Why Buy Overseas Mediclaim Policy?Emergency Medical Expenses One usually travels abroad for various reasons- a pleasure trip, a business trip or a study trip . 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 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 a medical emergency. Medical Expense Coverage will cover you for accidents and emergency medical and dental care when you travel abroad. Overseas Travel Insurance plans cover outpatient, in-patient, medical aid, therapies and diagnostic tests costs incurred due to illness or accident. Wherever you go, go with all your heart, said Confucius but well, do not forget to buy travel health insurance before you leave for unknown lands. While you explore the world, let there be one less thing to worry about, your medical bills, in case of an unforeseen illness or accident. Life is so unpredictable and it is better to be prepared for a medical or financial emergency when you are in a foreign land. The pleasure of a trip abroad should not be hampered by finding oneself in a medical situation with no insurance to cover the medical bills which can run into thousands of dollars depending on the country you are visiting; or loss of baggage or important documents like your passport. There are travel insurance plans available which provide medical coverage ranging from US$ 15,000 to US$ 500,000 catering to ages 3 months to 100 years. These plans not only provide medical cover but also cover exigencies such as loss of passport, loss or delay of baggage, third party liability among others up to a specified amount. The insurers have tie ups with third party administrators (TPA) abroad which process and guide you regarding claims.
Accidental Death and Dismemberment
Travel is fun and exciting. Wherever you visit, exciting experiences await and so do many new adventures; however along with new adventures, there can also be risks. Accidental Death and Dismemberment (AD&D) insurance is something nobody wants to think about. But it can help your loved ones to be financially secure if an accident does happen while overseas..
There is no way to predict if an accident will occur and AD&D insurance coverage is an important part of protecting your family if you were to become permanently disabled or die prematurely while traveling.
Accidental Death and Dismemberment, also known as AD&D, coverage pays an indemnity (a lump sum payment) up to the amount specified in the travel insurance policy for the loss of life or dismemberment to the insured or their beneficiary.
Death benefits are paid at 100% of the policy limit; dismemberment benefits are paid at a percentage for one loss and increase for multiple losses up to 100% of the policy limit. Loss of life benefits are paid in addition to any benefits paid by other life insurance plans.
There are three different types of Accidental Death and Dismemberment coverage:
Common Carrier- This covers accidents occurring only while you are travelling in a common carrier i.e. airplane, cruise ship, train. It also covers incidents occurring while boarding and alighting from the common carrier.
Flight only- This cover only applies if the incident occurs while you were boarding/alighting or traveling on an airplane.
24 hour-This is a comprehensive cover which means that you’d be covered at all times during the duration of your trip, whether you were traveling on a common carrier at the time of any incident or not. This is continuous AD&D coverage from the time you leave on your scheduled departure date to the time you get back home.