Student Health Insurance: A Must-Have for College and University Students

To explain why it is a must-have option for you, we have simplified everything that you should know about student health insurance. So, read on! 

Why Student Health Insurance Is Essential 

Students' health insurance plans are especially designed for college and university students studying in India or abroad. Health issues rarely come with a warning, and they can impact anyone, including students. With the whopping healthcare costs, a visit to the doctor or a few days of hospitalisation can be stressful for you as well as your family, without medical coverage benefits.  

Student health insurance assists you in a medical crisis by offering monetary aid to get quality treatment and care. Along with in-hospital care, it will pay for pre- and post-hospitalisation, diagnostic tests, medication bills, and more, smoothly and seamlessly. That way, it acts as a financial safety net, ensuring your peace of mind and that of your family. So, do not focus on hospital bills but on your holistic well-being with the support of a tailored health insurance plan. 

Moreover, for students planning to study abroad, buying a student health insurance policy is essential. Many international colleges and universities make comprehensive medical coverage a mandatory requirement for admission.  

Medical Coverage Offered by Student Health Insurance Plans 

While coverage offered by a health insurance plan depends greatly on the kind of plan and the sum insured you choose, given below are common inclusions of the medical coverage offered by student health insurance plans. 

1. Cashless in-hospital treatments: Most health plans offer cashless in-hospital care for students studying in India and abroad. Here, the bills are settled directly by the insurer. You spend only on the uncovered expenses, if any.  
2. Emergency Services: Coverage when travelling in an ambulance, to the ER (Emergency Room), and in urgent care. 
3. Pre and post-hospitalisation: Cashless or reimbursement claim settlement up to the sum insured when expenses are incurred pre- and post-hospitalisation.  
4. Diagnostic tests: Covers expenses related to diagnostic tests, like X-Ray, CT Scan, MRI, lab tests, etc. 
5. Pre-existing diseases: After serving the waiting period, you can claim the treatment of pre-listed PED illnesses.  
6. Mental Health Services: Counselling, sessions and even psychiatric care. 
7. Preventive Care: Immunisations and annual screenings can be a part of the coverage. 

Types of Student Health Insurance Plans 

Here are the different plan options for you: 

1. Family Floater Plan 

Most health insurance companies allow students to join their family health insurance plan up to 25 years of age. Check the same if you already have a family health insurance plan.   

2. Group Health Insurance 

Often known as University Health Insurance Plans, these insurance policies provide extensive medical coverage to multiple students. These are considered more affordable than standalone policies. 

3. Standalone Health Insurance Plan 

Also known as individual health insurance policies, these are specifically tailored to your unique needs. By providing a wider range of personalised coverage, they ensure you can focus on your studies without worrying about financial strain. 

International Students and Health Insurance Policy 

For students studying abroad, having a student health insurance policy is essential to cover basic healthcare needs. Not only does it prepare for your low-risk educational endeavour, but it also ensures your financial well-being during medical emergencies. Overall, it will save you from falling into debt.