Bajaj Allianz International Health Insurance for Students: Get a Quick Overview

Bajaj Allianz International Health Insurance
Home » Insurance » Bajaj Allianz International Health Insurance for Students: Get a Quick Overview

Health Insurance is one of the most essential things of your study abroad plan. It is considered as a part of the application process. While applying to any colleges in the UK, USA, or any other country you will require health insurance as it is a mandatory process.

Bajaj Allianz Health insurance for international students is a good option as they process the claims faster and most of the services are available online. The policy covers hospitalisation expenses, medical bills, doctor’s visits, etc. Making an insurance claim in such situations is very helpful as your budget to study abroad will not be hampered and a cash crunch situation will be averted. Read the complete blog to know in detail about Bajaj Allianz health insurance for students studying abroad. 

Bajaj Allianz Health Insurance for International Students: Key Highlights

Medical expenses can be quite expensive in some countries. It may cost around 3 times more as compared to expenses in India. Bajaj Allianz health insurance for international students comes with multiple benefits and is easy to buy. Check some of the major highlights of the Bajaj student health insurance plan:

ParticularsDetails
Mode of ApplicationOnline
Mode of Claim Online 
Age Limit16 to 35 years
Duration of Insurance1 year (can be extended if required)
Types of policiesTravel Plan StudentStudent Elite PlanStudy Companion Plan
Inclusions Pre and post-hospitalisation expenses, Accidental OPD, Travel expenses for family members, Evacuation/Repatriation, Payment of a substantial amount to the university in case of dismissal of earning parent etc. 
ExclusionsTreatment of pre-existing disease/illness, dental and vision impairment, injuries that occurred due to sport, and STDs. 

Also Read: Check here all about Bajaj Finserv Balance transfer for education loan

Major Benefits of Bajaj Allianz International Health Insurance 

Bajaj Allianz Health insurance for international students provides a plethora of benefits to the insured. It covers all the hospitalisation expenses on a cashless basis. All the bills of the hospital will be paid directly by the insurer. In case of accidents the damage to the third party is also covered under the policy. Check more benefits below:

  • Complete Cashless Hospitalisation: In case you suffer an accident and are admitted to the hospital you will walk out without paying anything to the hospital. All the settlements will be done by the insurer. However, it is advised that the candidates should be admitted to one of the network hospitals associated with Bajaj Allianz.
  • Travel and Health Plan in One Policy: Most of the policies offered by Bajaj Allianz Insurance come with a combined benefit of travel and health. From reimbursement of fees to hospitalisation coverage, they do it all. One of those policies is Travel Plan Student (Silver and Gold). 
  • Non-Medical Emergency Cover: Bajaj Allianz health insurance for students studying abroad covers most of the non-medical emergencies as well. The students will be covered for unfortunate circumstances like loss of passport, baggage delay, dismissal of earning parent, study interruption, etc. 
  • Mandatory Category Cover: A lot of universities demand travel insurance in order to cover medical aspects. The Bajaj Allianz overseas student health insurance covers such aspects under health insurance. 
  • Safeguarding from Personal Liberty: The policy covers damage to the third party in case of an accident. It also covers the expenses in case of a lawsuit filed against the student and helps with the bail charges, if arrested. This is indeed one of the most important benefits as accidents can occur anywhere anytime. The charges in context to the law are very serious in some countries and getting help on the spot from the insurer is a big relief. 
  • Repatriation of Mortal Remains: Bajaj Allianz health insurance for international students also covers the cost of repatriation of the mortal remains of the insured. 

Bajaj Allianz Health Insurance for International Students: Types of Plans

It is important to know the complete details of any kind of insurance policy. Understanding the categories, plans, terms, and conditions of Bajaj Allianz overseas student health insurance will help you decide the right policy. Check the detailed Bajaj Allianz insurance policy details here:

Travel Plan Student (Silver and Gold)

Bajaj Allianz Health Insurance for international students offers the policy i.e. Travel Plan Student at an easily affordable cost. This policy consists of combined benefits of travel and health. The covered categories under this plan are medical emergency, evacuation, emergency dental pain relief, repatriation, family visits, etc. For a policy cover of up to 1 lakh USD (INR 83 lakh approx) under the silver category the students need to pay a yearly premium of around INR 14000.00 (subject to change based upon the company policy and additional requirements). Under the Gold category, the policy provides 2 lakh USD (INR 1.66 crores approx) and the premium amount will be around INR 19,000. The insurance will be valid for 1 year and can be renewed by paying the premium amount again. 

Note: The details in the above-mentioned plan are based upon the requirements in colleges in USA. Candidates are advised to check details for other countries and the current price with the company.

Bajaj Allianz Student Elite Plan

The Student Elite Plan is a customised health insurance policy for students. It covers reimbursement of the tuition fee paid in advance in case the student discontinues his/her study due to medical conditions. This plan comes with the maximum benefits required for a student under health coverage. Check more details below:

  • In case of the death or permanent disability of the mentioned sponsor, the company will reimburse the remaining school fee (subject to the limit mentioned in the plan).
  • In case the student has been hospitalised and the doctor recommends the necessary attendance of a family member then the airfare for that member will be paid by the insurer. 
  • In addition to the sum insured under the Personal Accident section, the insurer will pay the amount specified in the schedule, in case the insured sustains accidental injury during travel by a common carrier; and the same takes place within 12 months of the date upon which it was sustained and resulted in the insured’s death/loss of two eyes, two limbs, one limb and one eye.
  • In case the student is arrested on law-breaking charges the insurer will pay the entire bail amount.

Also Read: Want a personal loan for studies? Check here all about Bajaj Finserv Personal Loan for Education

Bajaj Allianz Study Companion Plan

Study companion plan is another customized health insurance plan for international students. This plan basically comes with three categories i.e. Standard, Gold, and Silver. The categories are bifurcated on the basis of the sum insured, premium amount, and other criteria. 

  • The student can claim the current semester fee reimbursement (subject to the maximum limit mentioned) in case of discontinuation due to a medical condition.
  • If the sponsor mentioned in the policy is injured or died by accident during the policy period, the insurer will reimburse the remaining school fees.
  • Air ticket for attendant after doctor’s advice in case the student is hospitalised for serious medical conditions. 

Documents Required for Bajaj Allianz Health Insurance

There are several important documents and other information that the company may ask for at the time of buying the insurance policy. The details shall be shared only with the authorized representative of the company or on the official website. Candidates are advised to keep the below-mentioned documents handy:

  • Passport (required to note passport number)
  • PAN Card
  • Details of University and the Country
  • Copy of application

Important Guidelines Regarding Baja Allianz Health Insurance for International Students 

Health insurance is a part of the application process for any foreign university. Students planning to study abroad are required to get health insurance prior to admission. While considering Bajaj Allianz health insurance the student must check all the terms and conditions provided by the company. Understanding each and every plan, details about the premium, claim amount, etc. is important in order to avoid any conflicts later. 

  • Read all the terms and conditions mentioned in the policy.
  • Do not sign anywhere digitally or physically without reading and understanding.
  • Go through the university guidelines and explain the requirements to the insurer in order to get the policy customized.
  • Check the validity period properly and the rules for its extension. 
  • Always buy the plan from trusted merchants or the official website.

This was all the major details on Bajaj Allianz international health insurance for students travelling abroad. Always check in detail about all the different policies offered by Bajaj Allianz and then finalise the best-suited policy for you. Check some common frequently asked questions on Bajaj Allianz international health insurance.

FAQs

What is Bajaj Allianz international health insurance?

Bajaj Allianz International Health Insurance is a product designed for international students travelling to a foreign country for studies.

Does Bajaj Allianz International health insurance provide cashless services?

Yes. Bajaj Allianz International Health Insurance provides cashless services if you are getting treatment to a network hospital listed by Bajaj Allianz.

Can I choose my coverage limit while customisation?

The coverage limit varies depending on the categories and the plans. You can choose the best-suited sum insured as per your requirements. 

What is the process of a cashless claim for Bajaj Allianz Health insurance for international students?

You are required to visit any network hospital associated with Bajaj Allianz. All the bills will be paid directly by the company and you will walk out after your treatment freely. No amount is required to be paid by the insured (subject to the limit mentioned in the policy).

Can I renew my policy if the period of study is extended?

You can contact the insurer to extend the duration of the policy. A certain amount will be required to be paid in order to extend the policy. Students are directed to check all such conditions while buying the policy.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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