Overseas Health Insurance for Study Abroad Aspirants
If you are contemplating studying abroad, you should be aware that some countries may insist on student health insurance coverage. Even if they don’t, considering the exorbitant medical costs in foreign countries, having student health cover is prudent to avoid financial burdens while studying abroad. These health insurance plans typically cover pre and post-hospitalisation expenses, prescription medicines, and the cost of surgeries.
Students who purchase health plans from foreign countries while studying abroad will pay heavy premiums. Getting coverage under the best health insurance plans in India can be more economical.
So, students studying abroad or planning to study abroad should have a student health cover to avoid additional financial burdens.
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Overseas Student Health Cover (OSHC)
Overseas Student Health Cover is a health insurance plan designed for international students studying abroad. It is a complete coverage for expenses incurred comprising pre and post-hospitalisation coverage, and prescription medicines. This student health cover ensures that the students have access to quality healthcare services in their host country. It offers peace of mind and financial security against any unexpected medical costs that may arise. This is a mandatory requirement by some universities and visa regulations. It reassures the students and their families that their health needs are taken care of while they focus on their education.
Overseas Visitor Health Cover (OVHC)
Overseas Visitor Health Cover is designed especially for visitors to Australia who cannot access the Australian public Medicare System for any hospital or medical costs. The eligibility criteria, premiums, and benefits for various health insurance plans under OVHC differ. Most plans, however, cover hospital expenses and a portion of the doctor’s fees. To avail of the services of dentists, physiotherapists, and optometrists, you can purchase a General Treatment Cover in addition to OVHC.
What are the key documents required for a student visa?
How long does the visa processing take?
Does PFEC provide assistance with visa interviews?
Can I apply for a visa extension after my studies?
The primary reason is that the Department of Immigration and Citizenship requires that anyone residing in Australia on a student visa are required to have an Overseas Health Cover.
Overseas Student Health Insurance (OSHC) covers medical expenses such as hospitalisation, surgeries, doctor's fees, and prescription medicines, reducing the financial burden and ensuring access to quality healthcare abroad.
Regular medical checkups are necessary to maintain robust health. OSHC covers the costs incurred for regular doctor visits, lab tests, and any medical emergencies that may arise. You can seek medical help without hesitation if you have student health cover.
If you have an existing medical issue which needs regular intervention, having the best health insurance plan will help. Some student health insurance plans offer coverage for pre-existing conditions after a waiting period, and you can get constant medical attention.
Treating accident injuries results in substantial medical bills. OSHC provides coverage for accidental injuries, whether minor or major, so that you get healthcare promptly.
University and Country Requirements
Each country and university may have different requirements concerning the OSHC. Check and ask about it before you decide to purchase a plan. Most countries insist on OSHC before commencing the course. The requirements may also vary depending on the type of visa issued.
Compare Different Plans
After you are clear about the insurance specifications, you research and compare the plans available. You should consider the coverage offered as well as the exclusions. Also, consider the amount that goes into the benefits. Most plans offer coverage for pre and post-hospitalisation expenses, doctor’s visits, medical checkups, evacuation, repatriation, prescription medicines, etc. Seek the advice of any insurance agent if necessary.
Read The Fine Print
Read between the lines to avoid surprises. Look for what is excluded, waiting period, hidden limits, etc., that are normally mentioned in the terms and conditions.
You can buy a health insurance plan online by accessing the health insurance provider’s official website within a few minutes. However, for more clarity about the best insurance providers in your host country, you can take the assistance of PFEC.
PFEC coordinates with the best insurance providers across the globe. Whichever country you choose to study abroad, PFEC will help you get the best insurance providers who offer:
Exclusive benefits
Quick turnaround
Value for money
Should have a student visa for the duration of their stay in the foreign country.
They should have an admission letter for a full-time course study from an approved University.
The student health cover should be for the entire duration of their stay in the country.
The age criteria vary with the insurance provider. The student should meet the age criteria specified by the respective insurance company.
If any family member is accompanying the student, insurance coverage will be required for the partner as well.
