Wednesday, July 24, 2013

Insurance cover for overseas students launched by private company

A private general insurance company has launched a policy for Indian students studying abroad or planning to do so. The policy pays for expenses incurred by the immediate family member if they visited the insured student in case of emergency or if the student had to visit them in similar circumstances. The 'Student Suraksha - Student Overseas Travel' policy provides cover against unforeseen expenses such as hospitalisation, accidental death, permanent disablement and dental treatment.

It has additional covers such as personal liability, bail bond, sponsors' protection, study interruption, loss of passport and checked-in baggage loss. It includes worldwide cover for students from 30 days to 2 years without any medical or health check-up requirements

The policy can be bought by an individual between the age of 16 and 35, who is a full-time registered student of an education course outside India. The policy pays the cost incurred in the event of a visit by one immediate family member abroad in case of medical emergency or in a reverse situation.

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