Whether you are a student, professional or businessman, if you travel abroad frequently for work or leisure, you may seriously consider purchasing a global health insurance policy.
This insurance will help you if you get sick in a foreign country. You may panic at the thought of being in a strange land. Medical facilities and treatment will be very expensive. You must have health insurance in India, but it doesn’t cover much abroad. Travel insurance also has its own limitations, so travel insurance may not be sufficient in some cases.
This is exactly when global health insurance comes to your rescue.
Bhaskar Nerurkar, Head of Health Management Team at Bajaj Allianz General Insurance said: Across geographic boundaries for emergency and elective care. ”
This product is suitable for people who:
1. Parents residing in India who regularly visit their children settled abroad.
2. Senior managers of multinational corporations (MNCs) residing in India and frequently traveling abroad.
3. Ultra High Net Worth Individuals (HNI) who reside in India and who frequently travel abroad for leisure and/or business.
Nerurkar adds: “Another unique feature of this product is that its seamless nature allows post-operative rehabilitation to be carried out in India if the policyholder so chooses, even if the actual treatment or surgery takes place outside of India. It is possible to continue.”
Global health insurance vs. travel insurance
Travel insurance plans are usually intended for people traveling outside India for a short period of time. Flight cancellations, loss of personal belongings, and medical emergencies are common contingencies covered by most travel insurance plans.
International health insurance plans, on the other hand, are designed to provide more comprehensive coverage for inpatient treatment and ongoing treatment of chronic illnesses outside India.
Additionally, the purpose of travel insurance is to be healthy enough to return home. Travel insurance rarely covers long-term treatment. Also, when you return to your home country, your travel insurance coverage ends.
In other countries, global health plan coverage lasts for 365 days and coverage continues after the person returns to their home country.
Things to keep in mind when choosing global health coverage
Find out if global health policies provide coverage worldwide for elective as well as planned treatments. This coverage should not only facilitate ongoing treatment in the insured’s home country, but should also be seamless if the insured so chooses.
We also need to ensure that global health policies cover not only inpatients, but also pre- and post-hospital costs.
Some global health plans in the market require that a diagnosis be made in India in order to receive treatment abroad. It is recommended that treatment be allowed regardless of
Geographic Coverage: Most global health plans on the market offer two types of geographic coverage, either inclusive of the United States or exclusive of the United States. You can choose the right plan with the geographic coverage you need. Plans that exclude the US have lower premiums than plans that include the US.
The most important thing is to check the credibility of the insurance companies that cater to international claims and the ease of the process of registering claims while in hospital outside India.
