Travelling outside one’s home country for various reasons, such as leisure, business, or even education, is becoming increasingly common in today’s globalised world. However, going abroad can involve risks and unforeseen circumstances, so having insurance is essential.
By insuring yourself, you can rest easy knowing that should the unexpected occur; you’ll always have access to high-quality medical care and qualified healthcare providers wherever you are in the world. However, a global health insurance plan and a travel insurance plan should be more frequently understood. Both of these plans provide coverage for you while you are travelling outside of your home country, but they do so for various risks that may arise.
Worldwide Health Insurance
This type of insurance offers comprehensive medical coverage and access to high-quality healthcare services for pre-planned cashless hospitalisation. It is also known as global health insurance or international health insurance.
Plans for international health insurance frequently offer advantages like access to prestigious network hospitals in the US, UK, Singapore, etc. To receive cashless services anywhere in the world, one can choose an insured sum of up to Rs 6 crore. These insurance plans pay for pre- and post-hospitalization, doctor visits, prescription medications, emergency medical evacuation, and hospitalisation costs. Claims are subject to terms and conditions set forth under the travel insurance policy.*
International Travel Insurance
This type of insurance, specifically made to cater to short-duration trips and address travel-related adverse events, covers medical emergencies while visiting a foreign country and other financial emergencies that may arise while travelling internationally.
It is made to guard travellers against unanticipated occurrences like trip interruptions or cancellations, lost or delayed luggage, unexpected medical costs, and other travel-related mishaps like losing a passport or other belongings. Some travel insurance plans also cover theft or break-ins while you are on a trip abroad for your home or apartment. Claims are subject to terms and conditions set forth under the travel insurance policy.*
Worldwide Health Cover Versus International Travel Insurance
Type Of Coverage: Comprehensive medical coverage is offered by international travel medical insurance against pre-planned hospitalisation for life-threatening conditions like cancer, heart surgery, kidney transplant, etc. Claims are subject to terms and conditions set forth under the travel insurance policy.*
Coverage Duration: Travel insurance can be purchased for just a few days or months because it typically only covers the specific length of the foreign trip, whereas international health insurance, like a regular health insurance plan, is a long-term insurance, ranging between 1-3 years. For instance, you can purchase travel insurance only for the ten days you will be visiting a particular country, let’s say, the UK.*
Cost: Global health insurance plans typically cost 30–50% less than domestic ones while giving customers access to planned global medical care. On the other hand, travel insurance is typically quite affordable because it offers protection against travel-related adverse events in specific countries for a limited time.*
The crucial question is which one you ought to purchase. In most cases, a customer should select both. If you are planning a trip to Dubai in the coming days, theft, lost luggage or passports, medical emergencies, and other unfavourable events are all covered by travel insurance for Dubai. On the other hand, global health insurance is a type of medical insurance that enables access to pre-arranged care in the ideal medical facilities anywhere in the world.*
*Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
