Special Riders to make your Student Travel Insurance Plan more Value Added
Apart from the basic covers, there are various riders which can make your policy more comprehensive and can be added if the university asks for them. These are –
- Adventure Sports Injury Rider
- Maternity Cover
- Mental & Nervous Disorder cover
- Alcoholism & Drug Cover
- Cancer Screening
- Pre-existing disease cover in life threatening conditions
- Vision Care
- Self-Inflicted Injury Cover
- HIV/Aids Cover
These riders are available with almost all Indian insurance companies. However, these become important at the time of claim settlement. As all the Indian insurance providers have their local tie-ups with American insurance providers and health care units, the claim settlement is easy, hassle-free and gives peace of mind to the students as well as to their parents.
- Religare Health Insurance has a tie-up with FALCK Global assistance which is a USA-based claims processing company which helps in claim settlements and makes the procedure easy and hassle-free.
- HDFC Ergo has a partnership with Ergo which is a Germany-based company, having branches in the US, and thus makes the claim settlement quick.
- Bajaj Allianz has a partnership with Allianz, which is a Germany-based company with a branch in USA, and hence makes the claim settlement easy.
- Tata AIG has a partnership with AIG (American International Group) which is a leading insurance company in the USA, making the claim settlement hassle-free for students there.
Also, there are many other Indian insurance providers, with tie-ups with some of the best quality healthcare service providers and can provide cashless settlements across the US, Canada, the UK, Europe, Australia, New Zealand, Singapore, Japan, China, and the rest of the world.
What determines the Premium you pay for your Insurance?
The premium is determined by the duration of the policy, and by the country you are going to study in. There is 50 to 60% hike in the premium amount if travelling to the US or Canada compared to the rest of the world, as the medical costs in the US and Canada are higher than in any other place in the world.
What is a Deductible?
Deductible is a cost-sharing requirement under a health insurance policy that provides that the insurer will not be liable for a specified amount (in USD or Euro) in case of indemnity policies which will apply before any benefit or optional cover are payable by the insurer. Deductible cannot be waived off.