Here is another value-added service to our students!
GEHC Group has tied up with HDFC General Insurance Company ( India’s No: 1 Private General Insurance Company) to provide Overseas Student Medical Insurance service for students who are going abroad.
HDFC Bank Limited, India’s second largest bank with $79 billion in assets and Fairfax Financial Holdings Limited, a Canada based $26 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. HDFC’s success is the result of coming together of two of the most trusted names in the financial sector.
HDFC General Insurance company is tied-up with US based United Health Group ((No. 1 Health insurance company in the US) to provide health insurance products to all Indians traveling to the USA. Through this initiative, HDFC’s policy holders traveling to the US, who are covered by HDFC under Overseas Travel Insurance or Student Travel & Medical Insurance, will have access to the US-based healthcare firm’s programmes and services. This partnership is an innovative benefit for Indian’s, who are increasingly traveling abroad for leisure, business or educational purpose . This tie-up will also help in cut down travel hassles for Indians as they can access all hospitals of UnitedHealth in the US states.
All HDFC Overseas customers (Traveling to US) will get co-branded HDFC and UHI card, which they can present while obtaining medical care in hospitals.
HDFC was awarded the NDTV Profit Business Leadership Award 2007, also adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya GlobalConnect Customer Responsiveness Award 2006 and awarded the Gold Shield for ” Excellence in Financial Reporting” by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006. The company has been assigned an iAAA rating by ICRA (an associate of Moody’s Investors Service) for highest claim paying ability and a fundamentally strong position. The prospect of meeting policyholders’ obligation is the best.
HDFC General Insurance Company, has been awarded the prestigious ‘General Insurance Company of the year’ at the 11th Asia Insurance Industry Awards 2007 ceremony held at Singapore.
The company has over 10,000 employees in over 320 offices spread across 189 locations. In the financial year ended March 31, 2008, the company issued over 3.1 million policies across India and settled over 0.6 million claims. The company has a claim disposal ratio of 98% (percentage of claims settled against claims reported) as on March 31, 2008
Need for Student Overseas Medical Insurance Policy:
|Medical insurance is mandatory for most foreign universities including popular destinations like US, UK, Australia, Canada, New Zealand, etc.|
|Majority of universities abroad allow waiver from on-campus health insurance with comparable domestic insurance policies|
|Available at 1/3rd the university premiums abroad, HDFC Student Medical covers major medical, repatriation, evacuation, dental expenses, etc. and can be combined with the Plus Plan for additional coverage’s like medical expenses related to pregnancy, Mental disorders, Cancer screening, Mammography and Sports injuries.|
HDFC Overseas Student Medical Insurance Plan covers the medical expenses that a student may have to incure during his stay abroad and the loss during his travel from India to the country of study. The policy also covers his education expenses during an unfortunate eventuality and provides compassionate help.
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