Avanse Financial Services, an NBFC with an emphasis on education, and Edelweiss General Insurance (EGI) have teamed to offer student travel insurance to international students who are supported by Avanse. Student travel insurance from Edelweiss General Insurance covers medical costs and guards against emergencies and financial losses. The Edelweiss General Insurance plan ensures students have a worry-free time while studying and staying by providing comprehensive coverage against medical, lodging, and travel inconvenience-related covers. Additionally, students will have the option to modify their plan with optional covers in accordance with their demands and university standards.
The number of Indian students choosing to pursue higher education overseas is increasing quickly. According to industry forecasts, this number is anticipated to reach 1.8 million by 2024, increasing spending as a result. According to the company, this makes student travel insurance essential, particularly to cover medical costs given that healthcare costs abroad are far higher than in India.
Important Takeaways For All Competitive Exams:
- MD & CEO, Avanse Financial Services: Amit Gainda
- Executive director & CEO, Edelweiss General Insurance: Shanai Ghosh