In the magnificent world of insurance, students are the young acrobats on the high wire of life, always mindful of minimizing financial risks. It is essential for investors and individuals to understand which insurances are important for these young adults. This article explores the key insurances that students need to secure their financial future while enjoying their academic journey without worries.
Health and Supplementary Insurance for Students: A Fundamental Protection for the Study Path
Students in Germany face the important decision of covering their financial risk during their study period. A central pillar of this protection is health insurance, which can be usefully supplemented with various complementary insurances. Public Health Insurance (GKV) is very popular among students, mainly because it is generally free through family insurance until the age of 25. The condition is that the parents are also publicly insured and the student’s income is under 556 euros (data from January 2025). Subsequently, or in the event of exceeding the age limit of 30 years, students can use student health insurance, which includes a monthly contribution of about 109 euros plus care insurance.
In contrast, the Private Health Insurance (PKV) for students offers individual advantages. A fundamental advantage is the absence of an income limit with often more favorable rates. However, this option is not available if one decides to opt-out of the GKV requirement, as it is no longer possible to return to the GKV during studies.
In addition to these basic health insurances, supplementary insurances represent a useful complement. For example, a dental supplementary insurance covers costs not fully covered by the GKV, both for dental prostheses and complex implants. Another consideration should be given to liability insurance, which protects students from potential claims for compensation and minimizes financial risk in daily life.
In case of stays abroad, whether during a semester abroad in the EU or traveling to non-EU countries, different regulations must be considered. Within the EU, GKV remains valid but with the limitations and services of the destination country. For stays in non-EU countries, a long-term health insurance for abroad is essential.
Finally, international students should consider a tailored insurance solution, such as Provisit Student, specifically designed for students over 30 years old. This covers the requirements of German universities and offers comprehensive insurance coverage.
The choice of the right insurance depends on individual circumstances. A well-calibrated insurance portfolio ensures that students can focus on their academic goals without worries during their education.
Protection through Disability and Accident Insurance: A Must for Students
Protection through insurance is an important step for students towards independence and security. In particular, disability insurance (BU) plays a crucial role as it protects against long-term financial risks of professional disability. It is often underestimated that students should take care of such insurance during their studies. In fact, an early conclusion not only allows for advantageous conditions but also promises significant financial benefits in the years to come.
The disability insurance is the financial life buoy when the ability to work is permanently limited due to health issues. The public disability pension often does not provide sufficient protection to maintain the usual standard of living. Therefore, it is advisable for students to take out disability insurance as soon as possible to benefit from lower premiums. This way, high rates that may apply in the case of pre-existing conditions are avoided. Comprehensive BU protection ensures not only the current income but also allows for adjustments in case of changes in living situation, often without the need for a new health assessment.
In addition to the long-term security offered by BU, accident insurance provides immediate financial assistance in case of accidents that lead to permanent damage. This insurance usually provides a one-time payment that can be used for necessary modification interventions or immediate medical costs. Especially for students traveling or engaged in sports activities, this protection can represent a decisive advantage. Although accident insurance only covers a part of the possible scenarios, it perfectly complements disability insurance. It does not compensate for the long-term financial consequences of professional disability but offers security in case of unexpected events.
In general, it is important for students to confront their insurance coverage. A constructive dialogue with experts and insurance consultants can help find the right solution for each individual, thus laying the foundation for a secure future. Even though accident insurance can be useful in student situations, disability insurance remains the central tool to ensure long-term financial stability. It is particularly beneficial for young people to compare various insurance offers and make an informed decision.