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Reliance Insurance Plans Reliance Student Insurance Basic plan

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Reliance Travel Insurance
Reliance Student Basic Insurance offers excellent comprehensive overseas student medical insurance for Indian students pursuing academic courses abroad with a minimum age of 16 years and a maximum age of 35 years.
  • Entire Premium Refunded if Rejected by University
  • Offer University Waiver Form
  • Personalized support provided

Reliance travel insurance review

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Sum Insured

USD 50,000/ 100,000 / 250,000 / 500,000

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Claims settlement ratio **

20.5%

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Incurred claims ratio

85%

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Number of policies issued *

2,32,976

person
Number of lives covered *

2,52,075

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Brochure

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Policy Wordings

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* As per IRDAI report   |   ** As per NL25 data published on the Insurance Company website

Reliance Student Basic insurance review

  • Reliance student basic insurance benefits

    Reliance Basic Deductibles
    Personal Accident
    25,000 Nil
    2 way Compassionate Visit
    7,500 Nil
    Loss of Passport
    100 25
    Total Loss of Checked Baggage*
    1,000 100
    Personal Liability
    100,000 200
    Bail Bond
    1,000 50
    Study Interruption
    10,000 Nil
    Sponsor Protection
    10,000 Nil
    Medical Expenses including transportation and evacuation
    NA NA
    Dental Care Expenses
    NA NA
    *Total loss of checked baggage-Maximum amount payable per checked in baggage in case more than one bag has been checked in , is 50% (100% for only one checked in baggage ) of applicable sum insured and per item in baggage max 10%
  • Exclusions of Reliance Student Basic insurance policy

    Policy Exclusions

    Basic Plan (Not Covered)
    • Medical Expenses including transportation and evacuation
    • Dental Care Expenses
    Exclusions
    • This Policy does not cover:
    • Events occurring before the start/outside policy period
    • Medical treatment abroad being the sole reason or one of the reasons for temporary stay abroad
    • Any claim if the Insured Person
           is traveling against the advice of a physician
           is receiving, or is on a waiting list to receive, specified medical treatment
           has received terminal prognosis for a medical condition
           is taking part in a naval, military or air force operation
    • Deductibles as specified in the Schedule
    • Any claim arising out of diseases, illnesses or accidents that the Insured Person has caused intentionally or by committing a crime or under the influence of intoxication
    • Any claim arising out of mental disorder, anxiety, stress, depression, venereal disease or any loss attributable to HIV or any related illness or mutant derivative or variations
    • War and nuclear perils or Any act of terrorism
    • Any claim arising out of sporting activities of professional or semi-professional nature, unless declared beforehand & additional premium paid

Reliance student insurance policy features

Medical Expenses including transportation and evacuation
  • The Company takes care of emergency medical expenses incurred by the Insured / Insured Person whilst abroad, for any sudden disease, illness, injury or death, with cashless facility. The Company will reimburse emergency expenses towards medical evacuation to India. It also covers the cost of transporting the mortal remains of the deceased back home or the costs towards burial abroad, in case of one's untimely demise.
Dental Care Expenses
  • The Company covers dental expenses incurred by the Insured / Insured Person for any acute anesthetic treatment of a natural tooth or teeth during a trip due to an injury.
Personal Accident
  • The Company shall pay compensation if the Insured / Insured Person unfortunately sustain accidental bodily injury during the trip.
Accidental Death and Dismemberment-Common Carrier
  • The Company shall pay compensation for injury sustained by Insured, which results in loss of life or permanent disability while riding as a passenger in any common carrier.
Two way Compassionate Visit
  • The company will reimburse the return fare for an immediate family member to visit you or for you to visit your family member in case of hospitalisation extending to more than seven consecutive days.
Loss of Passport
  • The Company will reimburse actual expenses incurred for obtaining a duplicate or fresh passport in the event of a loss
Total Loss of Checked Baggage
  • The Company shall compensate the Insured / Insured Person for the total loss of checked-in baggage caused by a carrier.
Personal Liability
  • The Company offers compensation for liability / damages paid to a third party, resulting from death, injury or damage to health or property that is caused involuntarily by the Insured / Insured Person abroad.
Bail Bond
  • The Company will arrange to pay the bail amount to the appropriate authority / court, on behalf of the insured person if the person have been arrested or detained by police or judicial authorities for any bailable offence whilst abroad.
Study Interruption
  • If the Insured Persons education abroad has been interrupted on account of a medical condition, the company will reimburse the current semester fee already paid.
Sponsor protection
  • In case the sponsor, who is taking care of the Insured Person tuition fees is injured resulting in his demise, the Company will reimburse the tuition fees.

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