INSURANCE FOR FOREIGN STUDYING
FOREIGN STUDY INSURANCE – Pursuing a career studying abroad is a great opportunity to explore the world and achieve your aspirations. The Newbie Overseas Study Insurance will always be with you throughout this journey. When you have decided to go to study abroad, it means that you have to face a lot of procedures, including insurance. Many of you have the thought that insurance just buy to have, for enough records to go. But the truth is that you will not be able to predict what will happen to you in the future, and especially when you will be alone when studying abroad, everything will become much more difficult. So, be careful when choosing insurance – where you put your trust.
Countries that are attracting many international students worldwide to study abroad include, Europe: Germany, Spain, Finland, Poland, UK, France, Hungary, New Zealand, Netherlands, Austria, Switzerland Sweden, Norway, Italy and Great Britain. In Asia to mention: Japan, Korea, Singapore, Philippines. In addition, there are the US, Canada, Russia... Most of these countries require international students to have international travel insurance when applying for a student visa.
1. Age to join Study Abroad Insurance
The most common age to participate in overseas study insurance is usually 18-25 years old. However, according to The Newbie 's study abroad insurance program, the age range is much expanded. Children from 6 months to 16 years old can participate. Adults aged 17 to 84 years old. Particularly for children under 11 years of age, when participating in study abroad insurance, an adult, over 17 years old, buys and joins the same flight with the child.
For students over 17 years old, it is completely possible to participate independently, however, there is a small suggestion for you to buy in a group to save on insurance premiums. Normally, with a group of 3 or more students participating in insurance together, they will receive a 15% discount on insurance premiums compared to buying each person separately.
2. Territorial coverage under Study Abroad Insurance
The scope of territory where Easy Cash Loan Insurance can provide overseas study abroad insurance is Global. The most popular ones are: Insurance for studying in Germany, Insurance for studying abroad in Spain, Insurance for studying in Poland, Insurance for studying in Korea, Insurance for studying abroad in Finland... In addition, most universities Foreign embassies in Indonesia, when considering and approving Visa for Indonesian students, recommend participating in Easy Cash Loan's overseas study insurance.
ADVANTAGES OF Easy Cash Loan INSURANCE
✓ 100% guaranteed to apply for a student visa on a global scale
- Overseas study insurance Easy Cash Loan EducationCare
- Everything you need to know about travel insurance for a Schengen visa
- Revealing to you how to use overseas travel insurance effectively
- Going to study abroad must know the insurance of studying abroad
- Easy Cash Loan's cheap international travel insurance ensures visa validity
✓ National brand, trusted by international embassies
✓ Consulting service and insurance even after hours, Saturday, Sunday and Public Holidays
✓ Simple buying procedure, at home
✓ Change the insurance term flexibly, deliver insurance to your place
3. Term of Overseas Study Abroad Insurance
International students when studying abroad often go for a long time, maybe 1 year, 2 years or even 5 years in a row. However, it is not necessary for students to buy insurance with such a long term before leaving the country. Most often, students should buy insurance so that they have enough time to fly abroad, settle down in accommodation, complete the admission procedures. Because when you enroll, you will be participating in the school's insurance abroad. Depending on each country and each school, the time from the time you exit Indonesia until you complete the admission procedure can be very different, so the time limit for participating in study abroad insurance will also be different. together. For example, German study abroad insurance is usually purchased with a term of 3 months, Polish study abroad insurance can be purchased for 1 year, Japan study insurance only needs 1 month, Korean study insurance from 1-3 month. In short, if you are not sure about how long to buy insurance, you just need to call Easy Cash Loan Insurance for detailed and dedicated advice.
The maximum insurance period for international students that Easy Cash Loan can provide is 1 year (365 days). If at the time of purchase of insurance you buy with a term shorter than 365 days but when you go abroad to study you need to buy more days, Easy Cash Loan can still extend the insurance period for you with the following conditions:
Conditions for Extending the insurance period
At the request of the insured, the insurance period abroad may be extended when the following conditions are met:
– Original insurance claim form required
– The policy has not expired at the time of request for renewal
– After the extension, the total time from the original application to the end of the extended application does not exceed 365 days
– Additional payment of insurance premiums
4. Insurance fee schedule for studying abroad
Insurance fees for studying abroad in Easy Cash Loan are calculated according to each program and insurance period. The unit for calculating the insurance premium is IDR.
5. Overseas study abroad insurance benefits
The table of insurance benefits for studying abroad at Easy Cash Loan Insurance is built into three (03) programs:
- Silver Program (compensation limit 45,455USSD or 40,000 Euro)
- Gold Program (compensation limit of USD 90,909 or Eur 80,000)
- Diamond Program (compensation limit 136,364USSD or 120,000 Euro)
5.1. Silver program benefits
a. Personal accident benefits: Paying for insurance benefits when having an accident in daily life, studying and participating in traffic with the maximum compensation amount of 1 billion IDR. Especially, if you die in an accident on public transport such as bus, subway. The amount of compensation will be 2 times higher (compensation up to 2 billion IDR). Accident risks that do not lead to death but lead to total or partial permanent disability pay according to the actual extent of the injury and the actual amount of treatment
b. Credit card benefits: Consumption by credit card is a common and indispensable need today. Especially for young international students studying abroad. If the insured person has an accident leading to death while studying abroad. Easy Cash Loan will pay the outstanding debt by credit card to buy necessary personal items while abroad.
c. Medical expenses and related expenses: Medical expenses are expenses incurred for actual treatment abroad for the treatment of illness or accident. The receipt showing the actual payment amount will be the basis for Easy Cash Loan to pay back the actual medical expenses that the insured has paid due to the risk of illness and accident abroad.
Related medical expenses are also covered by Easy Cash Loan insurance including: expenses for accompanying people to take care of, expenses for emergency medical transportation, repatriation of corpses, funeral expenses, etc.
5.2. Benefits of Gold Program
The Gold program includes benefits paid in the Silver program, but the payment limit is doubled (up to IDR 4 billion). In addition, the scope of risks is also extended to the risks of property, luggage, travel documents and liabilities arising abroad. The scope of risks covered by insurance includes:
a. Hospitalization allowance: In case the Insured Person is hospitalized abroad for inpatient treatment for bodily injury caused by an accident or sickness or disease while traveling abroad, the Insurance Company will pay the benefit amount is 40Eur for each day the Insured Person is hospitalized, up to the aggregate limit for the entire insurance period: 800Eur.
b. Baggage and Personal belongings: The Insurer will indemnify each Adult Insured Person the sum insured under such Plan elects for loss or damage during the trip to the baggage belonging to the Insured Person. owned by the Insured, or carried, deposited in advance or purchased by the Insured during the trip. The confirmation of the carrier causing the loss of luggage or the police agency confirming the property theft will be the basis for proving the risk and the basis for Easy Cash Loan to pay compensation.
c. Delayed Baggage Collection: The Insurer will pay up to the sum insured under that plan selected to each Insured Person in the event of an urgent purchase of necessary items or clothing when their baggage is temporarily damaged. lost at least 8 hours from their arrival in the destination country overseas due to delays or misdirection in the delivery of baggage. The Insured Person will keep receipts for purchase of personal items with confirmation of late return of baggage from the airline as a basis for indemnification.
d. Carry-on and Travel Documents: The Company will pay reasonable costs up to the amount insured under such plan elects to replace travel documents lost during the trip due to theft, robbery or natural disaster ( such as tsunamis, hurricanes or earthquakes). Reasonable expenses include hotel room and additional travel expenses.
e. Personal Liability: The Insurer will indemnify the Insured for third party liability arising during the Trip up to the amount insured under such Plan selected:
1. Accidental bodily injury to a third person;
2. Loss, unexpected loss of property of a third party.
Compensation includes:
- Third party legal costs and fees may be recoverable from the Insured and
- Legal costs and fees incurred by the Insured, provided that the Company has agreed in advance in writing.
f. Delayed Trip: If, during the journey, the public transport arranged by the Insured Person for the trip departs at least 8 hours behind the time specified on such travel itinerary. Issued to the Insured as a result of a strike, strike, vehicle robbery, bad weather conditions, mechanical damage, failure or structural failure of an aircraft, ship or public transport , the insurance company will indemnify the insurance amount is 80Eur for every 8 hours delay and up to 400Eur for the entire insurance period.
g. Loss of Deposit or Cancellation of Trip: For this section, the coverage period will take effect from the date of acceptance of the claim. In the event of trip cancellation, the Company will indemnify the sum insured under such plan selected to each Insured Person for the deposit for accommodation, travel agency or such payments. in connection with the Insured Person's trip, which cannot be recovered from the travel agency, public transport or accommodation provider.
H. Shorten Trip: The Insurer will pay the sum insured under that plan selected to each Insured Person for unused, non-refundable prepaid travel or accommodation expenses including during the trip or vacation, additional hotel costs and repatriation costs to Indonesia incurred as a result of a reasonable and unavoidable shortening of the trip.
i. Hole in one golfing: If the Insured Person (an adult) hits a “Hole in one” while playing golf at any recognized golf course, during the course of the trip, the Insurer will will pay the insurance amount under that plan selected for each time and in total for the whole trip.
j. Reimbursement of insurance deductibles of rental vehicles: Subject to the limits specified in the selected insurance plan, the Insurer will reimburse the deductible the Insured is obligated to pay in connection with the loss. or accidental damage to a rental vehicle when such Insured Person is enrolled in any motor vehicle insurance policy.
5.3. Benefits of Diamond Program
Diamond program is the most advanced insurance program for international students, including full benefits like the Gold program, but with a limit of up to 3 billion IDR. In addition, in terms of benefits, the benefit is extended to pay for Covid-19 with a payment limit of up to 1.2 billion IDR.
Easy Cash Loan study abroad insurance benefits of all 3 programs meet the visa requirements of the embassies of the receiving countries.
NOTE CONNECTED SECTIONS *
* For children (under 17 years old), benefits are limited to 20% of the sum insured. For people aged 76 and over, benefits are limited to 30% of the sum insured.
** Credit card insurance benefits do not apply to children.
*** Benefits do not apply to children traveling alone without an adult.
**** For children, benefits are limited to 50% of the sum insured.
6. Procedures for participating in insurance for studying abroad in Easy Cash Loan
Procedure to request participation
The procedure to participate in overseas study insurance in Easy Cash Loan is very simple and fast. It only takes you about 10 minutes to complete the insurance claim procedure by calling Easy Cash Loan to request insurance. You can do it at home or anywhere without having to go to Easy Cash Loan's office. Information to be provided to Easy Cash Loan includes: 1/ Passport photo? 2/ Expected date of flight and term of insurance participation? Current address in Indonesia?
After receiving further advice on the appropriate insurance program and benefits, Easy Cash Loan will issue an application within 15 minutes and send the customer an electronic insurance certificate to Email or Zalo. In case you need to add a hard copy of the certificate with a stamp to apply for an offline Visa. Easy Cash Loan will support to print more hard copies and ship to your place.
Insurance premium payment procedure
You can choose to pay the fee by direct transfer to Easy Cash Loan's account or you can also choose to pay in cash at the time of receiving the hard copy of the certificate of study abroad insurance. Easy Cash Loan applies both payment methods to create maximum convenience for you.
EmoticonEmoticon