TIf you are one of the aspiring students who want to go abroad for study or one of the parents who want their son or daughter to be admitted in a famous foreign university you should also keep in mind that studying abroad involves a lot of risk. Medical expenses in foreign currency are highly expensive. Furthermore, students those who are living alone in a foreign country also wants family members to pay a visit and they also require support in case of events like illness or accident. Travel insurance for students covers them in all these events. Even if you avail a cheap student travel insurance that serves your purpose as you will have to pay the fraction of what you would have to pay otherwise.