A comprehensive protection plan is crucial when you arrange for your children to study overseas. Most popular countries for further education require foreign students to purchase overseas study insurance to ensure their medical needs are covered during their period of study.
Overseas study insurance mainly covers medical expenses, personal accident, personal liability, and emergency medical evacuation, where students are transported back to Hong Kong for medical treatment. Some plans extend coverage to include travel protection (such as loss of luggage and travel delay).
Some overseas study insurance plans feature study interruption coverage for insured students. This covers the unused travel fare and tuition fee if the insured student has to return prematurely due to serious injury, serious illness or unexpected outbreaks such as strike or terrorism, etc. The student will be compensated despite the disruption of his/her study plan.