How travel insurance complements student loans

24.01.2011 | Author: kanchan | Posted in Insurance
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Nearly every student wants to go abroad to study, not just for better career prospects, but for the experience as well. In case parents cannot afford to pay for the expenses, they can opt for student loans to help finance the child’s education abroad. However, if this is not feasible to the family, it is possible to gain scholarships and grants for college students. In most cases, scholarships and grants for college students are provided to those who are capable of excelling in studies. This provision gives students who are willing to work hard for their future a good opportunity to achieve their dreams.
However, scholarships and grants for college students are not enough to cover all the expense of studying abroad. In such cases, it is important to have student travel insurance to ensure all costs can be covered without any problems. <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Travel/Student/Gold_Plan.aspx” target=”_blank”>Student loans</a> for international studies can be for a big sum since education abroad along with the living expenses can be quite expensive. Since the financial situation of a student studying abroad is never comfortable, any additional expenses can place a lot of unwanted strain. While student loans and scholarships and grants for college students may be unable to cover most costs, student travel insurance, can provide coverage for emergency situations, leaving the student free to enjoy university life.
The most comprehensive protection afforded by the student travel insurance is in case of medical emergency. It is important to understand the difference between scholarships and grants for college students and student medical insurance. While the former makes it possible for students to go abroad and study, the latter takes care of other medical expenses. These are expenses incurred during the treatment of illness or injury, whether due to an accident or sports. If the student medical insurance plan includes cashless hospitalisation and the hospital is a part of the insurance company’s network, then the student need not arrange for cash to pay the hospital bills.
Student medical insurance can also cover mental healthcare since the stress of living alone combined with a heavy work load can be detrimental to a student’s mental health. The student medical insurance can also provide the flight expenses for a family member to come and stay with the student on compassionate grounds, in case of severe illness. If the illness is severe enough for the student to not be able to continue with the studies, the student medical insurance can also compensate the loss of fees. This can also cover the student loan in such a situation. Thus, if the student is unable to study due to illness, he can use the student medical insurance to repay the student loans.
Due to the decrease in risks of studying abroad through <a href=”http://www.icicilombard.com” target=”_blank”>student medical insurance</a> and student loans, more people are offering scholarships and grants for college students today. The benefits offered by insurance are also making it easier for aspiring students to gain suitable scholarships and grants for college students. This is helping a great deal to improve education for many students today.

Nearly every student wants to go abroad to study, not just for better career prospects, but for the experience as well. In case parents cannot afford to pay for the expenses, they can opt for student loans to help finance the child’s education abroad. However, if this is not feasible to the family, it is possible to gain scholarships and grants for college students. In most cases, scholarships and grants for college students are provided to those who are capable of excelling in studies. This provision gives students who are willing to work hard for their future a good opportunity to achieve their dreams. However, scholarships and grants for college students are not enough to cover all the expense of studying abroad. In such cases, it is important to have student travel insurance to ensure all costs can be covered without any problems. <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Travel/Student/Gold_Plan.aspx” target=”_blank”>Student loans</a> for international studies can be for a big sum since education abroad along with the living expenses can be quite expensive. Since the financial situation of a student studying abroad is never comfortable, any additional expenses can place a lot of unwanted strain. While student loans and scholarships and grants for college students may be unable to cover most costs, student travel insurance, can provide coverage for emergency situations, leaving the student free to enjoy university life. The most comprehensive protection afforded by the student travel insurance is in case of medical emergency. It is important to understand the difference between scholarships and grants for college students and student medical insurance. While the former makes it possible for students to go abroad and study, the latter takes care of other medical expenses. These are expenses incurred during the treatment of illness or injury, whether due to an accident or sports. If the student medical insurance plan includes cashless hospitalisation and the hospital is a part of the insurance company’s network, then the student need not arrange for cash to pay the hospital bills. Student medical insurance can also cover mental healthcare since the stress of living alone combined with a heavy work load can be detrimental to a student’s mental health. The student medical insurance can also provide the flight expenses for a family member to come and stay with the student on compassionate grounds, in case of severe illness. If the illness is severe enough for the student to not be able to continue with the studies, the student medical insurance can also compensate the loss of fees. This can also cover the student loan in such a situation. Thus, if the student is unable to study due to illness, he can use the student medical insurance to repay the student loans. Due to the decrease in risks of studying abroad through <a href=”http://www.icicilombard.com” target=”_blank”>student medical insurance</a> and student loans, more people are offering scholarships and grants for college students today. The benefits offered by insurance are also making it easier for aspiring students to gain suitable scholarships and grants for college students. This is helping a great deal to improve education for many students today.

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