Global Travel Insurance Flashcards
What is the main issue with global medical insurance?
If Indians visit abroad, say for example, parents visiting kids in USA, insurance for visiting parents in USA is very expensive.
What risk does travel medical insurance cover?
Medical costs abroad are very high. Medical emergencies while travelling or staying abroad can be a big burden on savings.
Is medical tourism covered under overseas travel policies?
No. These policies normally cover people going on short trips, either for business or leisure. However, these policies normally excluded travel abroad for treating ailments that had been diagnosed in the country.
Which Insurer offers such global health insurance cover in India?
Bajaj Alliance - Global Healthcare Product. It has a vast medical network of 1.1 million providers, 7,15,000 doctors, and 25000 hospitals in 170 countries
What is excluded in Bajaj Alliance’s Global Healthcare Product?
Maternity Benefits and pre-existing diseases.
DO standalone health insurance companies offer such products?
Yes, Max Bupa and Care do, but the issue is that it is for selected disease or emergency treatments only.
Does one need to seek pre-approval
for all treatments abroad?
I It is always advisable to seek prior approval for all international treatments
- There are some covers for which pre-approvals such as living donor costs, palliative treatment and mental illness treatment are mandatory. Without these pre-approvals insurance cover won’t be provided.
