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Health Insurance for Students
Health insurance for students is designed to provide medical coverage and personal accident cover to students within India or abroad. It covers the medical expenses of students during their course duration, including hospitalization expenses, accidental injuries, mental illness treatments, adventure sports injuries, morbid obesity, etc. Student health insurance provides financial protection to students against unforeseen healthcare expenses, allowing them to focus completely on their academics.
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(In 120+ cities)
24*7 claims assistance
In 30 mins. guaranteed*
Instant policy issuance
No medical tests~
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Benefits of Student Health Insurance
Take a look at the key benefits of buying student health insurance plans:
- Comprehensive Coverage – It covers the students against a wide range of unforeseen medical expenses, including hospitalization expenses, mental illnesses, morbid obesity treatments and adventure sports injuries, under health insurance.
- Personal Accident (PA) Cover – It provides compensation to the insured student or their family in case of death or disability resulting from an accidental injury.
- PA Cover for Guardian – It compensates for accidental death and disability of the guardian as part of the personal accident cover so that the student’s academics are not hampered.
- Worldwide Coverage – Many student health insurance plans come with global coverage, allowing Indian students to stay financially protected even if they study abroad.
- Cashless Treatment – It enables students to avail cashless treatment at any hospital of their choice in India or at any empanelled hospital overseas.
- Peace of Mind – With this type of health insurance policy, students do not have to worry about medical bills during an emergency and can focus completely on their studies.
- Tax Benefit – The parent/guardian of the student will be eligible for tax deductions on the paid health insurance premium under Section 80D of the Income Tax Act.
Who Should Buy a Student Health Insurance Plan?
The following people should buy a student health insurance plan:
- Indian students studying in India
- Indian students studying abroad
- Students staying away from home for studies in hostels, rented apartments or PG accommodations
Inclusions of Health Insurance for Students
Health insurance for students comes with the following inclusions:
- In-patient hospitalization
- Pre-hospitalization expenses
- Post-hospitalization expenses
- Modern treatments
- Injuries due to participation in hazardous or adventure sports
- Morbid obesity
- Correction of refractive errors
- HIV AIDS
- AYUSH treatments
- Mental illness treatments
- Personal accident cover for students
- Personal accident cover for guardian
- Transportation cost of mortal remains
- Compassionate travel
Note: The exact coverage may vary from one health plan to another.
Exclusions of Health Insurance for Students
Health insurance for students excludes the following:
- OPD expenses
- Dental treatments
- Maternity expenses
- Treatment for alcohol or drug addiction
- Self-inflicted injury
- Cosmetic or plastic surgery
- Treatments received at spas and nature cure clinics
Note: The list of exclusions may vary from one health plan to another.
Who Can Apply for Student Health Insurance?
Students who have been enrolled in an accredited educational institution within India and abroad can apply for a student health insurance plan. Applicants may have to show proof of enrolment in the institution to buy the policy. However, the eligibility criteria for health insurance for students may vary from plan to plan.
How to Claim a Student Health Insurance?
Follow the steps given below to claim a health insurance policy for students:
Step 1: Inform the insurance company about your hospitalization or medical emergency.
Step 2: Show your health card or policy document at the hospital along with an identity card.
Step 3: Obtain the treatment, pay the bill and collect all the documents at the time of discharge.
Step 4: Submit the required claim documents to the insurance company within the stipulated time.
Step 5: The insurer will verify all the documents and pay you the claim amount.
Things to Remember Before Buying Student Health Insurance
Keep the following things in mind before buying a student health insurance policy:
- Assess your health needs and the healthcare expenses in the city where you will be studying to pick the right coverage amount.
- Go through the policy coverage and exclusions to know what you will be covered and not covered for during your academic years.
- Go through the tenure of your mediclaim policy to understand if it covers you throughout the duration of your course.
- Check the hospital network of the insurer to ensure they cover medical facilities in the country/state where you will be studying.
- Compare different health insurance plans for students before finalizing a policy.
- Go through the claim process of the insurer to know how quickly your claims will be settled.
- Check the reputation and claim settlement ratio of the insurer to understand how likely your claims will be settled.
Health Insurance for Students: FAQs
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Q1. Can a student apply for health insurance?
Ans: Yes. Students can apply for health insurance as long as they have been enrolled in an accredited educational institution. -
Q2. What is the mediclaim policy for students?
Ans: A mediclaim policy for students covers the medical expenses of students incurred during their studies. It also offers personal accident cover to students in case they meet with an accident during their academic years. -
Q3. Where can I check student health insurance cost?
Ans: You can check the student health insurance cost by going through the policy premium chart or by contacting the customer support team of the insurer. You can also use a health insurance premium calculator to know the cost of the policy.
Health insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.
*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.
*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.
**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.
*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.
*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases
*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.
*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.
*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.
*The values taken for effective cost calculation are indicative values and may change as per the selected plan.
*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.
*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.
*The scope of coverage may vary from plan to plan.
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##On ground claim assistance is available in 114 cities
Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.
STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
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