Get <strong>₹5 Lac</strong> Health Insurance starts <strong>@ ₹315/<span>month*</span></strong>
Get ₹5 Lac Health Insurance starts @ ₹315/month*
Get ₹5 Lac Health Insurance starts @ ₹315/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

HealthCare Fact Check-If Your Child is Headed Abroad for Studies

HealthCare FactImagine this scenario: Your 22-year-old daughter is traveling to the U.S. to pursue a degree in Earth and Environmental Science Journalism, and you choose not to opt for a domestic insurance and rather decide to take one from the U.S. Would that be a sensible move by you?

The most important thing to remember here is that each student traveling abroad, especially to popular destinations like Australia, US, or Canada, requires a health insurance.

However, let us make a comparison here to learn the difference in expenses if you opt for a domestic insurance instead of the one offered by the university.


A domestic health insurance can provide you coverage worth $500,000 at an approximate annual premium of Rs 47,000, whereas a basic health insurance at a US university worth $300,000 will cost you almost thrice the amount.

Why is it sensible to choose a domestic health insurance?

Medical care is an expensive affair, especially if you are overseas. In the US, medical bills can run very high and inadequate health insurance coverage can burn a hole in your pocket. When you conduct a research into the insurance offered by the foreign universities, you will see that not only is the coverage expensive, but also can be inadequate.

Should you buy insurance even if it is not mandatory in universities abroad?

There are several universities in the UK and universities closer home like those in Singapore and Malaysia where insurance is not compulsory. However, is not a wise decision to send your child abroad without a health or travel insurance just to ensure that your child stays protected in case of emergencies.

What if the university does not accept policies taken from the home country?

There are several foreign universities that do not provide you with the option to carry a domestic insurance. Then, you have to take the policy they are offering to you. In that case, before sending your child to the university, explore the coverage offered by the selected university, and then buy a domestic insurance policy to cover the areas this does not cover, like travel insurance, third-party liabilities, and sponsor protection.

Factors you should keep in mind before choosing the right policy

When you have the option to buy health insurance from your home country, the insurance policy should be such that it covers possibilities of all medical costs and emergencies during the entire period of your stay.  Check the list of hospitals your insurer covers and their proximity to the campus where your child will be staying. Also, consider checking other important aspects like insuring personal liability, accidents, the loss of baggage, which would be automatically included if you purchased a comprehensive health insurance plan.

Many insurers are now providing facilities within their insurance policies that takes into account the damage done to the student’s property, in cases of racial discrimination or felony, and assault, compassionate visit of a family member, in case of hospitalization of the student, and reimbursement of the tuition fees in case the student is unable to complete the course for medical reasons.

Taking the leap

After you have made an assessment of all the aspects you need covered in the policy for your child, make sure you study the terms and conditions associated with it carefully. Often you may find that an insurer is charging high premiums while selling you the policy, but in reality, you may encounter several problems when you need to make a claim.

Make sure the policy you choose is efficient, comprehensive, and flexible in order to avoid any hassle in the future.

Written By: PolicyBazaar - Updated: 15 May 2020
1,583,792 Confirmed Cases in India*
18,410,580 Confirmed Cases worldwide*
662,356 Confirmed deaths worldwide*
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Sign up for newsletter
Sign up our newsletter and get email about health plans.

You May Also Want to Know About

Best Health Insurance Plans in India

Best Health Insurance Plans in India

Health insurance is amongst the most intricate insurance products, as it comes with numerous riders and benefits, and hence, there are so many variants to it. The insurance marketplace nationwide is quite competitive. You must consider comparing th...
Best Health Insurance Companies in India

Best Health Insurance Companies in India

Every year, a list of top health insurance companies in India is declared which helps in taking the right insurance decision. There are few important features that help it to rate the insurance companies, such as their performances, Incurred Claim ...
Top Maternity Insurance Plans

Top Maternity Insurance Plans

Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requirements of a growing baby. From ho...
Top Family Health Insurance Policies in India 2020

Top Family Health Insurance Policies in India 2020

From the air we breathe to the food we eat; everything is intentionally or unintentionally subjected to adulteration. Due to this, the disease rate in India is rising drastically. Naturally, more and more people are visiting hospitals frequently. A...
Health Insurance for Parents

Health Insurance for Parents

Are you planning to buy health insurance for your parents? Well, the Indian Insurance market is currently flooded with healthcare plans specifically designed for senior citizens or elderly parents above 60 years. And many insurance providers also o...