Edelweiss General Insurance (EGI) has partnered with Avanse Financial Services, an education-focused NBFC, to provide student travel insurance to overseas academic candidates funded by Avanse.
EGI’s student travel insurance takes care of medical expenses and protects students from emergencies and losses. EGI’s plan provides complete coverage against covers related to medical, lodging and travel related inconvenience, thereby ensuring worry-free, study and stay period for the students. The firm said that students will also have the option to customize their plan with optional covers as per their needs and requirements of universities.
Shanai Ghosh, Executive Director and CEO, Edelweiss General Insurance, said, “We are delighted to partner with Avanse Financial Services, to enable students to study at universities abroad without worrying about the financial stress arising out of studies. To realize their desire. are living abroad. These students are digital natives and hence would prefer our paperless and digital processes. Our comprehensive plan is designed to provide maximum coverage keeping in mind all the requirements of the students.”
Indian students opting to go abroad for higher education are increasing rapidly. Industry reports suggest that this number is expected to reach 1.8 million by 2024, which will also lead to an increase in spending. Therefore, a student travel insurance becomes essential to take care of medical expenses, especially as health care costs abroad are much higher than in India, the firm said.
Amit Ganda, MD & CEO, Avanse Financial Services, said, “As a student-centric organization, we understand that traveling abroad as a student is a unique experience where one has the opportunity to explore the world on their own. get a chance. Therefore, a student must be prepared for any uncertainty related to travel, accommodation and health. Our association with Edelweiss General Insurance will enable us to deliver a quality customer proposition, making students future ready.”