Student Secure Budget Plan Details |
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Period Maximum
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$250,000 (Participant)
$50,000 (Spouse)
$50,000 (Child)
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Deductible
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US$100 per injury or illness. Reduced to $50 if treatment is from Student Health Center.
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Co-insurance
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Claims incurred inside US: Underwriters will pay 80% of the next $10,000 of Eligible Expenses after Deductible, then 100% to certificate period maximum.
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Claims incurred outside US: Underwriters will pay 80% of the next $10,000 of Eligible Expenses after Deductible, then 100% to certificate period maximum.
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Pre-Existing Condition Coverage |
Charges resulting directly or indirectly from any Pre-existing Condition are excluded from this insurance during the first 12 months of coverage.
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Pre-Existing Condition Definition |
Pre-Existing Condition is any Injury or Illness which, within the 12 months prior to the Effective Date of Coverage, manifested itself, exhibited symptoms, or required medical treatment or medication, or for which a Physician was consulted.
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Coverage
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- Hospital Room and Board
- Hospital intensive care unit charges
- Physician visits, surgeon, Private duty nurse fee
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- Pre-admission tests
- Diagnostics: X-Rays
- Hospital emergency room
- Prescription Drugs
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Insurer
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Lloyd's, the largest and oldest insurance market in the world, is the insurer of Student Secure.
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Comparative Advantages of Student Secure Budget Insurance
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- Full time students and research scholars registered for universities outside their home country can buy this insurance.
- This plan can be renewed online up to 4 years.
- Full refund if the policy is cancelled before the policy start date. If the policy is after the policy start date after deducting the cancellation charges refund of premium for unused months will be paid.
- Option of covering dependent spouse and dependent children.
- Good PPO network.
- Pre-existing medical conditions are covered after a waiting period of one year.
- Coinsurance inside the US- Plan pays 80% of the first $10000 and 100% of eligible expenses.
- Coinsurance outside the US- Plan pays 80% of the first $10000 and 100% of eligible expenses.
- Get coverage for maternity care, routine care for a newborn child and therapeutic termination of pregnancy.
- This policy covers for evacuation, repatriation, emergency reunion, terrorism, intercollegiate or club sports.
- It also covers for mental health disorders, dental cover, physical therapy & chiropractic care.
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Some Limitations
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- After 60 days of risk start date, there is no refund for cancellation of the policy.
- The policy holder has to wait for an year for the preexisting diseases to be covered.
- $50,000 coverage for the dependent spouse and children.
- No coverage for AD&D
- Deduction of 50% penalty of eligible medical expenses if the insured fails to pre-certify the claims from the providers.
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