International Student Exchange Program Insurance

A student exchange program is a program in which a student, typically in secondary, higher or graduate education, chooses to live in a foreign country to learn, among other things, the host countries language and culture.

Exchange Student Insurance Quote Form

J1 Visa

J1 Visa is a non-immigrant visa issued by the United States to such exchange visitors participating in programs that promote cultural exchange.  It is mandated by the United States Government that a J1 Visa holder and their J2 dependants are required to have a valid J1 Visa Insurance for the entire duration of the J program.

J1 Visa Health Insurance Requirements

  • The policy should provide at least $50,000 worth of Medical benefits per accident or illness and the deductible should not exceed $500 for the same.
  • It should also cover at least $7,500 for the repatriation of remains, to the home country, in the eventuality of death
  • It should not, without a valid reason, exclude coverage for any perils arising out of the activities of the exchange program.
  • It should be underwritten by an insurance corporation which has –
    1. an A.M. Best rating of “A-” or better
    2. an Insurance Solvency International, Ltd. (ISI) rating of “A-1” or better
    3. a Standard & Poor’s Claims-Paying Ability rating of “A-” or better
    4. or a Weiss Research, Inc. rating of “B+” or better

Resources

International Exchange program administrator at schools and university considering a group insurance program for their J1 and J2 visitors can review exchange group plans at http://www.nriol.net/exchange-program-group-insurance/. The administration of group plans is very easy (id cards management of all students, termination and additions etc.) and the payment has to be made from the sponsoring organization.

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