Which is the best Student insurance plan in India?
India today exports around 200,000 students every year to foreign Universities/Colleges for their higher education, this is the second ranked country after China in terms of students travelling abroad. Not surprisingly, USA is a the most popular destination for Indian students although the number of students visiting USA have started reducing year on year, given the visa challenges as well as growing popularity of other countries. Given this growth of the student insurance numbers, the Indian insurance companies have rolled out Student Health insurance plans which are comprehensive in terms of coverage and competitive in terms of premiums. An important factor to consider is that the Indian Student Health Insurance plans are comparable with local health insurance requirements in foreign countries and hence can be used as a substitute insurance plan in place of the plans offered by the University/College.Currently most of the students avail their insurance coverage from the University/Colleges but it is recommended that they review and compare the Indian Student Health insurance plans as well before making a final decision. Most Indian insurers have a Student Health insurance plan for both American Markets as well as Rest of the World depending on the destination country that the student is proceeding to for their studies – Americas, Rest of the World, Asia etc. The advantage of the Indian insurance plans is that they not only offer Medical coverage but also Non-Medical covers like Sponsor Protection, Compassionate Visit, Study Interruption, Maternity Cover etc. You can compare the available Student Health Insurance plans to make a final decision.
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| (All benefits displayed at maxmimum available limits - $USD) | Apollo | Bajaj Allianz | Cholamandalam | Future Generali | HDFC Ergo | Reliance | Care(Formerly Religare) | Royal Sundaram | Tata AIG |
| Emergency Accident & Sickness Medical Expenses | 500,000 | 1,000,000 | 250,000 | 500,000 | 500,000 | 500,000 | 1,000,000 | 750,000 | 500,000 |
| Coverage for Pre Existing Conditions (in Life Threatening situations) | 100,000 | 5,000 | 5,000 | ||||||
| Maternity Benefit | 500 | 2,000 | 500 | 3,000 | 3,000 | ||||
| Treatment for Mental & Nervous disorders (including drug dependence) | 1,000 | 1,000 | 1,000 | 1,000 | 2,500 | 2,500 | |||
| Cancer Screening & Mamography | 2,000 | 2,000 | 4,000 | 3,000 | 3,000 | ||||
| Sickness Dental Coverage | 500 | 500 | 250 | 500 | 500 | 500 | 750 | 500 | 500 |
| Personal Liability | 100,000 | 150,000 | 100,000 | 200,000 | 100,000 | 150,000 | 100,000 | 500,000 | 500,000 |
| Study Interruption | 10,000 | 7,500 | 7,500 | 10,000 | 15,000 | 25,000 | 25,000 | ||
| Sponsor Protection | 20,000 | 10,000 | 10,000 | 15,000 | 10,000 | 10,000 | 15,000 | 25,000 | 25,000 |
| Compassionate Visit (2 way) | 7,500 | 7,500 | 7,500 | 10,000 | 7,500 | 7,500 | 7,500 | 10,000 | 10,000 |
| Bail Bond | 5,000 | 500 | 5,000 | 2,500 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Tution Fee | 10,000 | 25,000 | |||||||
| Laptop Insurance | 500 | 250 | 500 | ||||||
| Felonious Assault | 7,500 | 10,000 | 25,000 | 25,000 | |||||
| University Insolvency | 7,500 |
Solo Travel Insurance
