: Millennials and Gen Z are driving demand for flexible, modular policies that can be modified via digital platforms.

Standard policies often lack the depth required for a full semester or year abroad. Specialized student plans typically include:

: Compensation for non-refundable tuition fees if a student must withdraw due to prolonged illness or family emergencies.

This paper examines the essential function of travel insurance within the framework of global higher education. As Bachelor of Science (B.S.) programs increasingly integrate international research, internships, and exchange programs, the "Student Travel Insurance" market has seen significant growth, projected to reach $15.5 billion by 2032. The study analyzes the risk mitigation strategies provided by these specialized policies and their impact on academic persistence and institutional compliance.