Planning to study overseas? Read these tips first

Moving to another country to study can be the ultimate thrill in a young person’s life. And it goes far beyond immersing yourself in your chosen academic subject. When abroad for the first time as a student, you are often faced with another culture, cuisine and ways of doing things that are completely different to what you’re used to at home – and it’s all very exciting!

There’s so much to think about when you study abroad, such as where you’re going to live, making new friends, what new activities you can try and even the possibility of driving in your adopted country.

But while you should definitely live life to the full as a student, it’s your advantage to remember that there are risks around every corner that could spoil the party. So to minimise your chance of incurring financial burdens due to an accident or other mishap, you should select appropriate overseas study insurance to cover most eventualities. In this article, we’re going to look at some key aspects of overseas study insurance to see how it could help you.

If you are unlucky enough to have a personal accident or fall ill while pursuing your studies, such as being diagnosed with a long-term disease, overseas study insurance will cover the cost of treatment as inpatient or outpatient while overseas, as well as follow-up treatment when you get back to Hong Kong during the holidays. This can also include the fee for a Chinese medical practitioner. 

If the worst should happen and your parent die during your studies or become totally permanently disabled, such as in a car accident, the education fund aspect of your insurance will cover a lump sum cost so that you can continue your study abroad.

On the other hand, if your studies are cancelled or interrupted due to named reasons, your unused tuition fees, travel costs and accommodation deposits as a result of the cancellation will be protected. Similarly, you’ll also be protected if your school is closed by the local authority due to a natural disaster or the outbreak of an infectious disease.

Sometimes things go badly wrong, and when they do it’s important to know that help is at hand. If there’s an emergency, your plan offers a 24-hour assistance hotline, as well as worldwide emergency medical evacuation and repatriation after treatment. It can also cover the cost of making an unexpected return to Hong Kong, such as in the event of the death of a loved one.

The final aspect of any overseas study insurance is that it looks after you when you’re living your best life. You’ll be financially protected against personal accidents caused by amateur dangerous sports and activities, including winter sports, horse riding, water skiing, scuba diving and more. You’ll also be protected against the loss of or damage to baggage or personal belongings, such as your tablet or smartphone.

So when you’re pursuing your academic goals overseas, don’t leave anything to chance. Consider overseas study insurance and protect yourself from the unforeseen.

To find out more about MSIG’s Overseas Study Insurance, please feel free to contact us or find out more about our insurance plans.

Read more: Overseas Study Insurance: all-round protection for your children abroad

Learn more about EASY Claims and file your claims online anytime, anywhere.

EASY Claims – A simpler and faster way to claim!