Recognizing the unique challenges facing Indian students abroad, insurers have developed policies that go beyond traditional medical coverage. These plans now include provisions for:

Revocation or cancellation of visas: Financial protection in cases where a student’s visa is unexpectedly revoked or canceled.

Loss of work after graduation: Coverage for students who lose job opportunities after study, especially in programs such as optional practical training (OPT).

Emergency situations: Assistance with unexpected emergencies, including accommodation expenses and return travel costs if students are advised to abandon their host country suddenly.

Profitable alternatives to international plans

Indian student travel insurance policies are significantly cheaper compared to international counterparts. For example, an insured policy of $ 100,000 for two years can cost approximately ₹ 33,000 in India, while similar plans abroad can exceed ₹ 3 LAKH per year.

This affordability allows students and their families to opt for higher amounts of coverage, and many choose plans ranging from $ 100,000 to $ 1 million.

Flexibility and customization

Insurers such as Icici Lombard and Bajaj Allianz offer flexible plans adapted to the needs of students. Complementary covers include maternity benefits, cancer detection, treatment for substance dependence and medical coverage for intercollegial lesions.

These customizable options ensure that students can select coverage that is aligned with their specific requirements and the potential risks associated with the study from abroad.

Despite the benefits of Indian insurance policies, some students prefer foreign policies recommended by the University for easier claim agreements.

The educational consultants suggest a hybrid approach: start with an Indian policy in the short term when leaving, followed by registration in plans sponsored by the university upon arrival.

This strategy provides immediate coverage during transit and the initial agreement, which guarantees comprehensive protection during the entire study period.

Growing demand amid global uncertainties

The demand for student insurance policies has seen a substantial increase during the past year, correlating with the growing number of Indian students seeking education abroad. Countries like the United States, Canada, the United Kingdom and Germany continue to be the main destinations, which leads insurers to adapt and expand their offers to meet evolution needs.

For Indian students who plan to study abroad, these new insurance policies offer a security network against unforeseen challenges, which provide peace of both students and their families.