It may be surprising to note that insurance is not as costly a product as it is perceived to be. (For example for a 35 year old traveller to Asia for a period of 5 days, the insurance premium across 10 products from 5 insurance companies ranges from ₹334 to ₹491 for the whole trip – this is cost of a cup of coffee/burger at the International Airport. And this is for an average coverage of USD $25,000 which is around ₹17,00,000 for Accident & Sickness). While longer duration travel to more developed nations like USA, Europe, UK will have higher premiums, these premiums are related to the cost of medical treatment in those respective countries and they can be very costly for an Indian traveller given the relative weakness of the Indian Rupee ₹. Even for Students going abroad for their studies, the Indian insurers do offer competitively priced insurance plans with comprehensive benefits at a much cheaper premium than what the student will end up shelling out at the University for a similar coverage. Hence it is strongly recommended that every traveller buys an insurance policy before leaving India.
TYes, all travel insurance policies offer Emergency Accident & Sickness Medical Expenses coverage for both Inpatient and Outpatient treatment. The insurers offer multiple sum insured levels from $15,000 to $1,000,000 for Medical Expenses that the traveller can choose from. The medical expenses have a deductible which is the insured’s contribution to every claim. Please note that the benefit of Medical Evacuation and Repatriation of Mortal Remains is a subset of Medical Expenses as offered by the insurer.
Tourists from India travelling overseas can calculate the best price of popular international travel health insurance plans for top rated insurance providers like Tata AIG, Bajaj Allianz, Reliance… by using this user friendly "travel insurance cost calculator". Using the premium chart the travelers can evaluate the prices of the wide range of best India travel insurance plans along with their respective benefits offered. Few parameters that affect the price of the insurance coverage are travelers’ age, travel duration, visiting countries and amount of coverage needed.
The traveller should ensure they are adequately insured for their International Trip by purchasing a comprehensive travel insurance plan. They should have sufficient coverage for Medical Expenses depending on their age and destination of travel. They should also ensure their plan has non-medical coverages like Passport Loss, Baggage Loss/Delay, Personal Liability etc.