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Buddy Answers: Top Questions on Student Travel Insurance

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“Adulting” is difficult and sometimes we’re not sure how our parents do it. But it’s time to grow up and take charge of your own responsibilities even if it means having to buy your own travel insurance for study abroad trips because it’s compulsory. But with all the jargon thrown around, it can be difficult to grasp what the insurance companies are saying. This ends up leaving you with more questions than answers. Thankfully, we know the struggle which is why we’ve decided to answer them once and for all.

What the heck is student travel insurance for?

Besides just being a mandatory step in getting your student visa sorted, travel insurance is important to ensure that you are protected during your trip. A misconception is that travel insurance is important for the journey itself (eg. flight delays, missing or delayed baggage) but it is also necessary in case of medical emergencies.

If I travel outside my host country, will I still be covered under my student travel insurance?

Depending on the student travel insurance purchased, there will be conditions and limits regarding this clause.

Oyster student travel insurance does cover for travel outside the host country. The wording states that they “[cover] multiple trips undertaken by [the insured] whilst studying abroad during the [stated period] where [they] depart from [their] Overseas Residence for a holiday”.

Am I covered by insurance if I am under the influence of alcohol or drugs?

The most general answer is that no, you will not be covered by insurance if you’re under the influence of alcohol or drugs. However, every claim is reviewed on a case by case basis and in these situations, the insurer will look at the cause of the incident to determine if they want to accept your claim.

Does my insurance cover adventurous activity like skydiving and bungee jumping? 

Most insurance companies do not cover for these activities. In fact, it’s a general exclusion and you participate in these activities at your own peril.

However, Oyster student insurance has an add on called “Adventurous Activity Cover” which ensures that the insurance policy is extended to activities such as bungee jumping, sky diving, paragliding, helicopter rides for sightseeing, hot air ballooning, jet skiing, mountaineering (below 3,000m above sea level), skiing or snowboarding, canoeing or white water rafting and underwater activities (max. depth of 30m) provided always that the activities are done for leisure purposes and with a licensed operator.

What are the risks of not having travel insurance?

Traveling miles from home poses many risks in itself. You may lose your luggage, your flight may be delayed, your handphone may be stolen or you may meet with an accident that lands you in hospital. The list doesn’t stop here and each risk poses a significant emotional and financial threat.Not having travel insurance means that you will have to undertake the burden of the consequences by yourself. While that may seem far fetched, the reality is, it’s not. The risks of not having travel insurance far outweigh the benefits of having one because the insurance companies share the burden of any unfortunate incidents that may occur, reducing your stress.

Having travel insurance costs next to nothing compared to the trip you’ve already spent on. Don’t scrimp on insurance and make sure you’re well covered. If you need some advice on what travel insurance to get, we’re teamed up with Oyster offer the cheapest student travel insurance plans in Singapore. For more information of Student Travel Insurance Offers visit here : https://buddy-blog.myoyster.sg/

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