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If You Travel Abroad Frequently, A Global Health Cover Might Be Better Than Travel Insurance

If you frequently visit overseas for work or leisure, whether you are a student, a professional, or a businessman, you might seriously consider buying a global health cover.


This insurance would come in handy should you fall ill in a foreign land. You might panic, thinking you are in an alien land, and medical facilities and treatment would be super expensive. Though you must be having a health insurance policy back home in India, it won’t provide much coverage abroad. Also, your travel insurance may not be sufficient in some cases, as it has its own limitations.


This is exactly when a global health insurance policy would come to your help.


Says Bhaskar Nerurkar, head, health administration team, Bajaj Allianz General Insurance: “Global healthcare has been designed keeping in mind the needs of people who are looking for a seamless coverage, which would take care of treatment costs not only within India, but also across geographical boundaries for emergency as well as elective treatments.”


This product caters to the likes of the following people:


1. A parent residing in India who regularly visits his/her child who is settled abroad.


2. A senior executive of a multinational company (MNC) who resides in India and travels overseas frequently for business.


3. Ultra high-networth individuals (HNIs) residing in India who travel abroad frequently for leisure or business or both.


Adds Nerurkar: “Another unique attribute of the product is that due to its seamless nature, even if the actual treatment or surgery takes place outside India, the post-op rehabilitation can continue within India or vice versa if the insured so chooses.”


Global Health Cover Vs Travel Insurance


A travel insurance plan is typically meant for those travelling outside India for a short duration. The contingencies that are generally covered in most travel Insurance plans are flight cancellations, loss of personal belongings, and emergency medical treatment.


On the other hand, an international health insurance plan is designed to provide more comprehensive coverage for inpatient treatment outside India, and continuing treatment of chronic conditions.


Moreover, the aim of travel insurance is to get the person well enough to return home. Travel insurance rarely covers long-term medical treatment. Also, once the person returns to his/her home country, the coverage under travel insurance ceases.


Elsewhere, a global health plan coverage lasts for all 365 days, and the coverage continues even after the person returns to his/her home country.


Things To Keep In Mind When Opting For A Global Health Cover


Check whether the global health policy provides coverage across the globe for planned as well as elective treatment. This cover should be seamless, as well as facilitate the ongoing treatment in the insured’s home country if he/she chooses to do so.


One should also check that the global health policy covers not only in-patient, but also pre- and post-hospitalisation expenses.


Some global health plans in the market mandate that the diagnosis is made in India for taking treatment abroad. It is recommended that one goes for a plan without such condition and that the insured is allowed to take treatment irrespective of where the diagnosis is made.


Geographical coverage: Most global health plans in the market offer two types of geographical coverage i.e., including the USA or excluding the USA. One may opt for the appropriate plan with the required geographical coverage. Plans that exclude the USA have lower premiums than those that include the USA.


Most importantly, check the credibility of the insurance company that would cater to international claims and the ease of the process of registering a claim while one is hospitalised outside India.


Source: Outlook India

4 Reasons You Need a Travel Protection Plan

4 Reasons You Need a Travel Protection Plan

1. You’ve invested a significant expense in your trip. If you have to cancel, you’ll lose that money.

Canceling a trip is a bummer enough. You don’t want to lose your entire trip investment on top of it. The Trip Cancellation benefit covers you in case you or a family member becomes ill or seriously injured before your trip, or if there’s a death in the family.


You can also be covered in the event of natural disaster or bad weather impacting your home or destination, or if your travel supplier (such as an airline) goes bankrupt or on strike. There are more reasons too – read them all in the policy.


Don’t want to be bound by the reasons outlined in the policy? Upgrade your plan with the Cancel For Any Reason option and you can cancel your trip for any reason at all!


2. Once you’ve departed on your trip, plans can still go wrong.
Unfortunately, baggage loss or damage is not uncommon. Neither are travel delays. Our plans offer coverage for these scenarios. And if your trip is interrupted and you have to leave early? Our plans cover that too. 


So you can feel more at ease packing up to leave your loved ones and your home behind, knowing that if something happens, you have coverage and help to get you back home. You need coverage in case you get sick or injured while away from home.


And within the many plans provide limited coverage out of your region. If you get sick or injured on your trip, access to medical coverage is important. 


This is not the case, particularly for visitors to other countries. Many travelers have been shocked at the cost of care abroad. And let’s go one step further…what if you become sick or injured on vacation and don’t heal immediately.


How will you get home? All our plans provide coverage for Emergency Medical Evacuation, enabling you to get to an adequate facility for treatment, then transported home if needed.


3. A travel protection plan gives you access to 24/7 assistance no matter where you are in the world.

Let’s say your passport was lost or stolen in Europe. Or your prescription medications were left behind in a hotel in Buenos Aires. 


Or you twisted your ankle on a hike in New Zealand and need to find a doctor. Who do you call or where do you go for help? With our plans, it’s easy.


Your plan comes with access to 24/7 Travel Assistance services, available at any time, from anywhere in the world. 


If at any point you have any question during your trip or need assistance with ANYTHING, you can call the numbers provided and get assistance from someone in your native language. Wouldn’t it feel nice to know that someone always has your back?


4. It’s a small price to pay to gain peace of mind.

We hope your trip goes completely smoothly. But think of the investment you made on your trip. Would you be comfortable losing it all in the event of a cancellation? 


And perhaps more importantly, think of the huge expense you could face if you become sick or injured while traveling and need medical care or an evacuation.


Covering yourself for the risks will make your trip all the more enjoyable and relaxing. And that’s the whole point, right?