Studying Abroad? Indian Insurers Now Cover Visa Rejections, Job Loss & Emergencies: What You Need To Know?

For a lot of Indian students, studying abroad is an important step that gives them chances to experience higher learning and different cultures globally. Yet, sometimes, something like a visa being revoked, losing a job, or a sudden emergency can disrupt your journey. Because of these risks, specialised travel insurance policies are now available from Indian insurers to ensure students’ and parents’ investments and dreams are covered.

Cost-Effective Alternatives To International Plans

One major advantage is that these Indian policies are much less expensive than their equivalents abroad.

• Pages from different insurance companies reveal that in India, a 2-year $100,000 sum insured plan could be about ₹33,000, whereas similar coverage overseas can cost more than ₹3 lakhs each year.

• Because this insurance is affordable, many students and their families pick insurance packages from $100,000 to $1 million.

Since these plans are inexpensive, many students who want good coverage choose them over higher-priced international policies.

Adoption Trends And Expert Recommendations

Even though Indian policies have advantages, some students choose foreign plans because it’s easier to file claims through their universities.

• It is suggested by educational consultants to first follow an Indian policy for a few months and then switch to a plan supported by the university.

• A greater number of students from India heading abroad in the previous year was matched with a surge in requests for these comprehensive insurance policies.

Experts advise students to determine their needs for insurance and use a mix of local and global policies to make sure all situations are covered in an easy manner.