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Why Do You Need Health Insurance While Traveling Overseas?

Why Do You Need Health Insurance While Traveling Overseas

An overseas health insurance is a type of health insurance that protects you against the danger of hospitalization bills in a foreign nation. This coverage covers medical expenditures incurred by the insured when he or she travels outside of India. It covers both inpatient and outpatient medical expenditures.

However, this sort of coverage is also included in a travel insurance policy. Hospitalization and medical care costs in Western nations are skyrocketing as a result of the rigorous Food and Drug Administration standards in these countries. In such a case, if an ordinary guy becomes ill while visiting these nations, a large portion of his savings is lost. As a result, it is prudent to protect your funds from such financial disasters by obtaining offshore mediclaim coverage.

An overseas medical coverage not only covers your medical bills, but also protects you against luggage loss, airline cancellation, passport loss, and other unforeseen events.

Furthermore, most insurance companies provide customized packages for certain locations such as the United States, Australia, the Schengen zone, the Middle East, and others. So, the next time you plan a vacation, take some time to learn more about such insurance; it may save you a lot of money. ​

How Health Insurance While Traveling Overseas can Help You?

In reality, you may purchase international travel insurance online. It is quick and inexpensive. Furthermore, it provides coverage for lost checked-in bags, lost passports, medical crises, personal accidents, liability coverage, and so on. When planning an overseas journey, whether it is a single trip, a family vacation, a honeymoon, or a work trip, a travel insurance plan is a requirement. A travel insurance policy ensures that any financial losses incurred as a result of one or more travel and medical eventualities are covered. This way, you can relax and enjoy your trip without having to worry about anything. If you travel frequently, you might consider purchasing multi-trip travel insurance.

International travel insurance companies provide a variety of options to meet the needs of policyholders. Most of the variations available under this sort of insurance include features such as lost checked-in luggage, cashless hospitalization abroad, no medical exam for those over the age of 80, and so on.

Benefits of Health Insurance While Traveling Overseas

When making vacation arrangements, travel insurance may be the last thing on your mind. However, there are numerous benefits to purchasing international travel insurance online for your vacation, especially if you are traveling a long distance. We propose that you get the finest international travel insurance online to have a stress-free journey. Let’s take a closer look at some of the advantages of international travel insurance:

  • Emergency Medical Care and Assistance– It covers medical evacuation to the nearest hospital as well as treatment when Traveling overseas. It also covers pre and post-hospitalization expenditures, as well as repatriation costs. An international travel medical insurance policy is a type of travel insurance coverage that protects you against medical emergencies.
  • Trip-Related Adversities- It protects you in the event of a trip delay, cancellation, or restriction by paying the costs of your trip. It also covers you if your vacation is cut short for personal or business reasons.
  • Luggage Insurance- In the event of a baggage delay, the insurance provider will repay the additional costs paid or compensate you in the event of a whole loss of baggage.
  • Cashless Hospitalization– Foreign travel insurance guarantees that you obtain a cashless hospitalization facility abroad in the event of illness or an accident.
  • Legal Responsibility Protection- It offers coverage for legal liability stemming from inflicting harm to a third party. It pays for legal fees if you are involved in a legal proceeding.

Coverage in Overseas Travel Insurance

Coverage for Overseas Travel Typically, international travel insurance coverage is purchased before reserving a flight for a vacation. It protects individuals against specific risks such as medical protection, financial coverage, or any other loss. Take a look at the many types of coverage available with international travel insurance:

  • Student Travel Insurance covers a student who has traveled overseas to study.
  • Business Travel Coverage: It protects business travelers who travel overseas to attend a conference or perform onsite work.
  • Holidays/Leisure Travel: Holiday/leisure travel insurance protects those who travel to other nations for pleasure.

How Much Health Coverage You Get in Health Insurance While Traveling Overseas?

  • Any medical emergency
  • Emergency cash allowance
  • Personal accident
  • Medical evacuation
  • The loss of passport
  • Third-party liability
  • Hijack
  • Expenses incurred due to the repatriation of remains
  • The loss and delay of checked-in baggage
  • Any trip delays and cancellations or if you missed a connecting flight (Not all companies offer this, compare travel insurance plans to know more)

Exclusions and Inclusions from Health Insurance While Traveling Overseas

Exclusions

  • Traveling against Medical Recommendation- If the insured travels against the advice of his doctor, the insurance company will not pay for any medical expenditures incurred during the trip.
  • Pre-Existing Diseases– Under Travel Health Insurance, most insurance providers do not give coverage for any pre-existing medical condition or disease.
  • Intoxicant Intake– Any medical expenditures incurred as a result of an illness or damage caused by the consumption of intoxicants such as alcohol and drugs will not be reimbursed.
  • War or Civil Unrest – Any damage or sickness suffered by the insured traveler as a result of events such as war, an act of war, protest, strike, terrorism, and so on will not be covered by the travel medical insurance policy. • Cosmetic Treatment – The insurance provider will not pay any medical expenditures spent for cosmetic treatment or surgery.
  • Sexually Transmitted Illnesses and HIV AIDS – If the insured traveler obtains treatment for any sexually transmitted diseases or HIV AIDS while traveling, the costs will be covered by this insurance.

Inclusions

  • Medical-related Coverage: This form of coverage covers all medical requirements and emergencies in a foreign location, including emergency medical expenditures, hospital daily allowance, dental charges, medical evacuation, medical and body repatriation, accidental death, and permanent disability. Some insurance also covers the transportation or burial of the mortal remains.
  • Baggage-related Coverage: An international travel insurance coverage covers all unforeseeable baggage-related occurrences, such as the loss of luggage or personal papers, the loss of checked-in baggage, and the delay of checked-in baggage.
  • Travel-related Coverage: A foreign travel insurance policy covers all events that affect the overall trip, such as personal liability for third-party damage, financial emergency assistance (robbery, theft, dacoit, etc.), allowance, flight delays, trip delays, passport loss, legal requirements, missed connections, hijack distress and hotel accommodation (while recovering from medical emergencies).

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Written by Hardik Tokas

Hardik Tokas is a law graduate from GGSIPU, Delhi. He is an analytical thinker, an active team player who is proactive in legal research and writing, and has highly motivated enthusiasm for business, start-ups, and entrepreneurship. He has the vision to deliver excellent support to the visionary entrepreneurs and educate them in all legal compliances of applicable laws considering their business level and long term growth. He is a goal-oriented professional and a valuable member of the organization.

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