Buy Health Insurance Policies That Cover Your Treatment Abroad

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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Buy Health Insurance Policies That Cover Your Treatment Abroad

Companies Providing Health Insurance That Offer Cover for Treatment Abroad:

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:

• Religare health insurance company
• Max Bupa health insurance
• Cigna TTK health insurance
• Apollo Munich health care

See Also: Exclusions of Health Insurance Policy

Features of These Health Insurance Policies:

• These policies offer guaranteed coverage for treatment abroad, along with coverage within India and cover up to Rs 1 Crore of expenses incurred on medical treatment.
• Policyholders can also avail treatment and facilities like daycare treatment, room rent coverage, ICU charges, health check-up charges and ambulance coverage under these insurance plans.
• Some of the policies also cover doctor’s fee and other charges like medicines, OT charges, cost of equipment required during implants.
• These policies offer health coverage for any medical treatment incurred abroad and can be claimed through both cashless and reimbursement facility.
• These health insurance policies also come with add-on riders which are additional benefits at additional premium.
• Most of these policies offer coverage for accommodation and post-hospitalization to help the insured get adequate and good treatment without having to worry on expenses.
• The policies offer a host of benefits like family-floater, online policy management, no-claim bonus and so on.
• Some of the illnesses covered under these health plans are – cancer, heart valve replacement, bypass surgery, organ transplant, neurosurgery, bone marrow surgery, brain surgery and stroke. The coverage differs across policies. These health plans offer coverage for both critical illnesses as well as a pre-existing medical condition.

See Also: Health Insurance Benefits

Some of the Important Factors to Consider While Purchasing Global Health Insurance Policies:

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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