liuxue86.com provides study abroad news for Chinese students who are about to study abroad: "Study abroad, first understand the study abroad insurance business" reported by Fuzhou Evening News on November 10.
A. Many banks have innovated their overseas study insurance business
While parents are worried about daily safety issues for their overseas children, the banking industry has also paid attention to this practical issue and integrated multiple resources to provide better services for international students. High-quality financial security services. For example, Bank of China’s “Study Abroad Insurance Card”, CITIC Bank’s International Student Credit Card’s “Travel Protection Plan”, China Everbright Bank’s accidental medical insurance business for international students and people going abroad, etc., are all important in providing comprehensive protection for international students. This measure also satisfies parents’ desire for “children to study abroad and parents to feel at ease.”
In recent years, as the number of people studying abroad has increased year by year, the volume of overseas financial business has become larger and larger. More and more banks are paying attention to the financial business of studying abroad and the financial management needs of families studying abroad. Many financial institutions have launched packaged financial services for studying abroad, ranging from exchanges, agency account opening witness services, study abroad loan services to study abroad insurance, covering almost all aspects of financial services. All areas.
Industry insiders told reporters: “With the improvement of living standards and the desire for high-quality education, more and more people want to send their children to study abroad, which has given banks a lot of work. Opportunities to expand and strengthen overseas financial services. If banks want to compete for more customers, they must give full play to their own advantages and strengths. "Based on this knowledge, many banks in Rongcheng have actively integrated multiple resources to provide international students with services. Numerous overseas financial service projects. The more students know about the financial knowledge and financial products for studying abroad, the smoother and worry-free the road to studying abroad will be. Among them, the safety of studying abroad is also one of the important issues that families of international students need to understand. In this issue, let’s pay attention to the relevant information about the insurance business for studying abroad.
B. Choose the financial security that suits you according to your own conditions
Each bank has its own characteristics in financial security services. International students can choose according to their own needs and economic conditions.
It is understood that CITIC Bank’s international student credit card has added special value-added services on security issues. Among them, there is aviation accidental death and disability insurance, which will compensate for the replacement costs of lost passports, travel tickets and other travel documents during the study abroad period, as well as the related additional transportation and hotel accommodation expenses incurred for replacement. The maximum insurance amount per card It is RMB 5,000. In addition, the international student credit card also provides various insurance services currently offered by CITIC Credit Card, including: aviation accident insurance, accidental hospitalization insurance, flight delay insurance, loss of travel document insurance, etc. The maximum insurance amount per card is RMB 5,000.
According to relevant sources, Bank of China’s “Study Abroad Insurance Card” is divided into Type A and Type B based on different face values. Cardholders can enjoy the characteristic high-security services of "domestic insurance, overseas use, and convenient claims settlement" within the one-year protection period. Not only does the coverage cover a wide range of time periods, including the period of studying abroad, returning home for vacation, and en route to and from China and the country where students are studying abroad, etc., but also relying on the global platform of the well-known emergency rescue company AXA Assistance, the coverage services cover more than 200 countries and regions. In addition to the protection for medical visits by relatives of overseas students, protection for high accidental injuries, and protection for tuition fees due to interruption of studies, cardholders can also enjoy free telephone medical consultation, outpatient service arrangements, emergency translation assistance, baggage retrieval and transfer, emergency air tickets and hotels. Reservation and other services. Thinking about what parents want and what students need, Bank of China's "Study Abroad Insurance Card" can be described as careful and thoughtful.
In addition, the accident medical insurance business launched by China Everbright Bank for international students and people going abroad is also very user-friendly. This financial security service can provide timely rescue protection when international students encounter sudden illnesses and outpatient clinics abroad, such as dentistry, burns, and emergencies, and even provide compensation for missing exams due to illness.
Because our students cannot enjoy foreign security systems locally, it has to be said that it is a heartwarming measure to provide international students with more peace of mind through this kind of security.
C. Understand the details of study abroad insurance before purchasing
After understanding the relevant study abroad insurance information, you need to further understand some details. Insurance experts specifically point out that international students who are about to go abroad should check several details when purchasing study abroad insurance to prevent accidentally buying a "study abroad insurance" that has no guarantee.
1. You don’t need to buy some insurances
“Before purchasing overseas study insurance, you must first clean up the existing insurance products.” Relevant insurance experts pointed out that as people’s insurance awareness increases, , some children’s families buy all kinds of insurance for them when they are very young, so it is necessary to sort out the existing insurance products before studying abroad. “It is recommended to keep returnable critical illness and long-term life insurance as much as possible, because you will have to bear the responsibility for surrendering the insurance midway. Losses of varying amounts; consumer insurance such as accidental medical treatment and hospitalization allowance are generally for one year, and there is no need to specifically cancel it. Take consumer medical insurance as an example, if it is clearly stipulated in the insurance contract that only one year is required. Covering medical expenses incurred by domestic second-level hospitals or above does not cover medical risks while abroad. ”
Since some countries require the purchase of insurance with a specified insurance amount in advance when applying for a visa, international students can purchase insurance that meets the requirements first. For insurance required by your visa, purchase local insurance after arriving at your destination. Insurance experts pointed out that purchasing insurance for studying abroad can be divided into two steps. First, purchase a transitional insurance product in China to provide international students with personal safety and medical protection during the initial period of going abroad, and then purchase insurance in the place where they study. For insurance purchased in the place where they study abroad, parents should first confirm whether the school provides insurance agency services, and give priority to the mandatory or recommended student insurance plan in the country where they study; or consult local international students who have purchased insurance.
2. The insurance period must be read carefully
Insurance experts pointed out that the purpose of overseas study insurance is to protect the personal safety of international students throughout their overseas study career. For transitional insurance, short-term travel accident insurance can be selected , the insurance should take effect before boarding the plane to solve the short-term protection problem when you first arrive in a foreign country and have not purchased insurance locally. When choosing study abroad insurance, pay special attention to the coverage content and insurance period.
"For travel accident insurance with an insurance period of one year, you must pay special attention to carefully reading the insurance product terms." Insurance experts pointed out that although it is labeled as "one-year", it is actually " One-year term refers to "multiple round-trips within one year", requiring the insured to stay abroad for no more than 3 months at a time. This means that for international students who purchase this kind of insurance, they will be in a "naked insurance" state without any protection for the last 9 months of their overseas study life. Reporter Lin Wei