We have seen many athletes and celebrities going abroad for treatment of critical health conditions. Treatment of critical diseases like cancer are highly advanced in some of the foreign nations and to take advantage of technological advanced medical care, high net-worth individuals often prefer to avail treatment abroad.
Due to better medical and healthcare facilities, most of the wealthy Indians avail treatment abroad. Health insurance is also helpful for Indian students studying abroad and travellers and professionals who make frequent trips to foreign countries.
Considering this trend and the evolving needs of the customers, many health insurance companies have launched health insurance plans which cover cost of treatment abroad. These policies come with a large sum assured and high premium and several other benefits like accommodation and post-hospitalization coverage to support medical treatment abroad.
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There are few health insurers that have identified the need to insure tourists and businessmen who fly frequently to foreign countries. There are several health insurance plans used by people who want to avail quality treatment abroad. Some of the insurers who provide cover for treatment in a foreign country are:
See Also: Exclusions of Health Insurance Policy
See Also: Health Insurance Benefits
Global Acceptability: Before purchasing the policy you must find out if the country you prefer for medical treatment is covered under the health insurance policy. For availing treatment in countries like Canada and U.S, a policyholder must pay extra charges.
Expenditure: The policyholder is covered up to the sum assured. These policies offer maximum coverage up to 1 Crore. These health insurance policies come in various types and the coverage depends on the type of policy availed. Some policies come with full coverage and some have a limit on the coverage offered for treatment abroad. The option of worldwide care is often provided to policyholders with high net worth, who can manage the cost of treatment abroad.
Mode of Payout: All policies do not offer a cashless health insurance facility. However, all the policies come with the reimbursement facility. In case your health insurance policies do not offer cashless facility, you will have to arrange funds to avail the treatment and later claim the reimbursement.
See Also: Health Insurance Plans
Premiums: The premium rates for these health insurance policies are generally high as compared to normal health insurance policies, due to the coverage. Availing treatment abroad is costly and so the premiums for these policies are also high. However, before choosing the health insurance plan, compare the policy based on other parameters like the waiting period and number of disease covered.
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