National Overseas Mediclaim Business and Holiday Policy

National Overseas Mediclaim Business and Holiday policy is a very effective insurance plan offered under National Health Insurance that helps you deal with unwanted situations during your abroad trip.

This is a comprehensive travel plan that provides you with the required coverage to deal with a varying range of accidents, risks, and economic losses. This is a policy that is ideal for all people who are traveling abroad either for pleasure or for business.  Buying online National Overseas Mediclaim Business and Holiday will undoubtedly be helpful as it comes with

Eligibility Criteria

The minimum eligibility conditions to buy this policy are:

Type

Individual

Minimum Entry Age

18 years

Maximum Entry Age

70 years

Number of people covered

Individual

Residential Status

Indian Citizens

Coverage Offered

The scope of coverage under this policy is as mentioned below:

  • Comprehensive Cover- Individuals who buy National Overseas Mediclaim Business and Holiday will provide you coverage against medical expenses and repartition, loss or delay of the checked-in baggage, loss of passport, personal liability, and personal accident, among others.
  • Payout- This plan also offers a payout in the form of both reimbursement and cashless when you are traveling abroad. The process followed is the same for both medical and non-medical expenses.
  • Personal Accident- In case the insured meets with an accident during the trip, then all the expenses incurred for the treatment will be reimbursed by the insurance company. This will also cover the permanent total disablement of the insured.
  • Personal Liability- This policy provides you coverage till the entire limit of the cover gets exhausted. This will cover for the accidental damage or the accidental bodily injury caused to the third party due to the incident during the policy's tenure.

Inclusions of the Plan

The National Health Insurance Plan also covers the following:

  • Personal Liability
  • Medical evacuation.
  • Personal liability
  • Covers all categories of insurance when traveling abroad.

Exclusions of the Plan

 National Overseas Mediclaim Business and Holiday plan will not provide the coverage for the following:

  • Pre-existing diseases
  • Traveling against the advice of the doctor
  • Medical treatment, including a routine checkup
  • Claims arising due to participating in the naval, air force, or military operations
  • Claims arising due to suicide or intentional self-injury or alcoholism, mental instability, drug abuse, HIV diseases including AIDS
  • Claims that may arise because of participation in mountaineering, winter sports, or adventure sports

For a detailed list of exclusions, please refer to the actual policy document.

Features & Benefits of the National Overseas Mediclaim Business and Holiday insurance Policy

 Individuals who buy National Overseas Mediclaim Business and Holiday insurance policy will be entitled to several benefits listed below:

  • It compensates for the expenses caused due to medical evacuation, medical illness, and repatriation. This also includes dental medications up to USD 225 each occurrence.
  • This policy also covers the expenses arising due to personal accident and disablement up to a maximum of USD 25000.
  • Expenses incurred due to the delay or the loss of the check-in baggage
  • Injuries and property damage of the third party involved in that particular accident are covered. A maximum of USD 200000 will be paid to the third party.
  • The cost of traveling to Asian countries including Japan up to a maximum of USD 15000 for leisure as well as business trips

Cancellation of Policy

The policyholder can also cancel the National Overseas Mediclaim Business and Holiday policy in case the trip is canceled. This will, however, be done only after checking the passport. The entire amount will be refunded minus the cost incurred by the insurance company.

FAQs

Written By: PolicyBazaar - Updated: 09 February 2021

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