Indian Students Overseas Now Eligible for Insurance Cover for Visa Cancellations and Job Loss
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Indian students pursuing education abroad can now benefit from enhanced travel insurance policies that cover visa cancellations, job losses, and unforeseen emergencies. This new initiative by the Indian insurance providers is designed to offer financial stability and reassurance during unexpected disruptions. This move is a step forward in safeguarding students against the uncertainties of studying and working overseas.
Growing Demand for Domestic Insurance Policies Among Indian Students Abroad
With the rising number of Indian students heading to countries like the USA, UK, Canada, and Australia, the demand for tailored and cost-effective insurance solutions has increased. Many traditional international insurance plans are expensive and often fail to address the unique challenges faced by Indian students abroad. To fill this gap, Indian insurers have introduced student travel polices that are more affordable and offer broader coverage.
These new insurance plans go beyond basic health protection. They include benefits for visa-related issues like rejections or cancellations, job loss after graduation, and emergency situations like sudden returns to India. Some even cover accommodation expenses in case a student has to abruptly leave the host country.
One of the major advantages of these domestic plans is their affordability. Indian student insurance is generally much cheaper than international options. For instance, coverage worth $100,000 is available at significantly lower rates through Indian providers, making it a suitable option for budget-conscious students and families.
Leading companies like Bajaj Allianz General Insurance and ICICI Lombard have reported growing interest in these enhanced policies. More students are now seeking plans that include mental health support, coverage for emergency family visits, and job loss protection.
While some students still choose university-recommended insurance due to easier processing in foreign countries, the trend toward domestic insurance with expanded features continues to gain momentum. These policies are becoming an essential part of planning for education abroad, offering both security and savings.
Also Read: USA Opens Thousands of Student Visa Slots Across Indian Cities
Unlock Global Education Opportunities with GetGIS!
As more Indian students choose to study abroad, affordable and comprehensive insurance coverage is becoming a vital part of their preparation. These evolving policies ensure financial safety during unforeseen challenges. Connect with GetGIS to receive end-to-end support, from university selection and visa assistance to post-landing services, making your study abroad journey seamless and stress-free.
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