According to UNWTO World Tourism Barometer, international tourism grew by 4.4% in the year 2015 and it is growing at a fast pace. Every year, around 1.2 billion people travel abroad and they have to face several issues while traveling in a foreign land. “Travel Insurance or Health Insurance, Which is the Best Option for You?” well, it’s a bit confusing.
Going for international travel is an exciting experience, but you must be prepared to face the unexpected. There are several instances when people need emergency medical treatment or they loss their baggage while traveling, loss of personal documents, the loss incurred due to flight delay/cancellation, etc.
In order to tackle this scenario, people are looking to buy an insurance plan for their overseas travel. But, there are confused between Travel Insurance and International Health Insurance. Actually, people don’t understand the difference between these two policies that leave them in a difficult situation overseas.
In this blog, we will help you understand Travel Insurance and International Health Insurance.
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What is Travel Insurance?
A travel insurance plan would be the right choice for those on a pleasure or business trip and it is designed to cover you for trips of limited duration.
- Loss of baggage
- Personal liability
- Loss of personal belongings
- Trip delay/cancellation/curtailment
- Accidental death & dismemberment
- Repatriation of remains,
- Travel Insurance provides cover for the following contingencies.
- Emergency medical treatment & emergency medical evacuation, etc.
It’s not an exhaustive list of coverage available under travel insurance. The plan benefits and the coverage available may differ from one plan to another.
When choosing a travel insurance plan, it is advisable to look upon a plan that provides coverage against major contingencies that you may have to face while traveling abroad.
In case, you have opted for Tata AIG Travel Guard Policy, you can avail following benefits.
- Medical expenses due to accidents and sickness, while traveling are covered.
- Checked baggage loss is reimbursed up to 50% per bag and per article, 10% amount is reimbursed.
- Compensation for reasonable expenses incurred due to Baggage delay.
- Other perils such as Loss of Passport, Personal Liability, Hijacking, Flight Delay, Automatic-extension of the policy, Accidental Death And Dismemberment, and Sickness Dental Expense is also covered under this policy.
What is International Health Insurance?
An international health insurance plan is designed for expatriates working or living overseas for a long period of time. It provides cover against the emergency and routine health care expenses and this health insurance plan provides you the flexibility to approach a doctor and/or treatment facility of your choice.
With an international health insurance plan, you can receive treatment anywhere within the region of the cover. For those who have a home abroad or relocating there and looking for comprehensive medical cover, choosing one of the best health insurance policies is the right choice.
Check out this Article: Things You Should Know While Planning Your Studies Abroad
When you need emergency medical treatment in a region where you are not accustomed to the health system and the local language, choosing the best health insurance policy will help you get the medical attention.
Following are the contingencies covered under International Health Insurance.
- Hospital stay
- Routine check-ups
- Cover for pre-existing conditions
- Cover for chronic conditions
- Out-patient treatment
- Maternity care
- Dental care
- Repatriation
In case, you have opted for Star Student Travel Protect Insurance Policy, you can avail following benefits.
- Emergency medical expenses include medical evacuation and transportation of mortal remains.
- Dental emergency expenses following an accident.
- Cover for Loss of checked-in baggage, Loss of Passport.
- This policy also provides student interruption benefits like reimbursement of tuition fees.
- In case of hospitalization, it covers travel expenses for a compassionate visit for one of the immediate family members.
Which is the Best Option for You?
Well, travel insurance or international health insurance both insurances serve people in two different ways. Travel insurance is basically there to cover you while traveling and no one travels always. It does not matter much whether you are traveling in the country or abroad, after a while the journey ends and you return. Travel insurance ensures you for 1 year and it covers you for all the conveniences related to travel.
However, the coverage of insurance makes a difference whether you are traveling in the country or abroad because you have to face many different challenges in traveling abroad and that is why the insurance company also adds extra benefits with an insurance plan for traveling abroad.
Talking about international health insurance, it becomes clear that with the help of this insurance you can take care of your health, but you can take this insurance only if you live abroad and you are out of the country for some time. Being an NRI, one thing you should always keep in mind is that before choosing any health insurance; know about the insurance thoroughly, these are some common rules which can prove to be helpful for you in choosing your better health policy.
One thing you must have understood from these words is that both the insurance options are made for two different situations and both insurances have their own benefits but there is no need to ever get confused in this matter.
Conclusion
By buying a Travel Insurance Plan, you can get a comprehensive cover against all the medical and other travel-related contingencies. However, by opting for international health insurance, you can get exclusive coverage for medical expenses. International health insurance is the best for those who are working or living abroad for a long period of time, but a travel insurance plan provides cover for a limited duration.
So, it is essential to weigh up your options and then choose a plan that can ensure complete protection against all the probable risks, when you are abroad.