Travel Health Insurance: Sudden sickness or accident on a foreign land generating huge medical expenses can be dealt with travel health insurance. Find the best plans at policybazaar.com.
Travel insurance travels along with you wherever you go. Travel insurance provides you protection against any contingency. Travel insurance ensures your safe trip and free of any worries. Travel insurance policy is a must to carry along with baggage and your travel documents as well. Travel insurance can be bought for a single trip as well for multiple trips. Health care costs have gone up a long way in India and it is too expensive in foreign countries. So, it is advisable to carry a sufficient travel health insurance while travelling abroad. The premium paid for buying overseas travel health insurance will be a small portion of the overall travel expenses especially when considering the medical maximum sum assured by insurance companies.
Travel health insurance benefit travellers suddenly falling sick or meeting with an accident. Some travel insurance policies cover pre-existing illnesses as well on the payment of extra premium. The coverage of medical travel insurance focus on the medical expenses incurred in case of sudden illness or injuries during your trip. Travel health insurance provides both pre and post hospitalization expenses. It provides whole financial protection for medical treatment as well as cost of carrying a patient to the hospital by reimbursing ambulance charges. Medical travel insurance provides protection in case of temporary and permanent disability as well which can hinder future of the insured individual.
Read More About Importance of Medical Travel Insurance
Travel and health insurance is a booming sector in India. There are various public and private players providing travel and health insurance as well as medical travel insurance. Every insurer worth its salt is getting into the act, competing with its opponents to bring out plans that cover the most obscure risks imaginable. Various companies providing insurance are rolling out new plans to attract new customers. Below is the list of few of the travel insurance providers in the country.
It becomes difficult for an individual to select a travel insurance plan as there are lots of options available in the market. With market opening up and to capture market share, every player is introducing new plans every other day. So, in order to decide a travel insurance plan, one should compare plans that meet your eligibility. Comparison of health plans enables a person to find a cheaper plan with desirable and suitable plans.
Why is it important to have travel insurance?
By opting to purchase travel insurance, you are protecting yourself against any travel related risks such as loss of baggage, trip cancellation, unexpected hefty medical bills in a foreign land, etc. The cost of medical treatment in most of the foreign countries is sky-high; there one single hospitalisation is enough to wipe out your entire savings. Here’s why you need travel insurance.
Am I required to undergo any medical examination prior to buying a plan?
No, there is no medical check-up needed up to the age 65 or 70. However, age limit may differ insurer to insurer.
Can I buy travel insurance with a pre-existing condition?
Mostly, pre-existing health conditions are not covered. But this doesn’t mean that you can’t take up a plan. It is just that any claim arising related to that illness will not be accepted.
Can I buy travel insurance even after booking a flight?
Good news is that you can even buy a travel plan after your flight tickets are booked and until your actual travel date doesn’t arrive.
Is travel insurance compulsory?
Travel insurance is not mandatory in India, but yes for some of the foreign countries like UK, Greece, Portugal, Austria, Belgium, Netherlands and Luxemburg.
Is policy cancellation possible?
Yes, you can cancel the policy under one condition - if you cancel your trip. You will have to provide a proof by submitting your passport, which will testify that no journey has been undertaken.
Can I buy travel insurance for my aged parents?
Yes, you can. There are many insurers who offer travel insurance for senior citizens, aged between 65-70. However, compare the plans on parameters such as inclusion of pre-existing illness or other benefits.
Does travel insurance cover personal liability?
Personal liability means when you are unintentionally involved in an accident with others and inflict some damage on a third party’s property. Just check with your insurer if it offers coverage for third party liability as well.
What does trip-cancellation travel insurance mean?
In case you cancel your trip due to a natural disaster, illness, injury, death of a close relative, traffic accidents etc., your insurer will reimburse the amount if you own a trip-cancellation plan.
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