If you are a student, professional, or businessperson who frequently travels abroad for work or pleasure, consider buying health insurance seriously.
If you get sick while traveling, this insurance will come in handy. If you panic, believing you are in a foreign country, medical care and facilities costs would be prohibitive. Even though you must have health insurance at home in India, it will offer little protection abroad. Additionally, because it has restrictions, your travel insurance might need to be revised in some circumstances. A global health insurance policy would be beneficial in this situation.
Global healthcare has been designed keeping in mind the needs of people looking for seamless coverage, covering emergency treatment costs and elective treatments across geographical boundaries.
This product caters to the following people:
- A parent in India frequently travels to see their child who has moved away.
- An Indian-born senior executive of a multinational corporation (MNC) who frequently travels abroad on business.
- Students who moved abroad for higher education.
- Indian residents with high net worths (HNIs) frequently travel abroad for pleasure, business, or both.
Another unique attribute of the product is that due to its seamless nature, even if the actual treatment or surgery occurs outside India, the post-op rehabilitation can continue within India or vice versa if the insured chooses.
Travel Insurance Vs. Global Health Coverage
A travel insurance plan is usually appropriate for short-term trips outside of India. Flight cancellations, personal property loss, and emergency medical care are typically covered perils in most travel insurance policies. On the other hand, an international health insurance plan offers more extensive coverage for inpatient treatment outside of India and ongoing care for chronic conditions. Furthermore, getting the traveler well enough to return home is the goal of travel insurance. Long-term medical care is rarely covered by travel insurance. Additionally, the travel insurance coverage ends once the person returns to their country of origin. Claims are subject to terms and conditions set forth under health insurance policy. *
Things To Consider When Choosing Global Health Insurance
Verify whether the global health policy covers both planned and elective treatments globally. This coverage should be seamless and enable the insured to continue receiving care in their home nation. Additionally, one should confirm that the global health policy covers outpatient and pre- and post-hospitalization costs. According to some global health insurance plans, the diagnosis must be made in India before receiving treatment abroad. It is advised to choose a method without such restrictions that allows the insured to receive treatment regardless of the diagnosis.
Most international health insurance policies on the market provide coverage that includes or excludes the United States. A suitable plan with the necessary geographic coverage can be chosen. Opting for a global health insurance plan can provide valuable benefits and peace of mind for individuals who frequently travel or live abroad. It offers comprehensive coverage, access to quality healthcare services worldwide, and financial protection against unexpected medical expenses. While the cost may be higher compared to local health insurance plans, the broader coverage and convenience make it a worthwhile investment for those seeking robust healthcare protection beyond their home country. Claims are subject to terms and conditions set forth under the health insurance policy. *
Coverage And Benefits: Carefully review the coverage options and benefits provided by the insurance plan. This includes inpatient and outpatient coverage, coverage for pre-existing conditions, maternity benefits, dental and vision care, emergency evacuation, and more. Assess your specific healthcare needs and choose a plan that aligns with them.
Claim Settlement Ratio: The claim settlement ratio of the insurance provider is a critical factor. It indicates the percentage of claims that the insurer has successfully settled. A higher ratio suggests that the insurer has a better track record of fulfilling claims. Research this statistic to ensure a reliable insurance provider that will support you when you need it most. *
*Standard T&C Apply
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