the student passes away, the health insurance for students covers the costs of repatriation of the body. The plan also provides for the burial expenses in case of burial/cremation in a foreign country.
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How to Choose the Correct Health Insurance Plan?- 10 Points Every Student Should Consider
While opting for a health insurance policy is a must, students must also know how to opt for the correct health insurance plan. Listed below are a few pointers that students must keep in mind while deciding on a health insurance plan.
Coverage Amount:
Ensure the policy provides sufficient coverage for medical expenses, hospitalization, and other related expenses. Consider your health condition, potential health risks, and the healthcare system of your country of residence.
Network of Providers:
Check if the policy has a network of healthcare providers that you can access for medical care. If you already have a preferred healthcare provider, ensure they are included in the network.
Premiums and Deductibles:
Understand the premium amount and any applicable deductibles. Choose a plan that is affordable and fits within your budget.
Duration of Coverage:
Ensure the policy provides coverage for the duration of your stay or study period. Check if there are any pre- and post-departure periods included.
Geographical Coverage:
Policies should provide coverage in the country of study as well as any other countries you may travel to.
Pre-existing Conditions:
Ensure the policy covers any pre-existing conditions you may have. Be honest about your medical history to avoid any issues during claim settlement.
Mental Health Coverage:
Check if the policy covers mental health issues, including counseling and therapy.
Emergency Evacuation and Repatriation:
Ensure the policy covers emergency medical evacuation and repatriation of mortal remains.
Additional Benefits:
Consider additional benefits such as dental and vision coverage.
Customer Service:
Look for a provider with good customer service that can provide assistance when you need it.
Best Health Insurance Plans for Studying Abroad - 4 Best Health Insurance Plans Every Student Should Consider
Here are some of the renowned and most availed for health insurance plan options available for students –
ICICI Lombard Student Medical Insurance:
This policy provides comprehensive coverage for medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, and mental health issues. It also covers pre-existing conditions and offers cashless hospitalization.
HDFC ERGO International Student Suraksha:
This policy provides coverage for medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, mental health issues, and pre-existing conditions. It also covers compassionate visits by a family member and offers direct billing to the insurance provider.
Bajaj Allianz Global Personal Guard:
This policy provides coverage for medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, and mental health issues. It also covers accidental death and disability, emergency dental treatment, and loss of passport and documents.
TATA AIG Student Guard:
This policy provides coverage for medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, and mental health issues. It also covers pre-existing conditions and offers cashless hospitalization.
Conclusion
Health insurance is an essential requirement for Indian students studying abroad. With the rising costs of healthcare services globally, having a comprehensive health insurance plan can provide financial protection and peace of mind in case of unexpected medical emergencies. The best health insurance plans for students studying abroad provide coverage for medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, mental health issues, and pre-existing conditions.
It is important to carefully review the policy terms and conditions, compare the coverage, benefits, and premiums of each plan, and consider the duration of coverage, network of providers, and additional benefits before selecting a plan. With the right health insurance plan in place, students studying abroad can focus on their education and personal growth without worrying about the financial burden of medical expenses.
So, this article was about Health Insurance Plans for Students Studying Abroad! We hope you find this article helpful!!
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Frequently Asked Questions
Why do Indian students studying abroad need health insurance?
Health insurance provides financial protection in case of unexpected medical emergencies, which can be expensive and cause financial strain on students and their families.
What does a health insurance plan for Indian students studying abroad typically cover?
A health insurance plan for Indian students studying abroad typically covers medical expenses, hospitalization, emergency evacuation, repatriation of mortal remains, and mental health issues. Some plans may also cover pre-existing conditions and offer cashless hospitalization.
How do I choose the right health insurance plan for me?
When choosing a health insurance plan, consider the coverage, benefits, and premiums of each plan, as well as the duration of coverage, network of providers, and additional benefits. Compare multiple plans and read the policy terms and conditions carefully before making a decision.
Can I purchase health insurance after I arrive in the country where I will be studying?
Yes, many health insurance plans allow students to purchase coverage after they arrive in the country where they will be studying. However, it is recommended to purchase coverage before departing to ensure continuous coverage and avoid potential gaps in coverage.
What should I do if I need medical care while studying abroad?
If you need medical care while studying abroad, contact your health insurance provider as soon as possible to understand your coverage and network of providers. Seek medical care from a provider in your network to ensure coverage and avoid potential out-of-pocket expenses.
How do I file a claim for medical expenses incurred while studying abroad?
To file a claim for medical expenses incurred while studying abroad, obtain all necessary documentation and receipts from the provider and submit them to your health insurance provider along with a completed claim form. Be sure to follow the claims process outlined by your provider to ensure timely reimbursement.
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