Decoding Insurance

Everything about Global Health Insurance

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Everything is new when you first land in a foreign country. Familiarising yourself with the norms of the place and the laws of the land may take a while. However, bad news never has good timing, so if you fall sick or happen to be in an accident there, you could find yourself in a fix. In case of an unfortunate accident or sickness, the first thing you would need is medical attention. This is where Global Health Insurance plans come to the rescue, obliging the promise of health for all.

After two years of disrupted international travel situations, people have finally started to step out for overseas travel. With this, the traveller's spirit has begun to set out once again. According to the latest edition of the UNWTO World Tourism Barometer, international tourist arrivals increased by 58% in July-September 2021, compared to the same period in 2020. These figures also come as a boon for high-income patients who prefer to get treated overseas and wish to avail the medical and technological advancements of developed countries.

With the prospect of overseas travel opening up, now could be a get a Global Health Plan if you are planning on international travel. However, before venturing out into the world for travel, it is essential to have pre-planned quality healthcare. Global Health Insurance in India can provide you with considerable support while travelling abroad.

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The Need For Global Health Insurance

Unlike travel insurance, global health policies are not solely for a fixed time. Additionally, policies offering a global cover provide enhanced coverage along with a regular insurance policy. While travel insurance also does not cover a pre-planned hospitalisation for medical procedures in a foreign hospital or any pre-existing illnesses, these facilities are available with Global Health Insurance. Moreover, travel insurance also forbids you from receiving insurance coverage for any medical treatment upon your return.

However, with Global Travel Insurance, such privileges are secured, and you get the top medical facilities under all circumstances. It is the primary reason for the rise in popularity of Global Health Insurance. By assuring safe healthcare support to the masses travelling abroad like tourists, working professionals, foreign students, and patients seeking intensive medical treatment, this insurance is penetrating the market as a sensible step towards securing the future.

Generally, the insurance premium of people travelling for work is funded by their employer. Besides this highly advantageous benefit, the plan also covers medical expenses in your home country as well. Therefore, instead of getting a domestic insurance policy, you could get Global Health Insurance for consistent benefits on the go. Besides these, there are a lot of other benefits and facilities that you can enjoy. Here are some other useful perks of Global Health Insurance:

1. On of the better features in Global Health plans is the Flexible Coverage benefit. It ensures that you receive no-compromise insurance coverage, irrespective of the treatment cost.

2. Hospitalisation cost is included in such plans so you can enjoy coverage for hospital bills. This is very helpful if you fall sick abroad, as you might not have someone to look after you there.

3. Global Health Plans also provide coverage for pre-existing ailments. So, if you already have a pre-existing ailment that acts up when you're abroad, your policy will cover treatment costs for such diseases too.

4. All Evacuation costs are inclusive of the cover in a Global Heath plan. This acts as a big relief as medical transport costs for ambulances, etc., are usually exorbitant abroad.

5. Global Health Plans also covers the costs of anaesthetic, pre-and post-surgical care, in the event of surgery.

6. With the Outpatient care facility, you need not worry about the costs even if you need a hospital stay for less than a day.

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Things to keep in mind while getting Global Health Insurance:

1. Make sure to understand the frequency of premium payments. It includes finding out if the payment is required on a monthly basis or annually.

2. Check the waiting period for the policy in advance as it is the amount of time taken for an insurance policy to become effective after it is bought. Usually, it ranges from 30-45 days after the purchase.

3. Finding out about exclusions is also of primary importance. Alongside, figure out the maximum coverage limit and how many times can you raise claims in a policy year. These factors will help you assess if the policy is adequate for covering emergencies.

4. Pay attention to the hospital network that the insurance company has and check the accessibility of these hospitals. It will ensure that you have hassle-free medicare at your beck and call.

5. Lastly, familiarise yourself with the claims process of the company. Make sure you have all the documents that you need to provide your insurer for verification like prescriptions, bills, etc.

Hence if you're looking to travel abroad any time soon, be sure to look up Global Health Insurance. It is the most comprehensive way to secure yourself and those travelling with you, both in your homeland and abroad.

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