Substitute Insurance

Overseas education and scholarships no longer remain mere dreams for ambitious students now. But what happens to you, when you need urgent medical attention in foreign shores? You will need the international students insurance, of course!

This policy is ideal for overseas students who live in a regulated budget. This insurance policy conditionally remits all medical expenditures incurred by a student during the overseas studentship tenure. However, the overseas student is granted the lucrative insurance cover only if the claim adheres to certain exclusionary clauses.

An injury or illness will be disqualified for insurance cover if the company is not furnished with related documents within 3 months of medical treatment. Pre-existing conditions, which needed diagnosis/ treatment in the look-back period, are covered by the policy. The look back period could range from 6 to 24 months before the commencement of the policy tenure.

Medical treatments that are of an unnecessary nature are not covered by the insurance for international students. This would immediately exclude any operations or treatments for cosmetic modifications. It also includes treatments undertaken for scientific study or in the pursuit of any experimental objective.

Expenses incurred from unnecessary medical treatments, like cosmetic and beautification surgeries are not offered insurance cover. Financial benefits of the insurance policy are also denied to treatments taken for scientific research and experiment. Expenditure incurred during availing treatment without a doctor?s prescription is not remitted by the insurance policy. So, avoid consulting quacks or indulging in self-treatments.

The insurance policy does not extend its financial cover to treat students who were injured while consciously violating the law. Injuries sustained in military or civil strife, or while pursuing activities detrimental to the state are not extended financial benefits by the policy. Injuries incurred in conscious violation of curfew or police prohibition orders are not granted financial cover for treatment.

Any treatment in the nature of alternative/ traditional/ experimental medication is denied insurance cover benefits. This exclusionary clause also repudiates sensory therapeutic treatment like aromatherapy and music therapy. Self treatments, consultations with quacks and random over-the-counter medications are not covered as well.

The insurance cover does not apply to injuries sustained while pursuing high risk activities like adventure sports. Students who wish to engage in sports in hazardous environments are required to choose additional insurance policy coverage. These, effectively are some of the primary clauses that repudiate the International student medical insurance.

If you are a student going abroad for pursuing academics then take a moment to ponder on the need of medical insurance for international students. It is common for students to meet with medical emergencies. However if you are an insured international student then most of your medical expenses would be borne by medical insurance for international students.

Your medical bills, however, would not be fully borne by the insurance company from the very outset. In order to be eligible for claiming insurance cover you will first have to pay a certain portion of the bill. Only after that would the insurance for international students start paying a part of the rest of the bill. This amount of money which is paid by you during medical emergencies is known as deductibles.

Once the deductible is met, the insurance company pays a percentage of the expenses, this is called Coinsurance. Typically comprehensive international insurance plans cover 80% of the first $5000 of the expenses, and 100% thereafter.

Usually deductibles range between $0 and $2,500. The higher the amount of deductible, lower is the premium payable, and vice-versa. Cover against relatively minor emergencies is avoided by the international student?s medical insurance through the inclusion of deductible. This promotes the insured to avail medical treatments only when necessary and not otherwise.

Suppose you have purchased insurance for international students with a deductible of $200. In that case, you will first have to pay $200 towards your medical bill for medical emergencies. This qualifies you for claiming the remaining bill amount from your medical insurance company.

International insurance for students put aside the deductibles if the primary treatment is taken at the University?s Student Health Centre. In some cases, the insurance companies do not waive the deductible but reduce it by 50%, if the first treatment is sought at the University?s student health centre.

Typically, deductibles are of two kinds. One is applied based on per sickness or per injury, while the other is applied on a yearly basis. In case of the first type, every time the insurance holder encounters a new kind of injury or sickness, he/she will have to pay the amount of deductible. For the other type, the policyholder will be required to pay his medical bills as long as the insurance holder does not pay the full amount of deductible.

At higher costs, some international student?s insurance offers very low deductibles, at times even zero deductibles. Go through all the details of various international students? insurance deductibles before settling for one.

Scholarships to pursue higher education overseas have become easily accessible to estimable students. But scholarships only provide for expenses incurred for education and college/university. You need to ensure that you are financially provided for in case of a sudden medical emergency on foreign soil. This is the reason you need to need to avail of international student medical insurance.

The International Student Insurance policy remits medical expenditures incurred by a student while his overseas studentship tenure. However, the policy extends its financial benefits only if the nature of the claim is not categorized under some particular exclusionary clauses.

An injury or illness will be disqualified for insurance cover if the company is not furnished with related documents within 3 months of medical treatment. Pre-existing conditions, which needed diagnosis/ treatment in the look-back period, are covered by the policy. The look back period could range from 6 to 24 months before the commencement of the policy tenure.

The Insurance policy judges the urgency and necessity of the nature of treatment undertaken. So, it does not extend insurance cover to defray expenses incurred in cosmetic surgeries (of non-corrective natures). Free treatments are also not covered by the medical insurance for international students policy.

To claim financial cover, a student must produce a physician?s certificate that officially prescribes the course of the treatment taken. Medical treatments undertaken to facilitate scientific or experimental study are not covered by the International student?s medical insurance

Injuries sustained during war, civil unrest and acts of terrorism are not covered by the international student medical insurance. Expenditures incurred from treating injuries received while indulging in illegal or criminal activities are not defrayed by the policy. Medical treatments needed for drug, narcotic and substance abuse are also not covered by the insurance policy.

The student is required to bear the expenditure incurred for treatments incorporating alternative/ traditional/ experimental medication. The benefits of the insurance policy are also inapplicable to sensory therapeutics like aromatherapy and music therapy. Periodic medical examinations, not related to any particular illness/ ailment, are not covered by the insurance policy.

Regular diagnostic check-ups do not qualify for insurance cover, unless in connection with a disease/ illness. Medical and substance abuse, and alcoholism treatment expenditures are also to be borne by the policyholder. These are some basic clauses that would disqualify any application for insurance cover for international students.