Best Insurance Policy for Students 2021: List Travel Insurance, Medical Insurance, & Health Insurance

Going abroad to study in the top-most universities of the world is a dream of many students. Studying in an international university not only helps students to enhance their subject knowledge but also boosts their self-confidence and language skills. However, do you know, travelling to a new city can lead you to face many unforeseen circumstances? It is better for you to get yourself covered for all these unforeseen situations. The best way to do the same is to opt for a student insurance policy 2021.

The student insurance policy can give the peace of mind required to travel and study in a foreign country with ease. These insurance policies cover expenses for both medical and travel-related emergencies that you might have to face abroad. But, the question arises of which one is the best insurance policy for students in 2021. To trim down your choices, we are going to provide the list of top 10 insurance policies for Students in India 2021.

Top student insurance policy in India 2021

Before taking a student insurance policy it is important for you to understand each and every clause. You should what is covered and what is not covered in your insurance policy. Now, let’s discuss some of the top student insurance policies in India 2021.

  1. Bajaj Allianz Student Travel Insurance

Overview – The first policy on our list is Bajaj Allianz Student Travel Insurance. This policy covers almost all unpredictable expenses on behalf of the insured student while studying in a foreign country. The applicant doesn’t require taking any pre-policy medical health check-ups. Apart from this, an applicant may also opt for worldwide insurance coverage excluding or including the USA/ Canada. The policy has three variants – Student Elite Plan, Student Companion Plan, and Student Prime Plan.

Things covered under the policy

  • Loss of laptop
  • Accidental death & disability – common carrier
  • Personal liability
  • Medical expenses (includes evacuation, repatriation and dental pain relief)
  • Personal accident
  • Suicide
  • Bail bond insurance
  • Loss of passport
  • Tuition fee
  • Loss of check-in baggage
  • Accident to sponsor
  • Tuition Fee
  • In addition to this students with student elite plan can also extend the policy coverage to sports injury medical cover, treatment for nervous & mental disorder and treatment for dependency on drugs & alcohol
  1. Future Student Suraksha

Overview – To get all unforeseen circumstances covered while pursuing education abroad, you may opt for Future Student Suraksha Insurance. You are not required to undergo any Pre-acceptance medical tests in order to take this insurance. The applicants may opt for worldwide coverage, Asia pacific coverage excluding Japan, and worldwide coverage excluding the USA & Canada. The variants of this plan are – Basic, standard, silver, gold, and Platinum.

Things covered under the policy

  • Bail bond
  • Personal accident
  • Compassionate visit
  • Loss of passport
  • Personal liability
  • Medical expenses (including medical evacuation and repatriation)
  • Tuition fee
  • Emergency dental treatment
  • Sponsor protection
  • Treatment of mental & nervous disorder
  • Felonious assault
  • Maternity benefit
  1. Chola Student Travel Protection Plan

Overview – Another famous insurance plan among students is Chola Student Travel Protection Plan. This plan ensures the safety and well-being of a student while studying in a foreign country. There is no requirement to undergo any pre-acceptance medical tests in order to take this insurance.  Platinum, Gold, and Silver are the three variants of the Chola Student Travel Protection Plan.

Things covered under the policy

  • Dental treatment
  • Personal accident – overseas and domestic
  • Loss of passport
  • Sponsor protection
  • Medical expenses (includes repatriation of mortal remains)
  • Compassionate visit
  • Total loss of check-in baggage
  • Study interruption
  • Bail bond
  • Personal liability

Note: Those students who will buy the platinum plan will also get coverage for nervous/ mental disorder treatment, pregnancy-related hospitalization expenses, treatment of alcoholism, inter-collegiate sports injury treatment, childcare benefits up to 7 days and cancer screenings & mammography examinations.

  1. Bharti AXA Smart Traveller Student

Overview – Bharti AXA is a famous brand that offers a lot of insurance policies for all kind of people. It has a pretty good plan for students as well. One of its most popular insurance policies for students is Bharti AXA Smart Traveller Students. The policy covers almost all the mishaps that can take place abroad. However, the students with the pre-existing diseases may need to undergo a pre-policy check up. Four variants of this plan are standard, silver, gold, and platinum.

Things covered under the policy

  • Dental treatment
  • Study interruption
  • Personal accident
  • Bail bond
  • Medical expenses (includes medical evacuation and repatriation)
  • Sponsor protection
  • Personal liability
  • Compassionate visit
  • Loss of passport and documents
  • Accidental death & disability (common carrier)
  • Legal expenses

If interested, students can opt for additional coverage of mental & nervous disorder treatment, medical expenses related to pregnancy & childbirth and alcohol & drug dependency treatment on the payment of an additional 10% of the premium.

  1. HDFC ERGO Student Suraksha – Student Overseas Travel Insurance

Overview – HDFC ERGO Student Suraksha is an amazing insurance policy that ensures the complete safety and security of students who are insured. The students can opt for word-wide coverage with or without USA/ Canada. There is no requirement for an applicant to undergo any medical test before purchasing this policy.  The variants available under HDFC ERGO Student Suraksha plans are Standard, Silver, Bronze, Gold, and Platinum.

Things covered under the policy

  • Dental treatment
  • Compassionate visit
  • Bail bond
  • Emergency medical expenses (includes medical evacuation and repatriation)
  • Loss of passport
  • Accidental death
  • Loss/ delay of check-in baggage
  • Permanent total disability
  • Personal liability
  • Sponsor protection
  • Study interruption

Apart from the benefits mentioned above, additional coverage can also be provided for pregnancy-related hospitalization, childcare benefits, nervous & mental disorder treatment, cancer screenings & mammography examination and treatment of dependency on alcohol & drugs.

  1. National Overseas Mediclaim Employment and Studies

Overview – Another insurance policy that a student can choose is Overseas Mediclaim Employment and Studies by National Insurance Travel Insurance. It covers all kinds of mishaps that can take place with a student while pursuing his education abroad. Students have the facility to opt for worldwide coverage with/ without Canada or the USA

Things covered under the policy

  • Medical Illness
  • Contingency Insurance
  • Loss/ Delay of Check-in baggage
  • Medical Evacuation
  • Repatriation
  • Medical Emergency Renuion
  1. HDFC ERGO Health Educare

Overview – HDFC ERGO Health Educare is a magnificent insurance policy for students travelling abroad for higher studies. A large number of uncertainties are covered under the policy. Students can opt for the worldwide coverage, Asiapac coverage (it also includes Australia) and worldwide coverage (without the US and Canada). The variants of this plan are Bronze, silver, Gold, and Platinum.

Things covered under the policy

  • Dental treatment
  • Personal accident
  • Total loss/ delay of check-in baggage
  • Felonious assault
  • Medical treatment
  • Medical evacuation and repatriation
  • Maternity & childcare benefits
  • Compassionate visit
  • Personal liability
  • Loss of passport
  • Sponsor protection
  • Study interruption
  • Bail bond

Insured students can also opt for additional benefits including mental & nervous disorder treatment, cancer screenings & mammography examination treatment of alcoholism & drug dependency, and inter-collegiate sports injury treatment.

  1. Reliance Student Travel Insurance Plan

Overview – This insurance policy is the best in case the student faces any financial crisis while studying in a foreign country. There is no need for applicants to indulge in complex paperwork or take any medical test. 24-hour emergency service is another benefit of this plan. This insurance plan has the following variants – Basic, Standard, Silver, Gold and Platinum.

Things covered under the policy

  • Loss of passport
  • Compassionate visit
  • Bail bond
  • Medical expenses (includes medical evacuation, transportation, repatriation of mortal remains and pre-existing diseases under life-threatening conditions
  • Personal liability
  • Study interruption
  • Sponsor protection
  • Personal accident
  • Dental treatment
  • Accidental death – common carrier

Those students who opt for Standard, Silver, Gold or Platinum plans can also avail coverage for drug & alcohol dependency treatment, mental & nervous disorder treatment, inter-collegiate sports injuries treatment, child care and cancer screenings & mammographic examination, and pregnancy-related hospitalization.

  1. Tata AIG Student Guard – Overseas Health Insurance Policy

Overview – TATA AIG Student Guard is an awesome insurance plan that provides complete coverage against all travel and health worries while studying abroad. The plan provides flexibility to select between a single trip insurance plan and annual trip insurance plan. Apart from this, the coverage may include or exclude America as per convenience. The variants of this plan are as follows – Plan A, Plan B, Ultimate, Ultimate Plus and Supreme.

Things covered under the policy

  • Maternity & child care benefit
  • Personal liability
  • Study interruption
  • Cancer screenings and mammography examination
  • Sponsor protection
  • Accident & sickness medical expenses (includes pre-existing conditions under life-threatening condition)
  • Loss of passport
  • Dental pain treatment
  • Bail bond
  • Fraudulent charges for payment card security
  • Felonious assault
  • Compassionate visit
  1. Star Student Travel Protect Insurance

 Overview – The Start student travel protect insurance is an excellent policy that is designed meticulously to provide protection and peace of mind against a medical and non-medical crisis that a student might have to face aboard. The variants of Star Student Travel Protect Insurance are Standard, Gold, and Silver.

Things covered under the policy

  • Personal accident
  • Compassionate visit
  • Loss of check-in baggage
  • Emergency medical expenses (includes medical transportation and mortal remains transportation)
  • Sponsor protection
  • Dental emergency assistance
  • Study interruption
  • Bail bond
  • Personal liability
  • Loss of passport

Eligibility and Policy Terms of Top insurance policies for Students 2021

Now, let’s check out the eligibility and policy terms of the best insurance policies for students 2021.

Name of the insurance policyEligibility Criteria (Age Limit)Policy Term
Bajaj Allianz Student Travel Insurance16 years to 35 yearsUp to 3 years
Future Student Suraksha18 years to 35 years30 days to 2 years
Chola Student Travel Protection Plan16 years to 35 years1 year
Bharti AXA Smart Traveller Student16 years to 40 years30 days to 2 years
HDFC ERGO Student Suraksha – Student Overseas Travel Insurance16 years to 35 years30 days to 2 years
National Overseas Mediclaim Employment and Studies
HDFC ERGO Health Educare10 years to 50 years30 days to 3 years
Reliance Student Travel Insurance Plan16 years to 35 yearsUp to 2 years
Tata AIG Student Guard – Overseas Health Insurance Policy16 years to 35 yearsUp to 365 years

 

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