December 2015

Getting ready to study abroad

An increasing number of parents plan to send their children to study overseas, and many young people share the same hope, as they want to widen their horizons by studying abroad. To plan properly for this, it’s not just the choice of institutions, subjects or accommodation that matters, an all-rounded coverage is important to give both parents and students peace of mind during the course of study. 

Medical and education fund coverage

When choosing overseas study insurance, the first thing you should take note of is the coverage. To cope with the high medical expenses overseas, one should choose an insurance plan with coverage in accordance to the destination of study and personal needs. Even though most students may have purchased medical insurance required by their schools, an overseas study insurance plan can serve as a top-up plan to supplement the existing cover, enabling the insured to enjoy the flexibility of choosing not only public medical services, but also private ones in times of need.

Another characteristic of overseas study insurance is the protection on education fund. In the event of death of the insured’s parents, the unpaid tuition fee can be covered to ensure the study plan is not interrupted.

More than just travel insurance  

Overseas study insurance can allow students to get 24-hour emergency assistance services worldwide when in need. It also provides cover for leisure and amateur sports activities, or even events of terrorism or kidnapping.

Similar to overseas study insurance, annual travel insurance covers medical expenses, personal accidents or travel inconveniences, such as travel delays. However, given the limit on a trip’s coverage period, say 90 days, it is not adequate for covering an overseas study journey.

Embarking a study tour worry-free

To provide you or your children with comprehensive protection while studying in a foreign country, FWD Hong Kong launches the “Overseas StudyCare Insurance” with the following features:

  • Top-up in-patient medical expenses, providing extra benefits on top of your other medical policy, up to HK$2,000,000
  • Education fund to provide for unpaid tuition fees, if tragedy strikes your family
  • Compassionate visit and death compensation, during a kidnapping incident
  • Cover for leisure and amateur sports activities during your study, including winter sports, bungee jumping, hiking, rock climbing, horse riding, scuba diving and other water sports
  • Cover for personal accident and medical-related claims caused by an act of terrorism
  • Covers your overseas study from secondary school to life-long education
  • Worldwide cover for medical and personal accident benefits
  • 24-hour worldwide emergency assistance services

To learn more, contact our financial advisers or 24-hour customer service hotline at 3123 3123.

Product features are subject to terms and conditions. For details, please click here or refer to the product brochure

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