If you are buying a travel insurance policy, you are advised to compare the policy with the medical conditions to get maximum medical coverage. You should get the best cover for your needs by including the pre-existing conditions in the insurance policy. The common procedures will also cost you much. Hence, you are advised to go for a comprehensive policy to care of medical emergencies. You are advised to share complete information about your health condition so that there will not be any issues in settling your claim.
Objective of travel insurance
You can buy travel insurance for various purposes. There are various kinds of plans to cover students, families, groups. You can buy a plan to cover a pleasure trip as well as business trip. The following benefits are offered with travel insurance:
• Loss of luggage
• Emergency medical treatment
• Trip cancellation/trip postponement
• Loss of baggage or loss of travel documents
• Personal liability
However, you should take measures to cover major contingencies with the Travel Health Insurance plan. There will be great peace of mind when you are covered by a comprehensive insurance policy.
The contingencies that can be covered by the travel insurance plan are mentioned below:
• Emergency medical assistance
• Newborn cover
• Maternity cover
• Critical illness cover
• Rehabilitation
• Medical check-ups
You should assess the Medical Travel Insurance benefits before buying an insurance policy:
Overseas travel insurance plan from TATA AIG
• Accident & sickness medical expenses – The medical expenses to the maximum possible extent will be paid by the insurance company as per the limits. The injury or sickness can be overcome very easily with the insurance policy.
• Accident death and dismemberment – A percentage of the sum assured will be paid by the company if the risk is covered by the table of losses presented in the insurance document.
• Repatriation of remains – The expenses involved for the transportation of the mortal remains of the policyholder will be borne by the insurance company.
• Various kinds of plans – There are various kinds of plans implemented by the TATA AIG. These plans include Silver, Silver Plus, Gold, Platinum and Senior Plan.
Travel insurance cover from Bajaj Allianz
• Types of plans – Travel companion plan, Travel elite plan, travel prime plan
• Medical expenses – The cost of medical treatment, repatriation, and evacuation will be borne by the insurance company subject to the terms and conditions mentioned in the insurance plan.
• Emergency dental pain relief – you will get emergency dental treatment due to accidents or other reasons
• Personal accident – If the death of the insured person is less than 18 years, 50% of the sum assured will be paid.
Travel health insurance plan Bharti AXA
• Medical and dental expenses – Most of the medical and dental expenses are covered by the travel health insurance.
• Personal accident – Permanent or partial disablement is covered by the insurance policy. The premium covers the death caused due to accidents.
• Daily cash allowance – If the insured person is hospitalized beyond the specified number of days, the daily cash allowance will be awarded by the insurance company.
Tips to choose the best travel policy that covers medical conditions
• The reputation of the company – You should choose a policy from a reputed company. The financial condition and management of the company will certainly affect the selection of an insurance policy.
• Claim settlement ratio – The claim settlement ratio of the insurance company should be very high. If the company maintains a very high claim settlement ratio, there will be an edge over other companies.
• Additional riders – By including the additional riders, the value of the policy can be enhanced in a very efficient manner.
• Sum insured – the premium will be high if the sum assured is higher.
Coverage of medical risks
The insurance policy should cover medical risks in a prominent manner. You might face various health issues during travelling. If you met with an accident, you will want to bear hospitalization charges. The charges are very high in a foreign country.
The medical coverage includes hospitalization charges, ambulances charges, and dental treatment. When you are covered by a comprehensive insurance policy, you can get immediate medical attention and you can make the most of your investment.
The cashless treatment is a great bonanza that you can enjoy with the Travel Health Insurance. The sum assured will cover your medical expenses and there will be great peace of mind.
Conclusion
There are several reasons to compare various travel insurance plans. You will get maximum coverage at a minimum premium. Some countries will not allow you if you do not buy a Medical Travel Insurance. Further, the treatment in a foreign country is very expensive and you can avoid financial distress by choosing the best travel insurance plan that covers most of the medical conditions.
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