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

Mutual Fund Review: Taurus Tax Shield

    Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund.   Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
Read more

Use Mutual Fund SWPs for getting fixed payments

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Investors time withdrawals optimally to save on tax The systematic withdrawal plan, or SWP, could be called the lesser known cousin of the much talked about and publicised systematic investment plan (SIP). There's yet another cousin — the Systematic Transfer Plan ( STP ). In SIP, you invest a fixed sum of money at regular intervals (monthly/ quarterly) to buy some units of a mutual fund scheme. In SWP, as the name suggests, you do the opposite: You redeem some mutual fund units from your portfolio to get a fixed sum of money at regular intervals (monthly/quarterly/half year/yearly). In SIP, you get a higher numbers of units when the markets are down, and lesser in a buoyant market. In SWP, going by the product logic, you redeem higher number of units when the markets are do...
Read more

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

  AXIS Long Term Equity Fund - Invest Online   History:   The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below;                        ...
Read more

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...
Read more

10 year NSC launched, all set to give 8.7 per cent

Invest in Mutual Funds Online Download Mutual Fund Application Forms THE government introduced a 10-year National Savings Certificate ( NSC ), which will earn an interest rate of 8.7 per cent per annum. The notification for the launch of the new savings instrument, 10-year National Savings Certificate (IX-Issue), 2011, has been issued, an official statement said. The scheme will come into effect from December 1, it added. Investments in NSC will earn interest at the rate of 8.7 per cent compounded semi-annually, it said, adding that on an investment of Rs 100, the depositor will get Rs 234.35 on maturity of the NSC. There is no upper limit for investment in the certificate, it added. The new scheme will give better returns along with tax benefit to savers. At present, the maturity period of NSC is six years and it qualifies for tax relief for investment up to Rs 1,00,000 under Section 80C. The decision to raise the maturity period of NSC has been taken on the b...
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