Many Indians prefer to study in Australia considering the country’s thrilling prospects. However, while planning the whole journey, taking education loans, choosing the accommodation, and applying for a visa, travel insurance gets overlooked. Student travel insurance for Australia is very essential to provide you coverage against sudden unforeseen circumstances. Read on to find more details.
| Major Providers | Features |
| ICICI Lombard | – Offers specialised plans for students -Provides comprehensive coverage plans -Maximum of up to 730 days |
| HDFC ERGO | -Coverage amount starting from USD 40,000 -Offers cashless benefits- 24/7 customer service |
| Tata AIG | -Plans start from INR 41.33 per day -Coverage offered in USD -Easy application process |
| Bajaj Allianz | -Offers three specific plans -Affordable premium plans -Duration up to 1 year, can be extended |
| Reliance General Insurance | -Sum insured from USD 50,000 to USD 500,000 -Duration up to 2 years, can be extended -Offers standard, silver, gold, and platinum plans |
| Future Generali | -Tuition fee refunds available -Offers quick claim settlements and reimbursements -No deductibles while making a claim |
| SBI General Insurance | -Offers quick payout process -Affordable premiums provide comprehensive coverage -Coverage of up to USD 500,000 |
Table of contents
Australian Student Travel Insurance
Moving to Australia for higher studies is a new experience. Being oblivious to new places, people, accommodations, and universities makes it challenging to overcome unknown situations. Sudden circumstances like medical emergencies, flight cancellations, lost/delayed luggage or others may arise at any time.
To overcome such unexpected expenses and disruptions, student travel insurance for Australia is important. It provides a safety net against these high costs by covering them. Besides, the cost of healthcare in Australia is very high, by opting for comprehensive Australian travel insurance, students can have peace of mind and financial protection.
Also Read: We have compiled a list of top private student loans for students going to study abroad.
Best Policy Providers for Student Travel Insurance
Multiple policy providers in India offer comprehensive and customised student travel insurance for Indians planning to study in Australia. They are also known for offering plans at competitive rates and hassle-free claim process. Let’s look at the top 10 student travel insurance for Australia-
ICICI Lombard
ICICI Lombard offers medical coverage, dental treatment, hospitalisation expenses, cancer screening, study interruption, lost/delayed baggage, and much more.
- Different plans like gold plan, plus plan, and bronze plan are offered.
- You can take Globetrotter- overseas students’ travel insurance to study in Australia.
- It can be taken for a maximum of 730 days and can be renewed thereafter if required.
- Overall coverage amounts from AUD 1,000 to AUD 100,000.
HDFC ERGO
You can choose HDFC ERGO’s student travel for Australia. Their plan covers medical plans, stay disruptions and baggage and travel-related risks.
- They offer customisable plans and round-the-clock assistance for a worry-free experience.
- It offers cashless benefits through multiple network hospitals.
- The policy covers Covid-19-related hospitalisation expenses.
- Overall coverage amounts from AUD 40,000 to AUD 1,000,000.
Tata AIG
Tata AIG Travel health insurance for students offers plans to cover the unique needs of every student. Besides covering for lost baggage and medical emergencies, it also reimburses the applicant if their studies are interrupted due to any unforeseen circumstances.
- Policies start from as low as INR 41.33 per day.
- You pay the premium in INR but get covered in USD.
- Easy and convenient ways to register your claim and track the status.
Bajaj Allianz
Bajaj Allianz offers many plans, including student travel insurance and Bajaj Allianz’s international health insurance for international students travelling to Australia or any other country.
- They offer three different types of plans- student companion plan, student elite plan, and student prime plan.
- The duration of the insurance is up to 1 year but can be extended.
- Covers pre and post-hospitalisation expenses, accidental OPD, travel expenses for family members, evacuation/repatriation, etc.
Reliance General Insurance
Reliance General offers student-specific plans and provides extensive coverage under student travel insurance for Australia and other abroad countries.
- Coverage for lost passport, baggage loss, study interruption, medical expenses, personal accident, etc. are covered.
- The sum insured is available from USD 50,000 to USD 500,000.
- The plan can be purchased for up to 2 years.
- Reliance travel insurance offers add-on benefits related to the treatment of various disorders that can be availed under the standard, silver, gold, and platinum plans.
Also Read: Check out the difference between Life Cover under loan insurance and Life Insurance Policy.
Future Generali
Future Generali student travel insurance for Australia is a good option to consider. Their Suraksha plan takes care of any unexpected expenses that might occur during the study-abroad duration.
- Tuition fees can be refunded if the hospitalisation duration is too long.
- Offers quick claim settlements and reimbursements.
- There are no deductibles while making a claim.
SBI General Insurance
SBI general insurance for students studying in Australia covers medical emergencies, loss of passport, baggage loss/ delay, and others. Their round-the-clock assistance makes it a preferred choice.
- Indian students on their study journey in Australia can take this insurance policy.
- The quick payout process and affordable premiums provide comprehensive coverage.
- Coverage of up to USD 500,000 is offered.
This was all about student travel insurance. Make sure, that when you are selecting a student travel insurance provider for Australia, consider factors such as coverage options, claim settlement process, customer support, affordability, and any specific requirements you may have. It’s essential to choose a reputable provider that offers comprehensive coverage tailored to your needs.
FAQs
It is not mandatory to take student travel insurance for Australia, but it is recommended for Indian students planning to study there. It provides financial protection against unforeseen circumstances like medical emergencies, trip cancellation, baggage loss/ delay, etc.
Student travel insurance for Australia provides comprehensive coverage for medical expenses, including hospitalisation and emergency evacuation, trip cancellation/ interruption, baggage loss/ delay, personal liability, and more.
The cost of student travel insurance for Australia depends on coverage limits. However, with providers like Tata AIG, plans start from as low as INR 41.33 per day but can go up based on the coverage chosen.
Some of the best student insurance policy providers when travelling to Australia are- ICICI Lombard, HDFC ERGO, Tata AIG, Bajaj Allianz, Reliance General Insurance, Future Generali, SBI General Insurance, etc.
Yes, some travel insurance policies have a limited duration. For example, the duration of Bajaj Allianz’s student travel insurance policy for Australia is up to 1 year but can be extended. This allows you to enjoy coverage benefits beyond the initial duration of your 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.
