Skip to main content

Student Insurance Policy

 

Buy Student Insurance Policy Online

 

Most students nowadays plan to go abroad for higher studies. If you also have any such plans then there is something very important for you to know i.e Student insurance policy. Student insurance policy is offered to protect insured from unexpected expenses like medical expenses while studying abroad.

In most of the foreign universities, medical insurance is must. So it is always better to get the details from the official website of the university and take the required policy from the country you belong to, else it may get you into trouble in future.

Student Insurance Policy
 
 
 

If you have plans to stay abroad for longer period then you must understand the importance of student insurance. Lets have a closer look at 'What is student insurance policy?', 'What is the procedure to apply for student insurance policy?' and 'what all Indian companies offer student insurance policy?'

What Is Student Insurance Policy?

A student insurance policy offers the blend of medical and travel insurance for the student travelling abroad for higher studies.

This policy has been designed for students travelling abroad for longer period. This product offers you the benefits of both medical and travel insurance. As medical treatments are very costly, this policy covers the cost of any medical treatment required by the insured. Moreover, if the insured meets with an accident or becomes disabled, then this policy would help them to recover from the losses. Apart from this, it also offers the benefits of travel insurance which covers loss of passport or baggage while travelling.

How To Select A Student Policy?

Choosing an insurance policy is one of the pre-requisites that makes you eligible to take admission in some of the universities abroad. You must take a look at some crucial parameters which you think are required to be covered under your insurance policy like :-

  • Your medical expenses :- Your policy should cover all your medical expenses like illness, accident etc.
  • Study discontinuation expenses :- If you discontinue your study due to your poor health then your policy should cover your losses.
  • Sponsor Protection Expenses :- Your policy should also cover your sponsor (parents) against accidental expenses when you are abroad.
  • Return Journey Expenses :-  The expenses incurred for returning back must be covered.
  • Loss of passport :- Your policy should also cover losses due to loss of your passport during your stay abroad.
  • Loss of checked-in baggage :- Your policy should cover loss of checked-in baggage during travel.
  • Your policy should also cover you against any bailable crime or damage to a public property.

Some Indian insurance companies offer insurance products for students going abroad but the cost of policy varies depending on the country they are travelling. The countries having expensive medical treatments like USA and Canada, cost higher  compared to other countries. Lets have a look at the Indian companies that offer this product:

  • Bajaj Allianz
  • ICICI Lombard
  • Future Generali
  • Star Health
  • Tata AIG

We understand that going abroad for further studies is a hectic task as it requires students to get a prospectus, fill forms, give exams and more. But you should not forget to buy a students insurance policy to keep yourself safe from future troubles.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

All about "Derivatives"

What are derivatives? Derivatives are financial instruments, which as the name suggests, derive their value from another asset — called the underlying. What are the typical underlying assets? Any asset, whose price is dynamic, probably has a derivative contract today. The most popular ones being stocks, indices, precious metals, commodities, agro products, currencies, etc. Why were they invented? In an increasingly dynamic world, prices of virtually all assets keep changing, thereby exposing participants to price risks. Hence, derivatives were invented to negate these price fluctuations. For example, a wheat farmer expects to sell his crop at the current price of Rs 10/kg and make profits of Rs 2/kg. But, by the time his crop is ready, the price of wheat may have gone down to Rs 5/kg, making him sell his crop at a loss of Rs 3/kg. In order to avoid this, he may enter into a forward contract, agreeing to sell wheat at Rs 10/ kg, right at the outset. So, even if the price of wheat falls ...
Read more

Mutual Fund MIPs can give better returns than Post Office MIS

Post Office MIS vs  Mutual Fund MIPs   Post office Monthly Income Scheme has for long been a favourite with investors who want regular monthly income from their investments. They offer risk free 8.5% returns and are especially preferred by conservative investors, like retirees who need regular monthly income from their investments. However, top performing mutual fund monthly income plans (MIPs) have beaten Post Office Monthly Income Scheme (MIS), in terms of annualized returns over the last 5 years, by investing a small part of the corpus in equities which can give higher returns than fixed income investments. The value proposition of the mutual fund aggressive MIPs is that, the interest from debt investment is supplemented by an additional boost to equity returns. Please see the chart below for five year annualized returns from Post office MIS and top performing mutual fund MIPs, monthly d...
Read more

NRI Corner: The process of remittances abroad

The process of remittances abroad, and back, is cumbersome. Here’s how you can wade through without hassles Approach The Right Place Outward remittances or the process of sending money abroad is governed by many regulations. In India, outward remittances are made mainly through banks. At the outset, you need to remember that you just cannot trust any individual or a financial firm with the responsibility of sending your money. Experts recommend that you should always try to choose a bank with an international footprint, which will make your job easier. Choose Mode Of Transfer The next step is to choose the mode of transfer. One option is to get a Foreign Currency Demand Draft ( FCDD ). This draft will be denominated in foreign currency and should be drawn in favour of the recipient/ beneficiary. The beneficiary does not necessarily need to have an account with the same bank. The other option is to send money via wire transfer. Do not be puzzled if the bank official uses the word SWIFT ...
Read more

SBI bonds FAQ

  Maximum retail subscription and over – subscription There is a lot of excitement around these bonds, so I won't be surprised if they get over-subscribed on the first day itself. So, I thought Sameer asked a very good question about over-subscription. Here is that discussion. Here are some other questions that you may find useful. Can I trade the SBI bonds on NSE after it lists? Yes, these can be traded after listing. Where can I get the application forms, and can I buy the bonds online? You can get the application from notified branches, and then fill it up there and submit it. To the best of my knowledge, there is no way to invest in them online, but if anyone knows otherwise then please leave a message, and let us know. Can NRIs apply for these bonds? NRIs can't apply for these bonds as they fall under one of the ineligible categories. Can you take a loan by keeping the SBI bonds as security? The terms of the issue in the prospectus state that the bank shall no...
Read more

IIFL NCDs

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India) IIFL NCDs IIF's six-year unsecured NCD 2012 Risk-wary investors should stay away from this issue, and even, risk-taking ones should think twice It is a public issue of unsecured redeemable non-convertible debentures ( NCDs ) by India Infoline Finance ( IIF ), an unlisted company, which is a 98.9 per cent subsidiary of India Infoline, a listed company. The issue seeks to raise Rs 250 crore with an option to retain over-subscription up to Rs 250 crore taking the total potential issue amount to Rs 500 crore. It will be open for public subscription from September 5 to September 18 with a minimum application size of Rs 5,000 in the form of five NCDs of face value Rs 1,000, TENURE & RATES: IIF will redeem the NCDs at the end of six years, and investors wanting out before six years will be able to sell the...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now