HDFC ERGO General Insurance Company has launched a travel insurance package designed specifically for Indian students travelling abroad to pursue higher education.

(TRAVPR.COM) INDIA - March 28th, 2013 - Today studying abroad sounds thrilling and exciting. It not only allows students to live their aspiration but also gives them a direction to realise their dreams. But living away from home is not easy. There is always a need for someone to take care of your worries and be there with you at the time of emergency. Therefore it is important for all students to chalk out a plan that can help them stay hassle free and concentrate on their study abroad.

HDFC ERGO General Insurance Company Limited, India's' 4th largest private sector general insurance company, announced the launch of its new policy – ‘Student Suraksha – Student Overseas Travel’, a policy specially designed keeping in mind the needs of Indian students who are planning to pursue higher education abroad and for existing Indian students who are already studying abroad.

HDFC ERGO ‘Student Suraksha – Student Overseas Travel’ policy provides cover against unforeseen expenses such as hospitalization, accidental death, permanent disablement, dental treatment. The policy also provides additional covers such as personal liability, bail bond, sponsors protection, study interruption, loss of passport and checked-in baggage loss.

The policy includes worldwide cover for students from 30 days to 2 years without any medical or health check-up requirements. This policy can be bought by an individual between the age 16 to 35 years who is a full-time registered student of an education course outside India.

The special feature of the policy is that it pays amount incurred in the event of a visit by one Immediate Family Member abroad in case of medical emergency or vice-versa.

Speaking on the new ‘Student Suraksha – Student Overseas Travel’ policy, Mr. Mukesh Kumar – Member of Executive Management, Head - Strategic Planning, & Marketing, HDFC ERGO General Insurance said, “At HDFC ERGO, we believe in nurturing talent and taking utmost care of the needs of aspiring youth. With the rising medical and travel costs abroad, our policy comes as a pocket friendly solution for students. It is a comprehensive plan designed to offer students a safe and secured stay abroad.”

He further added, “With universities abroad making health cover mandatory for overseas students, it is gaining popularity amongst students. It is also more cost-effective for students to buy an insurance policy in India as typically the products here are better priced than the ones available abroad. Increasingly students are opting for this and we visualize that the demand for such products will only increase in the years to come.”

To enroll for the ‘Student Suraksha – Student Overseas Travel’ policy, one can chat with the customer service team or make a call on the toll free helpline, 1800 2 700 700 for further support.

About HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.  HDFC ERGO offers complete range of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space.

HDFC ERGO is the 4th largest private sector general insurance company in India. HDFC ERGO has been expanding its presence across the country and is today present across 71 cities with 80 branch offices with an employee base more than 1350 professionals. The company has a wide distribution network comprising brokers, retail and corporate agents, bancassurance besides its own direct sales force.

HDFC ERGO has been assigned the rating of ‘iAAA’ by ICRA indicating its highest claim paying ability. The company also has ISO certification for its claim services.

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