Most the students who venture 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.
Going abroad is not the cheapest option for most Indians, but the parents 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 Financial Year 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.
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.
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.
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 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
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
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.
|Student Travel Insurance
Insurance Companies offering student medical 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.