Travelling to a foreign nation is not only exciting but also opens lots of opportunities. Individuals go overseas for various reasons, such as tourism, employment, and study. However, to secure their foreign national trip, travellers prefer to buy an overseas travel insurance plan.
The plan secures their entire trip for unanticipated situations such as medical emergencies, baggage loss and more. Travellers, before making any purchase decision, need to compare travel insurance based on coverage.
The travel insurance plan differs from individual to individual based on their needs. Standard travel insurance is a good fit for a short-term duration such as tourism, business activity, etc. Student travel insurance is great for students going abroad to pursue their studies.
In this blog, we will discuss in detail the standard and student travel insurance.
What does Standard Travel Insurance Mean?
A travel insurance standard or regular plan is the coverage that covers various unforeseen risks such as medical emergencies, flight cancellation and more while travelling. Travellers usually purchase the plan in advance to secure their trip from financial emergencies.
This plan is generally for individuals travelling to foreign nations for tourism or work-related activities. Individuals can easily purchase standard travel insurance online.
What Does Student Travel Insurance Mean?
Student travel insurance is dedicated coverage for students travelling to foreign nations to pursue their education. The plan is to provide emergency financial assistance to students in case of need.
From medical emergencies to loss of passports and more are covered under student travel insurance. Individuals can easily buy online student travel insurance plans before the intended travel date.
Different Between Standard Travel Insurance and Student Travel Insurance
| Aspects | Standard Travel Insurance | Student Travel Insurance |
| Audience | The standard or regular travel insurance plan is suitable for individuals visiting the country for leisure, work, etc. | The plan is specifically designed for students who are visiting a foreign nation to pursue their studies or participate in educational programs and more. |
| Purpose of Travel | The purpose of travel under this insurance policy should be leisure, family visits and work. | The purpose of travel under this plan is educational activity. |
| Coverage Duration | The standard travel insurance is generally suitable for short term duration such as tourism, business activities and more. | The policy duration for student travel insurance depends on the course and study duration in the foreign country. |
| Age Restrictions | The plan is generally suitable for all age groups, including adults, teenagers and children | The plan is for students who fall under the typical student range. |
Importance of Purchasing a Travel Insurance Plan
Below are some of the reasons to buy travel insurance:
- Medical Emergencies: Travel insurance can cover medical expenses in case of unexpected illnesses or accidents while abroad. Without insurance, international medical care can be costly, and having coverage ensures you can access necessary treatment without a significant financial burden.
- Trip Cancellation and Disruptions: Travel plans may be disrupted due to unforeseen events such as illness, family emergencies, or natural disasters. Travel insurance can reimburse non-refundable expenses like air tickets, hotel bookings, and tour costs if you need to cancel or cut short your trip.
- Baggage Loss: Travel insurance provides coverage for lost, delayed or stolen baggage. Under the plan, policyholders will get reimbursement for essential items if the luggage is delayed or compensation for lost belongings.
- Travel Assistance: The plan also offers 24/7 assistance services, providing help with medical issues, legal assistance, and other travel-related emergencies.
What to Look For While Purchasing a Travel Insurance Plan?
Most individuals are unaware of what to look for while purchasing overseas travel insurance. This is because of the lack of knowledge. Below are some points that would help in making wise decisions while purchasing a travel insurance plan.
- Reputable Insurance Company:While purchasing a travel insurance plan, it is best to go with a reputable insurance company that has been in the market for quite some time. A company with a good reputation, like Tata AIG, offers top-notch service.
- Policy Coverage: Another thing to look for while purchasing a travel insurance plan is the type of coverage offered under the plan. It is best to choose the plan that fits your requirements. Many insurance companies offer custom-made plans based on individual needs.
- Claim Settlement Ratio: Another thing to look for is the claim settlement ratio of the insurance company. A company with a high claim settlement ratio is generally preferred.
- Cost Effective Premium: A travel insurance policy premium is another thing to pay attention to while purchasing a policy. Choose a policy that offers extensive coverage and also fits your budget.
Conclusion
While travelling to a foreign nation, it is best to secure your trip with a travel insurance plan. The plan offers extensive coverage to travellers against various risks. However, those who are travelling to foreign countries for studies should consider investing in student travel insurance. However, before buying any travel insurance, it is best to read about the policy inclusions and exclusions.
