Health Insurance for Students

Some insurers offer health insurance plans to students to receive proper medical treatment in case of an accident or during an emergency hospitalization. Health insurance for students is not mandatory for students studying in India.

However, for students studying in foreign universities, health insurance is compulsory while pursuing courses abroad. Students must avail a health insurance plan when pursuing education courses away from homes, as it helps ensure insurance coverage in case of emergency hospitalization and reduces the out-of-pocket expenses.

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Health Insurance for Students

Why Students Need Health Insurance

Most of the family floater health insurance plans cover school kids and their parents. However, the health insurance plans do not offer coverage to dependent kids above 21 years of age. Student’s health insurance is mandatory to insure children, while they are pursuing education or are moving abroad for higher education.

A student’s health insurance is not mandatory. However it is highly recommended for students pursuing courses in other cities, away from their homes or students studying abroad. It helps cover the hospitalization expenses and insures kids in case of an unexpected accident or ailment.

For students studying abroad, the cost of availing health insurance in a foreign country is high. The medical bills and hospitalization costs incurred in a foreign country are enough to burn a hole in your pocket. So, if you have already availed health insurance, then medical bills would be settled, abroad. It will help you enjoy quality treatment at best network hospitals, as insurance companies have tie-ups with the best global hospitals across the World. The insurance premium is affordable and easily fits your budget. Health insurance is necessary for international students as sometimes university health insurance comes with restrictions.

See Also: Health Insurance Premium Calculator

Inclusions of Student’s Health Insurance Plans:

• Hospitalization expenses
• Out-patient expenses cover
• Accident and disability cover
• Educational grant
• School students cover
• College students cover

See Also: 4 Insurance Plans You Must Have

Benefits of Student’s Health Insurance:

Listed below are some of the important features of the student’s health insurance plan:

• It helps students avail insurance cover for medical treatment while studying in India or abroad.
• Student’s health insurance provides insurance cover for accidental death or in case of a permanent disability following an accident.

• The student’s health insurance can be availed at low premium and is significantly cheaper than most international university student insurance plans.
• These health insurance policies offer insurance cover for hospitalization in an accident. It also includes a limit for out-patient treatment for school and college students.
• Some health insurance policies also provide an education grant to the policyholder in case of death of the legal guardian/parents, which can be availed only for a specific time period.
• For students studying abroad, Indian medical insurance covers healthcare expenses along with benefits like sponsor protection, bail bond, compassionate visit, baggage loss, baggage delay, loss of passport, study interruption and so on.

See Also: Why Does One Need Health Insurance Policy?

Eligibility of Student’s Health Insurance:

The eligibility criteria for availing student’s health insurance plans are as follows:

• Students aged 3 to 18 years, can be covered under school medical insurance plans. Students aged between 15 to 25 years can be insured under college medical insurance. A student’s health insurance plan helps students get hospitalization cover, in case they are not covered under a family floater health insurance plan.
• The sum assured can be increased in multiples of Rs 10,000 and above. The maximum sum assured varies across people.
• You can avail a basic health insurance policy. You then increase the coverage using additional riders. These schemes can also be availed by schools, colleges and research institutions to insure students. 

How to Buy Student’s Health Insurance?

A student’s health insurance can be purchased online, through the insurance company’s website. You have to fill the application form with the right details and then submit for verification purposes as mentioned in the policy brochure.

You can make the payments through credit/debit card or net banking. You can also visit the nearest branch of the insurer and complete the purchase, via cheque payment. The policy documents are issued, emailed and couriered after the payment is done.

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