Student Health Insurance

Comprehensive Guide to Health Insurance for Students in India

A health insurance policy is an assurance that offers quick financial aid in case any medical emergency occurs. It refers to a contract between a policyholder and the insurance company that includes medical expenses that may happen because of the illness, injury, or accident. People from all sectors and backgrounds need health insurance for their medical emergencies. Similarly, the best health insurance for students studying abroad is also needed. 

General health insurance provides financial coverage for costs related to hospitalization, critical illnesses, daily treatments, and other medical expenses. 

 
What is Student Health Insurance? 

Student health insurance safeguards students from the financial burden of medical emergencies while studying. It could help students concentrate on their education without worrying about healthcare expenses. Medical insurance for students studying abroad is also needed, as student health insurance abroad will help them meet their medical needs during medical emergencies. 

Why is a student insurance policy for health needed?

Student health insurance is significant as it protects students financially from medical expenses. It makes them to hassle freely concentrate on their studies. 

Factors Determining Best Health Insurance for Students Studying Abroad

Medical insurance for Indian students studying abroad may depend on many factors. While selecting medical insurance for students studying abroad, you could consider factors like: 

1.Cost: Plan costs that include deductibles, copays and premiums. 
2.Coverage: Check if the plan includes consultations, surgeries, diagnostic tests, and post-illness recovery. 
3.Duration: Check if the plan covers the whole period of your studies and any grace period after you complete it. 
4.Network Hospital List: Check to see if the health plan has a network of preferred healthcare givers or if you can choose any medical professional. 
5.Additional benefits: Check if the plan includes mental health services, eye care, dental care, and preventive healthcare. 
6.Emergency shifting: See if the plan covers the costs if you move to abroad facilities from local facilities.
7.Dislocation care: Check if the plan covers out-of-area care and if you require emergency medical attention outside your coverage area. 
8.Study Disturbance: Find out if your medical insurance for students studying abroad offers monetary compensation if you must interrupt your studies because of hospitalization. 
9.Government Consent: If your plan is government-directed, check for government approval. 
10.Reliability: Check if you select a trusted and reputable health insurance company for buying your best health insurance for students studying abroad. 

Difference between Student Health Insurance India and Health Insurance for Students Studying Abroad

Student insurance in India doesn't cover health treatment, while student health insurance for studying abroad offers health coverage in a foreign country. 

1) Student Insurance Policy India For Health
For example, study insurance in India does not cover many expenses for a study plan abroad; student health insurance policy in India also does not cover health treatment abroad, though the policy gives international coverage. 

2) Student Health Insurance for Studying Abroad
Study abroad health insurance offers medical coverage and financial protection for students studying abroad. Study abroad medical insurance may help meet the unique medical requirements of students in a foreign country. 

Student Health Insurance in India

The best health insurance for students in India is determined by the below-given factors: 

1) Coverage: Check if different plans offer coverage advantages.
2) Network hospitals: After you choose from a long list of health plans, check whether your preferred hospitals and doctors are in their hospital network.
3) Claim settlement ratio: Find an insurer with a high claim-settlement ratio. The claim-settlement ratio is defined as the number of claims that have been settled by the insurance provider divided by the total received claims.
4) Insured Sum: Select a medical policy that offers the best health coverage amount concerning the sum insured. This will be the maximum amount of coverage that the insurer will offer you. 
5) Copay: A copay refers to a fixed amount that a health insurance policyholder offers from his own money for a covered medical prescription or service. If your health insurance plan has a copay clause, it must contribute towards claim settlement.
6) Compare plans: Compare different plans according to their coverage and advantages to choose the best ways to pick the right health policy. 
7) Additional benefits:  Some health insurance policies might give some distinct features, so look for additional features. A few comprehensive student plans cover additional benefits like dental treatment or international emergency assistance.
8) Claim process: See the policy wordings and check the health insurance claim process that is followed by the insurance company. 
9) Choose a plan with lifetime renewability: Select a policy with lifetime renewability. When you choose a health insurance policy, confirm once to check for how many years the policy will cover you or whether it provides. 
10) Higher sub-limits: Select a health plan with higher or no sub-limits for many categories of expenses. Health plans may have sub-limits on different expenses such as room rent, ICU room rent, domiciliary treatments, AYUSH coverage, etc. 
11) Cashless hospitalization: Cashless treatment in network hospitals is affordable and convenient. Health insurance companies will have a connection with network hospitals where insured members can get cashless treatment during a medical emergency. 
12) Pre- and post-hospitalization: Many health policies include medical expenses during hospitalization. However, some health insurance plans include the costs of diagnostic tests and OPD only up to a certain number of days. 
13) Premium: Your health insurance policy's premium is affected by many factors, such as age, place, medical history, etc. See the premium paid versus the coverage provided.
14) Prefer family floater plans: Family floater plans cover the full family in a single policy, making them cost-effective. If you want to buy insurance for the whole family, then go for a family floater plan rather than buying individual health policies. 
15) Waiting period: A waiting period is a period when particular coverage is not admissible. A few may give a lower waiting period for pre-existing diseases, while some might include critical illnesses.
16) The health insurance coverage: It is important to understand the health insurance plan you're planning to buy fully. Select a medical policy that gives good coverage in terms of the sum insured. 
17) The waiting period clause: If you know about the waiting period clause, then you can decide about the plans accordingly. The waiting period is a type of hibernation period at which no claims will be admissible. 
18) Cashless treatment: Cashless claims can be raised only at a network hospital in the list of your health policy, but if you get treatment at a non-network hospital, you can pay the bills directly or upfront. Several student health insurance plans give hassle-free, cashless treatment. 
19) Consider your budget: Choose a health insurance policy that suits your budget. Ensure that you understand the plan's coverage and how it will affect your budget. 
20) Coverage of maternity expenses: Some people who are in higher studies may not think about the maternity benefits in a health insurance policy, which is a common mistake that many make. Not being able to include financial expenses for yourself and your loved ones during a medical emergency is irreversible. 
21) Discounts: Health insurance plans permit many types of discounts to lure customers. Some health insurance companies offer discounts on online payments or if you pay the premium for many years together—both for new purchases. 
22) Inclusions and exclusions: Read carefully the plan's inclusions and exclusions. You must understand what a health policy covers and does not cover.
23) Look for insurers: Many insurers permit children to be under a family floater plan up to the age of 25, though this could differ. At the time of selecting a health plan, look for any sub-limits or co-payment clauses. 
24) Lowest ped waiting period: Consider the pre-existing disease (PED) waiting period while selecting a health plan. The add-on might include covering consumables, hospital cash, reinstatement of Sum Insured, etc.

Here we are proud to inform you that Star Health Insurance offers some amazing health insurance plans for students. Our Star Student Travel Protect Insurance Policy (UIN: IRDA/NL-HLT/SHAI/P-T/V.I/142/13-14) is dedicated to students who want to study abroad; it covers expenses occurring because of any medical emergencies, travel inconveniences, and study period.  

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