What is health insurance? Why is health insurance necessary for international students studying abroad? 

Health insurance is a form of agreement where the insurance company agrees to pay all of your medical expenses in exchange for a monthly premium payment. The insurance covers the illness and injury of the bearer, such as ambulance expenses, alternative treatments, and hospitalization charges. Health insurance plans are of two types; 

1. Indemnity plan: 

Under the indemnity plan, there are medical, individual, family floater, unit link health insurance, and group mediclaim.  

2. Definite benefit plans: 

Under this plan, the insurer can claim a lumpsum amount upon detection of an illness such as: Critical illness plan, hospital daily cash benefit plan, or personal accident plan.  

Eligibility to get health insurance

To become an eligible person to get medical insurance, the person must be: 

• Medically screening of person to be insured 
• Documents such as age, identity, address proofs/affidavits  
• Passport size photos 
• Medical reports 
• Proposal form duly filled and signed 

Importance of Health Insurance

International students' main medical insurance requirements are to protect themselves from the higher medical cost in foreign Countries. Also, some foreign academic institutions ask for proof of insurance to register for the class. The F 1 Visa holder's common insurance requirements are part of a mandatory school plan of abroad academic institutions. They allow waivers if the students have sufficient coverage through sponsoring the government embassy. In the US, students are mandatorily compliant with the Affordable Care Act (ACA) compliance plan; otherwise, they must pay a fine to the Internal revenue service.  

For prospective students studying abroad, it is always advisable to cover foreseeable medical expenses and select deductibles that aren't very high to pose a financial problem of their own. 

Suppose you happen to go and study in these Countries like Canada, the United Arab Emirates, Germany, the United Kingdom, Singapore, Malaysia, Schengen countries, Sweden, the United States of America, and Dubai. In that case, health insurance is compulsory in their home Country.