Bajaj Allianz vs Cholamandalam Student insurance

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Compare Bajaj Allianz vs Cholamandalam Student Insurace

Travel Destination
Traveler Date of Birth
Travel Start Date
Travel End Date
* Name, Email Id & Mobile No. are required 
bajaj-allianz bajaj-allianz bajaj-allianz Cholamandalam logo Cholamandalam logo Cholamandalam logo
Companion Standard
Elite Standard
Prime Standard
Student Silver
Student Gold
Student Platinum
Accident & Sickness Medical Expenses
$50,000            Deductible: $100 $50,000            Deductible: $100 $50,000            Deductible: $100 $50,000            Deductible: $100 $100,000            Deductible: $100 $100,000            Deductible: $100
Medical Evacuation
Included under Medical Expenses Included under Medical Expenses Included under Medical Expenses Included Included Included
Repatriation of Remains
Included under Medical Expenses Included under Medical Expenses $5,000 $7,500 $7,500 $7,500
Personal Accident
$50,000 $25,000 $25,000 Not Avaliable Overseas: $25,000
Domestic: Rs.2 Lakh
Overseas: $25,000
Domestic: Rs.2 Lakh
Sickness Dental Relief
$500 included in medical expenses Deductible: $100 $500 included in medical expenses Deductible: $100 $500 included in medical expenses Deductible: $100 $250            Deductible: $100 $250            Deductible: $100 $250            Deductible: $100
Personal Liability
$100,000        Deductible: $200 $100,000        Deductible: $200
Standard, Silver, Gold: platinum & Super gold:$100,000
Platinum, Super Gold, Super platinum & Maximum: $150,000
Deductible: $200
Not Avaliable $100,000 $100,000
Loss of Checked Baggage
$1,000            Deductible: $100 $1,000            Deductible: $100 $1,000            Deductible: $Nil Not Avaliable $1,000 $1,000
Loss of Passport
Not Avaliable Not Avaliable
platinum & Super gold: $250
Super platinum & Maximum: $300
Deductible: $25
Not Avaliable $150            Deductible: $30 $150            Deductible: $30
Bail Bond Insurance
Not Avaliable Not Avaliable $500            Deductible: $50 Not Avaliable $5,000 $5,000
Study Interruption
Not Avaliable Not Avaliable Not Avaliable Not Avaliable $7,500 $7,500
Sponsor Protection
$10,000             Deductible: Nil $10,000             Deductible: Nil $10,000            Deductible: Nil Not Avaliable $10,000 $10,000
Child care benefit
Not Avaliable Not Avaliable Not Avaliable Not Avaliable Not Avaliable Not Avaliable
Cancer Screening and Mammography
Not Avaliable Not Avaliable Not Avaliable Not Avaliable Not Avaliable Not Avaliable
Bajaj Allianz Cholamandalam
Claims Settlement Ratio ** 88.43% 54.36%
Number of Lives Covered * 654,583 14,223
Number of policies issued * 506,493 8,277
  • * As per IRDAI report for 2018-19
  • ** As per NL25 data published on the Insurance Company website

Compare Bajaj Allianz Student health and Cholamandalam Student health insurance

Key features of Bajaj Allianz

  • Pro rata refund of premium if not accepted by University.
  • Will help complete University Waiver form if required.
  • Special approval for students already outside India.
  • Offers coverage for Bail Bond, tuition fees, family visit.
  • Pay for insurance in Indian Rupees with coverage provided in US dollars.

Key features of Cholamandalam

  • Cover includes Bail Bond, Study Interruption, Sponsor Protection, Compassionate Visit benefit.
  • Can be used in addition to university plans for above reasons.
  • Premium paid in Indian rupees, while coverage is in US Dollars. This is advantages if currency fluctuations make US dollar more expensive.

Student Insurance Partners

Student Travel Insurance
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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

Student Insurance useful links

How to buy online?

You can buy insurance online by using a credit/debit card, direct funds transfer using NEFT or RTGS or by using a cheque.

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Student outside India

Student medical insurance for Indian students already outside India.

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Online renewal

Insurance customers can renew their existing policy online before the exipry date at any time.

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Student insurance FAQ

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Compare student plans

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Eindia Insurance - Blog.

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Resourceful Indian student insurance links

CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022