A glimpse at the following scenarios will help to understand the need to Travel Insurance! And there can be many more.
You get a Fantastic off-season deal at Mexican Resort in Riviera Maya. After a Dream flight, the hotel is fascinating & the food is excellent. Then all of a sudden there’s a hurricane alert.
YOU HAVE TO BE EVACUATED PROMPTLY & WITHOUT YOUR LUGGAGE
You are on a vacation in Israel, merrily floating in the Dead Sea when you suddenly choke on the Brine &
YOU HAVE TO BE EVACUATED TO THE NEAREST HOSPITAL AS A MEDICAL EMERGENCY
There are plenty of things that could go wrong while you are on a Trip despite how meticulously it has been planned. Travel Insurance secures you against the risk of incurring unforeseen medical expenses and other travel related emergencies, when you are bound to feel especially vulnerable due to the fact that you are in unfamiliar territory, far away from home. When unexpected illnesses or accidents occur while you are travelling overseas or you face other severe emergencies, having travel insurance gives you access to financial comfort, making the whole experience a lot less traumatic.
An International Travel Insurance might not immediately trigger a need in our minds and might seem like an unnecessary expense; however this could prove to be your best investment in case of a medical exigency. Consider the following example:
Naive Planner
Mr. Ignorant planned a vacation at Hawaii with a budget of 4 Lakhs
Kept approx. INR 30,000 for Medical Emergency
WHAT HE COULDN’T PLAN!
Slipped at the beach and hit his knee against a Rock. Landed in Hospital & hospital bill for 3 day stay was INR 5 Lakhs!
Because he had no Travel Insurance, he had to pay out of pocket & his total budget increased to 9 Lakhs
Smart Planner
Mr. Aware planned a vacation at Hawaii with a budget of 4 lakhs
Travel Health Insurance INR 2,834 for Medical Emergency
WHAT HE COULDN’T PLAN!
Slipped at the beach and hit his knee against a Rock. Landed in Hospital & hospital bill for 3 day stay was INR 5 Lakhs!
Because he had Travel Insurance, Hospital bill covered by Religare Health Insurance Company
In some cases medical insurance is mandatory for entry into some countries. For instance, a certain minimum medical insurance is a prerequisite requirement for a visa into the Schengen Area, which comprises 26 European countries that function as a single country for international travel purposes. Further, this insurance should be valid within the Schengen region for the full duration of your stay and it must cover any expenses relating to repatriation for medical reasons, urgent medical attention and/or emergency hospital treatment or death. Even if medical insurance is not mandatory in the country to which you wish to travel, it still makes sense to purchase travel insurance before you go because medical treatment outside India is extremely expensive. In fact, medical treatment abroad is approx. 3 to 10 times costlier than India. Explore – Our International Travel Insurance is Schengen approved.
Multi-Trip Policy: For frequent fliers especially business travelers, insurers offer multi-trip policies which help in substantial saving of cost when compared to taking multiple policies – one for each separate trip.
Duration/Per Trip limit: In multi-trip policy, after commencing the trip some insurers will cover only a certain specified number of days. Example 30/45/60 days per trip.
Pre-existing disease cover: covers the emergency medical treatment with a proportion of Sum Insured (10%) towards any pre-existing medical conditions
Personal Accident: Covers any unfortunate situation arising out of an accident, death or permanent total disability, while you’re traveling abroad.
Loss of Passport: Covers expenses for the issue of a new or duplicate passport.
Up-gradation To Business Class: Compensates for up-gradation to business class for return air travel, in case of hospitalization.
Dental Expenses: Covers dental expenses incurred in connection with any injury while on your trip.
Medical Cover: Covers hospitalization or treatment if during your travel you are diagnosed with an illness, or any life threatening previous illness.
Medical Evacuation: Covers costs incurred for any emergency transportation and evacuation services, the appropriate medical facility within our network.
Common Carrier Accidental Death: Lump sum payment of Sum Insured in case of accidental death as a passenger on a common carrier/transport.
Daily Allowance in case of Hospitalization: Pays a specified amount per day of stay at the hospital to meet numerous allied expenses.
2-way Compassionate Visit: Covers transportation expenses for one immediate family member to travel to the insured’s current location.
Return of Minor Child: Covers the return cost of your minor child to your home location, in case you’re hospitalized and travelling alone with your child/children.
Destination/Geography: Before travelling one must cross-verify if the insurer they are choosing covers the exact geography they are travelling to.
Sub-limits: It is wise to know what all one can claim should there be a need while there is a wide list of features available, some of them might allow the insured to claim only upto a certain amount. Also check if there is any threshold per-incident or per-claim.
Schengen Approved: If you travel to any country falling within the Schengen region, you must cross-check whether your travel insurance is valid. Same can be checked from the VFS website.
Geography based plans: A lot of insurers offer plans that are specific to a particular region. This helps the insurer in giving a cost advantage to the Insured since plans are priced also keeping in mind the cost of medical treatments in that specific region or scope of coverage required along with many other factors.
Exclusions: It is advisable to always check what is not excluded in your travel policy. Most insurers for example don’t cover adventure sports or sports that are considered hazardous in nature or pre-existing ailments etc. Knowing this will help you plan your excursions accordingly.
Process of Intimation of claim: It is wise to make sure you are aware of the timeframe in which an insurer would want you to intimate a claim. An insurer could tie-up with local service providers and in that case one should carry the requisite contact points.
Customer Care detail might be difference from a claim helpline: While a claim helpline number is usually printed on policy documents, it is wise to cross-verify contact points to contact in case of a service related enquiry since a claim team might not be able to offer assistance on the same. For example – a request for extension might have to be raised at a different touch-point.
Some insurers offer family option if more than 2 members are travelling for a cost advantage.
Some companies offer premiums on per day basis instead of slabs. For instance an insurer might charge for 180 complete (slab) while others could charge for as many days traveled and not necessarily 180 or similar slab.
With the advent of technology, buying travel insurance is easy and the complete process from quote generation to policy issuance is done within few minutes. Policy issuance is online and instant. This means even if one is at the airport waiting for their flight they can buy a travel insurance before commencing their flight.
Awarded at coveted event India's Most Preferred Travel and Tourism Brands, 2018 by UBM India
Call:1800-102-4488|1860-500-4488
For Travel Related Queries Only Call: 1800-3010-8330
Disclaimer: For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
UIN: IRDA/NL-HLT/RHI/P-T/V.II/23/14-15. UAN2: 18032483.
If you do not wish to receive such email communication from Religare Health Insurance in the future - click here to unsubscribe.