What Does Overseas Health Insurance Policy Cover?

In order to get the best treatment possible for complex diseases like rare cancers and other difficult to treat conditions, many individuals prefer to travel abroad to countries that are known for successful treatment of such diseases.This not only allows for better prognosis of the treatment, but also gives them access to the best health facilities in the world. For this purpose, insurance companies offer specific health policies that cover the cost of treatment abroad.

Many people confuse overseas health insurance with travel insurance. Travel insurance is designed to cover costs arising out of medical emergencies during travel. It only covers evacuation or treatment costs for medical requirements due to international travel. It does not cover the cost of overseas treatment that has already been diagnosed, planned and scheduled.Overseas health insurance, on the other hand, has specifically been made so that customers willing to pay a higher premium for better treatment overseas can avail the services of such a policy and schedule a trip abroad to undergo the treatment.

The main difference between your regular health insurance and an overseas insurance is that your basic health plan will not cover the cost of medical treatment outside India. Also, because the cost of treatment abroad is usually higher, the premiums for an overseas insurance are higher than the premiums for a regular health insurance plan. An overseas health insurance will also provide a higher insured sum to comfortably cover the cost of medical treatment abroad as compared to a basic health coverage policy.

• Protects your finances from the significant cost of medical treatment abroad
• Access to the best and most advanced healthcare in the world.
• Cover for medical emergencies abroad.

Thus, an overseas health insurance policy is a valid option if one prefers to undergo treatment abroad when they’re diagnosed with certain illnesses. When one travels abroad for treatment, they not only have to consider the high cost of the actual treatment and hospitalization, but also take into account accommodation costs, day to day expenses for food, travel and other miscellaneous expenses. An overseas health insurance can greatly help you in this regard because your medical costs abroad will be covered, allowing you to comfortably handle other expenses.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.