+ 91 (80) 41744345 [Call] LOGIN
  • + 91 (80) 41744345
  • Welcome Guest - Login

Student Insurance India - Buy Online

Student insurance quote

Destination
Coverage
Date of birth
  OR age      years
Start date
End date
  Total Days      years
  •        
  • India today sends the second largest number of students abroad to study every year. Given that India students have always been academically inclined, the quality of education abroad has always been an extremely exciting prospect for a college student wanting to advance his academic and career prospects. Many of the large Fortune 500 companies are headed by Indians who initially ventured abroad for their higher education and then furthered their prospects by finding suitable careers abroad. An overseas education is an exciting horizon broadening experience and often results in promising career opportunities for students. Along with academics we tend to explore the surroundings during spare time.

    Below are some of the datapoints for India students abroad, this has been compiled from the Ministry of External Affairs, GOI. Last year alone, India had a total of around 550,000 students abroad in as many as 86 countries. 36 of these are from Asia, 32 from Europe, 8 from Africa, 6 from South America and 2 each from North America & Australia. More than 50% of the Indian students’ study in North America, specifically USA. These numbers have been growing at an average of around 7-8% YOY, which has reduced from a few years ago. Out of the 86 countries, 26 countries have less than 100 Indian students each while 20 other countries have between 100 and 500 students. Ten other countries have between 500 and 1000 students. Only 3 countries have more than 50000 students each while 5 other countries have between 10000 and 50000 students. China & Bahrain are the only two Asian countries with more than 10000 Indian students each. Countries like Serbia & Mongolia have only one student each while Uzbekistan, Greece & Bosnia have two students each.
    student graph
    Some of the factors that influence students to continue to explore overseas shores for higher education include:
    • Reputation of the Institute / University – this is normally through word of mouth and school/college seniors recommendations – the Ivy League institutions are a big draw.
    • Quality of Education and Exposure – Most colleges offer India students a wide range of options in terms of subjects to choose from. Flexible curriculum allows interested students to attend much more electives of their choice and preference. This is backed up by opportunities of working abroad with higher remunerations.
    • Peer Pressure – the Indian student still undergoes a lot of peer pressure in terms of class mates / parents wanting them to have a “foreign” degrees
    • Better Career Opportunities in India when they return
    Most the students who are venturing abroad for their higher studies are leaving from a relatively few pockets of India. The top 8 cities/states account for almost 75% of the students who are going abroad for their studies. The below data consolidated from the MEA clearly indicates that Andhra Pradesh and Telangana jointly account for a quarter of the students going abroad.
    student graph
    Going abroad is not the cheapest option for most Indians, but the parents still however choose to spend big bucks to send their wards abroad to study. The amount of foreign exchange spent on students going abroad has been increasing year on year (it has increased by 43% over the past 5 years) and for FY 2017-18 this stands at $ US 2.76 billion. This data is as per RBI’s information specific to the student community. This includes the cost of education, stay and other incidental costs borne by the students while they are abroad.
    student graph

    Students in United States of America:

    Given that the USA has the biggest intake of students every year from across the world, it is important to dedicate a small section only to the US Education set up. Today the number of Indians going abroad especially to the US have been growing steadily over the years. According to Worldwide Education Services (WES) Report for 2017-18, India alone sent almost 2 lacs students to the US.
    student graph
    *There is a slight difference in numbers as published by MEA of India and WES.
    India has sent the second largest number of students after China, who sends almost double the number of students to the US for their higher studies. Accodring the WES report, there were more than a million students from across the world who entered the US for their studies. The top 10 countries, whose students are traveling to US are captured in the infograpahic below.
    student graph
    It is important to understand what most Indian students are going to the US to study. The same report also provides an insight into the various fields of study that students are going for. You will note that more almost three fourths (74%) of students are going to the US to graduate/for further studies in Engineering and Maths/Computer science.
    student graph
    As mentioned earlier, since many of the students go through references or word of mouth post discussions with their seniors from school/colleges, there are no surprises that over the years some of the Institutions have been favoured over the others by the International students. The top 10 Universities/Colleges taking in International students are below, with New York University having the maximum intake of students each year followed by University of Southern California folled by Columbia University in Boston. This is as per data published in the WES Report for 2017-18.
    student graph
    But what is important to remember is that even though students are going abroad for their studies at a relatively young age, it doesn’t necessarily exclude them from any emergencies happening on their migration, financial or non financial. Also since most of them travel on their own, it is important for them to go protected by the most comprehensive insurance plan available from India. One of the major challenges that the India insurance industry is that the Universities also current offer insurance plans from the local insurance companies and hence almost 90% (or more) of the students get insured under the local insurance plan offered by the University. What is critical to note is that the insurance plans offered by Indian insurance companies offer comparable benefits at more competitive premiums that the US insurers. Their student journey however involves the risk of an accident, sudden sickness or loss of sponsorship. Far away from home, The coverage ensures that you are not left alone during a crisis. Along with medical coverage, policies also provides bail bond to protect you while arrested or detained by police for bailable offense while abroad. Have a successful overseas education covered with appropriate plan.

    Compare and Buy Plans Online

    There are many insurance companies in the market that offer different types of policies. It is advisable that you compare coverage details before buying. Choose best plan that suits your specific student insurance requirements and purchase using a credit, a debit card or a cheque. A brief comparison table of the coverages offered by the India insurance plan on eIndia website is tabled below. Please note that this is not the entire list of coverages, but a comparison of the coverages relevant to the Student’s trip abroad for studies :

    What are some of the unique coverages under Student Guard program?

    Some of the unique coverages include:
    • Study Interruption - In the event of hospitalization of the insured person for more than one consecutive month from a covered Injury or Sickness or in the case of Terminal Sickness or in the case of the death of an immediate family member, which prohibits the Insured Person from continuing his/her studies for the remaining part of a school semester for which Tuition has been paid, the Company shall reimburse the Insured Person the Tuition fees which has already been advanced to the educational institution, up to the amount stated in the Policy Schedule
    • For example if an insured student has already paid the study fees of $50,000 but unfortunately is unable to continue their education because of the death of a family member half way through the semester, then the insurance company will refund the unutilised part of the fees, half of the fees paid, which is $25,000 – this is subject to the policy of the University to arrive at the unutilised part of the fees that can be refunded
    • Sponsor Protection - The Term “Sponsor” is any individual responsible for paying the Tuition fees of the student of his full-time study in a registered educational institution outside of his home country. In the event of injury to the Insured student’s Sponsor (as stated in the Enrolment Form of the University) resulting in Death or Permanent Disablement, the Insurance company shall reimburse the insured student the Tuition Fee incurred for the remaining period of this education upto the maximum limit stated in the Schedule of benefits.
    • An insured person cannot claim under Study interruption and Sponsor Protection for the same event.
    • Compassion Visit (2 way) - In the event the Insured Student is Hospitalized for more than Seven (7) consecutive days, and his medical condition forbids his evacuation (and no adult member of his immediate family is present), the Assistance Company , will provide a round trip economy class air ticket, or first class railway ticket, to allow the Immediate Family Member be at his bedside for the duration of his stay in the hospital. Additionally, the company will refund for the costs of the stay, of the immediate family member, upto the amount stated in the policy schedule. Similarly, in the event of death, or hospitalisation of the Insured student’s parent(s), spouse/child for more than Seven (7) consecutive days due to injury or sickness, the Assistance Company ,will provide a round trip economy class air ticket, or first class railway ticket, to allow the Insured student to be at his bedside of his parent’s)/spouse/child, upto the amount stated in the policy schedule.
    • Bail Bond - The insurance company will pay bail bond costs incurred by the Insured student, as a result of false arrest or wrongful detention by any government or foreign power up to the amount stated in the Policy Schedule.

    What are the extensions under the Accident & Sickness coverage of the Student programs?

    Some of the insurance company’s Student programs have unique Special Extensions specifically provided in the schedule of benefits:
    • Only Inpatient Medical expenses related to pregnancy, termination of pregnancy only as a result of physician’s advice to terminate pregnancy due to medical reasons and not due to insured person’s choice to terminate pregnancy subject to waiting period of 10 months
    • Medical expenses related to treatment for mental and nervous disorders, including alcoholism and drug dependency are covered subject to maximum amount as provided in the schedule of benefits
    • Medical Expenses related to Cancer Screening and Mammographic examination on recommendation from a physician is covered subject to maximum amount as provided in the schedule of benefits. Any tests done as a part of preventive health check-up are not included under this benefit
    • Medical expenses due to Pre-existing Condition in case of Life threatening unforeseen emergency subject to maximum amount as provided in the schedule of benefits. In such event, measures solely designed to relieve acute pain, provided to the Insured by the Physician for Disease/accident arising out of a pre-existing condition would be reimbursed. The treatment for these emergency measures would be paid till the insured becomes medically stable or is relieved from acute pain
    • For ongoing physiotherapy to treat a disablement due to an accident, unless this is recommended in writing by the treating registered medical practitioner, upto the amount as stated in the policy schedule
    • Childcare benefits – We will pay upto the maximum amount as provided in the schedule of benefits, if the child is in between the age of 7 days - 90 days, and is hospitalized for 2 days or more for any ailment.
    Below is a summary of the Student insurance program.
    Student Insurance

    student insurance
    Student Travel Insurance is an insurance policy specifically designed for students travelling abroad on student visa to pursue their higher studies. The policy covers students who are enrolling in colleges, universities or institutes in a foreign country for professional/other academic courses. There are coverages specific to students that include Sponsor Protection, Compassionate Visit , Bail Bond and Study Interruption.
    Coverages Offered

    • Emergency Accident & Sickness Reimbursement
    • Medical Evacuation
    • Repatriation of Remains
    • Treatment of Mental Disorders
    • Cancer Screening and Mammography
    • Maternity Coverage
    • Study Interruption
    • Sponsor Protection
    • Missed Connection
    • Compassionate Visit (2 way)
    • Emergency Cash Advance
    Policy Exclusions

    • Travelling against the advice of a Physician
    • Pre-existing Conditions
    • Serving in any branch of the Naval, Military or Air Forces
    • Being under the influence due to usage/abuse of drugs, alcohol, or other intoxicants
    • Ionising radiation or contamination by radioactivity from any nuclear fuel
    • External congenital anomalies
    • Adventure sports, skydiving/parachuting, hang gliding, bungee jumping, scuba diving, mountain climbing
    • Ayurvedic, Homeopath or naturopathy treatments
    Insurance Companies

    TATA AIG Insurance Plans
    Bajaj Allianz Insurance Plans
    Reliance Insurance Plans
    Cholamandalam Insurance Plans
    Apollo Munich Insurance Plans
    Future Generali Insurance plans
    Religare Insurance Plans
    HDFC ERGO Insurance Plans

    About India Student insurance

    • Entire Premium Refunded if Rejected by University
    • Offer School Waiver Form
    • Personalized support provided
    An overseas education is an exciting horizon broadening experience and often results in promising career opportunities for students. Along with academics we tend to explore the surroundings during spare time. The opportunity to explore however involves the risk of an accident, sudden sickness or loss of sponsorship. Far away from home, The coverage ensures that you are not left alone during a crisis. Along with medical coverage, policies also provides bail bond to protect you while arrested or detained by police for bailable offense while abroad. Have a successful overseas education covered with appropriate plan.

    Compare and Buy Plans Online

    There are many insurance companies in the market that offer different types of policies. It is advisable that you compare coverage details before buying. Choose best plan that suits your specific student insurance requirements and purchase using a credit, a debit card or a cheque.

    Overseas Student Medical Insurance Policies

    These are some of the well known insurance companies who offer affordable student medical insurance policies. Click on ‘buy’ button to access free quotes offered by these insurance companies.

    • Medical benefits per sickness.
    • Buy the policy online for 1 year and renew it online for one more year.
    • Dental coverage included.
    • Buy the policy online for 1 year and renew it online for one more year.
    • Addon coverage available depending on the university requirements
    • Buy the policy up to 730 days.
    • Covers students between the age of 18 and 35 years.
    • Buy the policy online for 1 year and renew it online for one more year.
    • Covers students between the age of 18 and 35 years.
    • Coverage Period: 2 years.
    • Health check up is not required.
    • 24 X 7 International Assistance.

    FAQ's related to student insurance

    What are some of the unique coverages under Student Guard program?
    Some of the unique coverages include:
    Study Interruption - In the event of hospitalization of the insured person for more than one consecutive month from a covered Injury or Sickness or in the case of Terminal Sickness or in the case of the death of an immediate family member, Read more.

    What are the extensions under the Accident & Sickness coverage of the Student programs?
    Some of the insurance company’s Student programs have unique Special Extensions specifically provided in the schedule of benefits:
    Only Inpatient Medical expenses related to pregnancy, termination of pregnancy only as a result of physician’s advice to terminate pregnancy due to medical reasons and not due to insured person’s choice to terminate pregnancy subject to waiting period of 10 months.Read more.
    Email / Call Back


    • Address
    • InstantCover Insurance Web Aggregator Private limited
      710, 6th B Cross, 16th Main Road, Koramangala 3rd Block,
      Bangalore - 560 034.
    Payment cards