Education planning : Planning to study abroad? Check with the foreign university before picking up an insurance cover

Dated : 3rd Sep, 2013
Source : ET

It is almost time for many students to pack their bags for foreign universities in the US, UK and Australia. In the backdrop of a fast depreciating rupee and gloomy economic scenario, some penny pinching would be a wise thing to do even before embarking on an exciting journey.

A health insurance policy is a great place to start your money-saving efforts, as you can buy a student health insurance cover in India with one-third of the premium you would pay for a similar cover in a foreign country. "Additionally, Indian travel cover ensures that students are covered round-the-clock for all in-patient and out-patient treatments when they are abroad.

Many individuals tend to opt for the cheapest cover as they are almost sure that a health cover is just a formality. However, this could prove a costly mistake because treatments abroad are extremely expensive and you would find it difficult to treat without a health cover.

Before buying a policy from an Indian insurer, check whether the benefits offered tally with your university's requirements

Read full article at : http://economictimes.indiatimes.com/news/nri/working-abroad/planning-to-study-abroad-check-with-the-foreign-university-before-picking-up-an-insurance-cover/articleshow/22240445.cms