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

Imagine 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?

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
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

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    HealthCare FactThe 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: 02 August 2021
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    Health insurance articles

    Recent Articles
    Popular Articles
    Bid Goodbye to Seasonal Diseases during the Pandemic with 7 Basic Practices

    21 Sep 2021

    Adding to the insurmountable loss of life the ongoing COVID-19...
    What is the Survival Period in Health Insurance?

    21 Sep 2021

    The prevalence of critical diseases in India has increased...
    Health Insurance for Autoimmune Diseases in India

    16 Sep 2021

    Every human body comes with an immune system to fight against...
    Does Health Insurance Cover Multiple Sclerosis In India

    15 Sep 2021

    Due to a hectic lifestyle leading to unnecessary stress and...
    Critical Illness Insurance Policy For Stroke Patients In India

    14 Sep 2021

    Medical emergencies are unpredictable and it brings a lot of...
    Best Health Insurance Plans in India 2021
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Top Maternity Insurance Plans
    Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood...
    Top Family Health Insurance Policies in India 2021
    From the air we breathe to the food we eat; everything is intentionally or unintentionally subjected to...
    Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance
    There has always been a doubt in customers mind about whether the private company will keep its side of the bargain...
    Best Health Insurance Plans for Senior Citizens in 2021
    Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy...
    Download the Policybazaar app
    to manage all your insurance needs.