Travel Insurance or Visitor Insurance also known as Overseas Medical Insurance can cover your Medical Expenses, Personal Accident, Trip Delay, Loss of Passport and many more risks while you travel abroad.At Insurance Pandit, We offer a convenient way to compare Travel Insurance Plans offered by leading Indian Insurance companies. Not only you can select the best insurance product but also save money by comparing plans.1. Why do I need Travel Insurance?One usually travels abroad for various reasons- a pleasure trip, a business trip, a study trip etc. You do not want anything to ruin your hard earned holiday, foreign study or your crucial business meeting. But there is a possibility of some unexpected occurrence no matter how perfect the planning is. Unfortunate events such as baggage loss, passport loss, a medical emergency or an accident can affect you. Having Overseas Travel Insurance protects you from all such perils. It ensures that in the unknown foreign land. You are not left stranded in any kind of an emergency.2. What is a TPA?TPA stands for Third Party Administrator. The most essential service they provide is cashless medical services. They also provide the necessary information to deal with any problem regarding claims.3. When does the cover begin?The Insurance Cover commences on the day specified in the Policy Schedule or the time you board the conveyance to leave for onward overseas journey or the Contracted Departure Date as per the policy, whichever is later.4. Till when is the policy valid?Insurance Cover shall terminate (i) with the end of Insurance Period i.e. the period for which the premium has been paid or (ii) when the insured person first disembarks on return to India although insurance companies provide the benefit of Automatic Extension of the Policy if the completion of the insured journey is delayed solely because of a failure of public transportation or other services upon which the insured was reliant.5. Do I need to carry the policy along with me?You are advised to carry the policy along with you when traveling. This would make it handy once any claim arrives. But most important the policy details should be known to the insured when traveling like policy number.6. Is medical exam necessary for travel policy?Medical exam is required;Insurer Required? Age Country to be Traveled Sum Insured Available?Private InsurerPublic Sector UndertakingPublic Sector Undertaking YesYesYes > 71> 41> 61 WorldwideAmericasNon Americas As optedAs optedAs optedNote: If the insured is falling under the criteria of Medical Examination and not able to produce the Examination due to urgency for travel then only a person can be insured without giving any exam for a limited sum insured on the sole discretion of an insurance company.7. From where do I need to get all required medical exam?Although there are no specified list of Doctors/Clinics/Hospitals/Labs to get the medical exam but The New India Assurance Co. Ltd. Has its own list of Hospitals from where medical exam has to be done and these tests are to be verified from the Doctor M.D. only for all the companies.8. What type of Medical exam required?Normally three tests are taken by the insurance company e.g. E.C.G., Urine and Blood Sugar test but the required tests may be change from company to company depending upon the type of case.9. In case medical treatment is required, is there any need for any pre-approval before hospitalization?You would need to contact insurer’s third party administrator and they would arrange for the cashless claims for the medical treatment. In case cashless facility is denied for whatsoever reason may be, you can still apply for the reimbursement of your medical bills.10. Would I be reimbursed for the medical expenses incurred abroad, if I go specifically for the purpose of seeking medical treatment?The insurance covers you only for accidents or sickness which happen unexpectedly and unintentionally while you are traveling abroad. This is to ensure that you have sufficient peace of mind during your overseas trip. This policy does not cover planned Medical Expenses / Treatment overseas. |
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