People have been traveling from time in memorial for Leisure, Business, Visiting Friends, Participate in Religious Activities, or even Medical Treatment. A snapshot according to World Tourism Organisation, UNWTO Report 2018, above, are the reasons why people travel around the world (see chart above).
What is obvious is that people always travel for a reason. Indians today travel to all corners of the globe, however the USA, UK, Australia, the Schengen countries of Europe, Dubai, Thailand, Sri Lanka, Maldives and other Asian countries are the popular travel destinations of Indians. The profile of Indian travellers also cover the entire gamut from small children to older travellers, from healthy travellers to those with pre-existing medical ailments. One of the travellers’ wish is that nothing untoward happens during the trip. But they could face any unforeseen exigency either medical or non-medical which could cause them financial and emotional stress. And this is why it is recommended that every traveller buys the best travel insurance available. One of the most important financial securities a traveller can avail while they travel within India or abroad is good overseas mediclaim insurance coverage. International travel involves buying overseas health insurance, while domestic health insurance insures travel within India. It is important to add international health insurance policy to your checklist/itinerary while you plan your vacation, be it for leisure or business or for any other reasons. Nowadays it is convenient and easy to buy International travel medical insurance online, you can use the online travel insurance premium calculator, review and compare benefits offered by different Indian visitors health insurance insurance plans and buy the best India travel mediclaim insurance online all without the hassle of making a call to an agent or visiting the insurance company office.
Insurance companies offering international travel insurance
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Insurance companies offering student medical insurance
Coverages offered
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Companies offering overseas travel insurance for senior citizens India
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Insurance companies offering Asia travel insurance
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Insurance companies offering Schengen visa travel insurance (VFS Global approved)
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Some insurers offer a plain Accident & Sickness coverage for 30,000 Euros, which is the minimum requirement for obtaining a visa.
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Insurance companies offering domestic travel insurance India.
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Insurance companies offering corporate travel insurance
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Insurance companies offering family travel insurance
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Now that one has chosen the type of policy you have to buy online, it becomes important to decide which insurance company’s policy to decide upon. Not all the general insurance companies who operate in India have expertise in selling and managing Travel Insurance. The important factors to taken into consideration with regards to the insurance company include:
Yes, all travel insurance companies do offer direct/cashless settlement to hospitals for inpatient treatment for Accident of Sickness expenses incurred by the insured traveler. Direct settlement is more often referred to as cashless settlement or payment and is the process where the insurance company issues a Guarantee of Payment (GOP) letter to the medical institution (Hospital) confirming coverage for the insured against the treatment being availed by the insured. This GOP is issued to the hospital after the insurance company/its TPA confirms that the insured does have a valid policy and the treatment/ailment is actually covered under the scope of the policy terms and conditions.
It is important for the insured / family member of the insured to inform the Assistance company as soon as the insured is admitted to the hospital for treatment to ensure they don’t end up spending any money from their pocket except the deductible payable for every claim.
The process for Direct / Cashless Settlement is as follows:
Some of the typical exclusions under the travel policy will include:
Get financial advice because,
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