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It is very important that you have good health insurance that is valid during the entire time your studies last. Health insurance is one of the obligatory requirements you will need for obtaining a residence permit for studies. Your health insurance must be valid upon your entry to Finland and your residence permit will only be valid for as long as the health insurance that you buy.
Also when applying for an extension for your residence permit, you must have valid health insurance. More information about what kind of an insurance you need is available on the Finnish Immigration Service's (MIGRI) website.
For all European citizens, the European Health Insurance Card is a necessity.