Benefits of Opting For Global Coverage in Health Insurance Policy?

Global coverage in a health insurance policy ensures access to quality healthcare services across different countries. Whether you travel frequently or seek advanced medical treatments abroad, a global health insurance plan provides financial security and peace of mind.

 

This blog explores the key benefits of opting for international health coverage, including access to top hospitals, emergency medical assistance, and seamless claim processes. Read on to understand why a global health insurance policy is a smart choice for individuals and families.

Coverage in Global Health Insurance – Know Everything

Do you know what global coverage in health insurance policy means? If so, why do you think you should opt for global coverage in health insurance?  Let’s understand all about it here in this blog.

We already know how important it is to have a health insurance plan in the current scenario. Once termed as luxury, health plans have now become a necessity, especially because of the increasing health care costs and the rising number of new and different ailments.

Further, looking at the growing surge in the health insurance policies, insurers are also coming up with new and different ideas to offer people with all-encompassing and innovative protection all through the policy year.  Global coverage is one such innovative idea that reduces the barrier of location or boundaries in health insurance to make them more useful.

What is Global Health Insurance Coverage and How does it Work?

Do you want to know the global coverage meaning? As the name suggests global medical insurance coverage signifies the protection against healthcare treatments that can be availed globally in countries outside India. Normally, health insurance policies in India cover illnesses and other medical conditions of the insured within the country. But, the latest addition in the insurance sector has started offering health insurance plans where the insured can avail treatment anywhere across the globe.

These policies serve well for people who do a lot of travelling outside India. So, if they fall sick or suffer due to a medical emergency during their stay in a foreign country, this plan can come to their rescue. Hence, opting for a global medical coverage would help them to protect against such emergencies and cover them for the expenses incurred.

Difference between Global Health Coverage and International Travel Insurance

Yes, international travel insurance is another option of securing a person who is traveling abroad with medical coverage. Like global health coverage, the international travel insurance plans also offer coverage of the same kind. However, there is a vast difference between the two.  The medical coverage offered by international travel insurance plans comes under travel insurance, while it comes under health insurance plans in case of global health coverage.

Below are some other differences between – Global Health Coverage vs International Travel Insurance:

  • In case of international travel plans, you can avail them only when you go on an international trip, while the global health plans do not have any such conditions.
  • In case of travel insurance plans, the coverage is limited for the duration of your travel. On the other hand, in case of health insurance global coverage, you can avail the coverage throughout your life.
  • Your travel plan will not protect against treatments undertaken in the country, while health plans do cover them.
  • Also, with travel plans you cannot opt for planned hospitalization, while some global health plans do provide coverage for hospitalization.

Benefits of Global Health Insurance Cover

  • You get protection against hospital costs –  In case of Global health coverage, the policy becomes active if you get hospitalized as part of your treatment in a city anywhere in the globe away from your country. Here, the policy covers the applicable expenses that you have incurred for your treatment. Some such costs include:
  1. Hospital room rent
  2. ICU charges
  3. doctors fee
  4. Nursing costs, etc.
  • It allows assistance during emergencies – With global health cover, you can secure yourself financially in case of a health emergency. Being in an international city with no support can be a panicky situation if you face a health emergency. But with global coverage, you can get treatment without the fear of incurring costs.
  • You get access to sophisticated healthcare facilities – When it comes to healthcare treatment, many international destinations offer highly advanced and contemporary treatment facilities.  These facilities allow the insured to get the best treatment for even the most critical illness you may face.
  • You also get tax benefits – Also, you get tax benefits under these health plans under Section 80D of the income tax act.

Hence, it is better to avail global health plans to boost the extent of your health insurance with worldwide coverage.

Things to know about global health cover

There may be many insurers offering global health insurance coverage under their health plan. However, it is important to remember a few aspects such as:

  • Such coverage is available as an add-on cover or as an inbuilt cover. Inbuilt cover might be more costly as compared to an extra premium as an add-on cover.
  • Some plans may exclude the USA or Canada for availing treatment.
  • These plans do not cover OPD expenses and hospitalization costs for pre and post treatment etc.
  • It also excludes maternity coverage.
  • It might have a co-pay aspect.
  • Some plans might have a limit on the available coverage.

 

Author Bio

Paybima Team

Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Choose from India’s top insurers

Latest Post

Global coverage in a health insurance policy ensures access to quality healthcare services across different countries. Whether you travel frequently or seek advanced medical treatments abroad, a global health insurance plan provides financial security and peace of mind.

 

See nowSee now

Surrendering a LIC policy is not recommended. However, sometimes policyholders want to surrender policy to invest in other products with greater returns. In this post, we are discussing the steps to follow to surrender LIC policies and how to calculate LIC surrender value. 


LIC or Life Insurance Corporation of India is considered one of the most reliable insurers in India with high repute. The company offers varied plans and products to secure the lives of individuals and their families. LIC plans are available for different tenure with varied coverage options to benefit the policyholders accordingly.

See nowSee now

The most important thing required for an insurance policy to continue is to pay the premium of the plan on time. When you buy a health or life insurance plan from LIC or Life Insurance Corporation of India, the smoothest way of paying the premium is through LIC Merchant. Let us take a look at the LIC merchant portal.

See nowSee now

It is a matter of fact that buying health insurance plans does make a person carefree about the financial burden laid out at the time of a health care need. But does that mean anything, and everything used for medical treatment will be covered under a health insurance policy? You need to think about it twice, as there are a bundle of non medical expenses in health insurance, which are not covered under any health insurance plan. The surprising thing is that a majority of policyholders are not aware of the non-medical expenses listlaid out by the IRDAI or Insurance Regulatory and Development Authority of India.

See nowSee now

If you are financially independent and want to plan your finances ahead, you must buy a Life Insurance Policy. It will give you coverage and in case of your death, the nominee will get the death benefit. Nevertheless, before you purchase an insurance policy, you must go through some insurance questions. Here are some of the life insurance FAQs.

See nowSee now