Student Health Insurance
Student Health Insurance
Your little one means the world to you. As a parent, you ensure that you provide them with all the comfort, fulfil their wishes and help them attain the best education possible. Giving them a healthy, stress-free and protective life stays a priority among the many things as a parent. Having health insurance coverage is one of them.
When your child is young, you may include them in your family health insurance plan. However, when your child embarks on a more important academic journey, they may need a student health insurance plan. Along with the exceptional savings and investments made for their future education, it is also essential to prioritise their well-being, which may address any possible health risks.
The importance of having a medical insurance plan cannot be stressed enough. Apart from the array of benefits this product offers, including health insurance tax benefits, purchasing or renewing these policies has become a breeze, thanks to online processes. So, the next time you plan to buy mediclaim insurance, consider purchasing it from a reputed provider like Tata AIG. Our specially curated policies offer comprehensive coverage with quick and paperless processes at affordable rates.
What is Student Health Insurance?
Medical emergencies can strike unannounced and to anyone. Student health cover is a type of medical insurance that acts as a safety net for an insured student in case of medical emergencies. It is vital to ensure the insured receives the required medical treatment and care without any financial burden. Typically, a student's medical insurance covers medical expenses, hospitalisation, diagnostic and treatment, and other related expenses.
Having student insurance coverage can help insured students focus on their education without being burdened with financial challenges during medical emergencies. It gives them peace of mind and protects them from unforeseen health issues.
Who Should Buy a Student Medical Insurance Plan?
If your child is planning to study abroad, there may be a high possibility that the country of travel requires health insurance as a mandate. Even if it isn't, medical costs may be quite expensive in many countries, so a health insurance plan is necessary.
Also, due to a lack of awareness, many students studying abroad purchase health insurance from foreign countries for which they pay a heavy premium. However, getting covered under a health insurance plan in India can be more cost-effective.
Hence, students above 18 years, currently studying overseas or planning to study abroad must buy a student health insurance plan.
Benefits of Student Health Cover
Some of the general benefits of availing a student health cover include:
It shields students from exorbitant medical expenses, thus acting as a financial protector to them and their families in their time of need.
The plans also offer comprehensive coverage to the insured, ranging from pre and post-hospitalisation costs to medications, surgeries, etc.
It also provides the convenience of cashless treatment, thus enabling them to attain treatment at a network hospital without paying upfront.
Student medical insurance plans give peace of mind to the insured and encourage them to focus on their studies, ensuring they have easy access to quality medical care whenever needed.
These plans offer additional benefits, including dental care, emergency medical evacuation, continuing treatment following medical evacuation to India, etc.
Tata AIG's Student Guard - Overseas Health Insurance Plan
The Tata AIG Student Guard - Overseas Health Insurance Plan is a valuable travel insurance plan that can help protect you financially if you experience a medical emergency or other travel-related incident while studying or vacationing overseas. The plan is affordable and easy to apply for, and it provides comprehensive coverage for a wide range of risks.
Tata AIG's Plan is a comprehensive travel insurance plan that provides coverage for medical expenses, lost luggage, and other travel-related incidents. The plan is designed for students who are traveling overseas for study or vacation.
Some of the key features of the plan include:
Medical expense coverage: The plan provides coverage for medical expenses incurred due to accidents, illnesses, and other medical emergencies while traveling overseas.
Lost luggage coverage: The plan provides coverage for the cost of replacing lost or stolen luggage.
Baggage delay coverage: The plan provides coverage for the cost of essential expenses incurred if your luggage is delayed by more than 12 hours.
Medical evacuation coverage: The plan provides coverage for the cost of medical evacuation to India if you are critically ill or injured while traveling overseas.
Repatriation coverage: The plan provides coverage for the cost of repatriating your mortal remains to India if you die while traveling overseas.
Other benefits: The plan also includes a number of other benefits, such as legal assistance, travel accident insurance, and 24/7 emergency assistance.
Why Buy Health Insurance for Students from Tata AIG?
There are many reasons why you should buy health insurance for students from Tata AIG. Here are a few of the most important ones:
Tata AIG is a trusted brand with a long history of providing insurance products. The company has been in business for over 70 years and has a strong track record of claim settlement.
We offer a wide range of health insurance plans for students, so you can find one that fits your needs and budget. The plans offer coverage for a variety of medical expenses, including hospitalization, surgery, and medical tests.
We have a large network of hospitals and doctors across India, so you can be sure that you will have access to quality care if you need it. The company also offers 24/7 emergency assistance, so you can get help when you need it most.
We also have a high claim settlement ratio, which means that you are more likely to have your claims approved. The company's claim settlement ratio for health insurance plans was 94.43% in the financial year 2020-21.
Our plans are affordable and at times, we also provide a variety of discounts and benefits for students, such as discounts on premiums and free medical check-ups. These discounts can help you save money on your health insurance premiums.
If you are looking for a reliable and affordable health insurance plan for students, Tata AIG is a great option. We offer a wide range of plans to choose from, a large network of hospitals and doctors, and a high claim settlement ratio.
Conclusion
Tata AIG's Student Guard - Overseas Health Insurance Plan is a comprehensive travel insurance plan that can help protect students financially if they experience a medical emergency or other travel-related incident while studying or vacationing overseas.
The plan is affordable and easy to apply for, and it provides comprehensive coverage for a wide range of risks. If you are a student, or if your child is soon leaving for a different country to study, who is planning, we would recommend that you consider purchasing this health plan.
Reference links:
https://www.acko.com/health-insurance/student-health-insurance/
https://www.hdfcergo.com/blogs/health-insurance/important-reasons-for-students-to-get-health-insurance#:~:text=Meet%20mandatory%20requirements&text=Buying%20student%20health%20insurance%20in,overseas%20travel%20insurance%20for%20students.
https://www.sbilife.co.in/en/knowledge-centre/insurance-basics-financial-advice/benefits-of-health-insurance-for-students
https://www.icicilombard.com/blog/travel-insurance/ti/13-benefits-of-student-medical-insurance
https://www.bajajfinservmarkets.in/insurance/travel-insurance/student-health-insurance.html
https://www.bajajallianz.com/blog/health-insurance-articles/health-insurance-for-students.html
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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