Study Abroad: Travel Insurance vs Medical Insurance – Which One Should You Opt For?

When you travel overseas as a study abroad aspirant, you come across two terms — travel insurance and health insurance. Both of these insurance are equally important for your safety, which can make it confusing to choose between the two. To take that decision, you must understand the difference between travel insurance and medical insurance, their benefits, etc. Here is a comparison to help you choose.

Difference Between Travel Insurance and Health Insurance

Health Insurance: In this type of insurance, all medical expenses that you might incur in the future are covered. It is a contract between an insurance company and you who buys the policy.

Keep in mind that health insurance is different from medical insurance. It is to provide coverage solely for medical expenses which are incurred during travelling.

Travel Insurance: It provides short-term and major medical coverage. Short-term is for those who travel five days to one year. While major medical coverage is for those who plan to take longer trips from six months to one year or even more.  

What You Must Opt For?

Ideally, you should opt for travel insurance when going abroad. It provides several benefits which are specifically tailored for students. It is recommended that you purchase an adequate amount of coverage according to the duration of your stay. 

Benefits of Travel Insurance

Now that you know that travel insurance is equally important. You must also know the benefits of the same. Below mentioned are all the benefits which will help you while making a decision. 

• Refund of fees: If the student is unable to complete the course, the insurance makes sure that the complete fees are refunded to the student.
• Extension of Coverage: The travel insurance can also be extended which will benefit the student while staying abroad. 

Therefore, if you are looking for an opportunity to go abroad for higher education, make sure you don’t miss out on opting for this insurance.

For more such exciting news updates, also make sure you contact Leverage Edu to start your study abroad Journey.