Student travel insurance is a much needed compare life insurance policy for students undertaking travel to study abroad. It is quite affordable and can be paid out of the students own pocket, and includes coverage for various expenses during the trip, such as medical, car expenses, baggage loss etc. There are different types of policies available for students, and some of them are given below: 1) Policy for backpackers: This is usually for gap year students, who may need this type of policy to spend their gap year in a relatively cheap form of international travel. This policy is quite cheap. 2) Single trip contract: This is preferable for students who plan to study long term at a place, and thus have a long stay already set for said place. 3) Annual multi-trip policy: This type of student insurance policy is for those who travel quite frequently between various places. This is mainly for students who have different courses at various locations during the year.