New Delhi: ICICI Lombard General Insurance, a leading private sector general insurance company, on Monday said that it has tied up with Air India to offer special discounts to students traveling abroad for higher education.
This tie-up would enable students having a valid ticket of Air India to avail of the university compliant Student Medical Insurance at a special discount.
"Close to 1.2 lakh students travel to foreign universities each year, of which sixty per cent of the students travel to the US. Of these, only nine per cent avail of medical insurance," ICICI Lombard General Insurance Head (Travel and Worksite) Sudhir Menon said.
He said though medical insurance is now made mandatory by universities abroad, most students are usually unaware of comparable medical insurance offered in India at relatively lower cost, offering higher benefits.
“ICICI Lombard issues students medical insurance cover keeping in mind the specific requirements of individual universities at considerably lower cost and cover medical treatment, medical aid and therapies,” he said.
The policy covers the student from India; to the time he comes back home thus offering a worldwide coverage. The policy also offers cashless hospitalisation services worldwide.
In addition to the medical coverage, it also offers non-medical covers like passport loss, baggage loss, personal accident cover, bail bond, compassionate visit, sponsor protection, study interruption and personal liability.
The policy is extendable to the second year, and thus covers the student for the entire period of study.
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