fact that more and more people are now buying overseas travel insurance
in India is indicative of the rising trend as well as the increased awareness
among the travelling class. Overseas travel insurance , also
known as foreign travel insurance is an effective means of insuring your foreign
trips from uncertain events which are part of everybody’s life.
Most people are however not aware of the scope of overseas travel insurance
and therefore find it difficult to choose a policy from various options available,
Here is a list of things that typical foreign/overseas travel insurance must have
in order to provide you with comprehensive coverage on your trips abroad.
It provides for emergency medical expenses that may arise out of sudden
illness or as a result of an accident. It also covers cost of diagnostic tests,
therapies, outpatient, in-patient and medical aid.
a cover for emergency medical evacuation to the home country
covers expenses towards funeral cost and the expenses that arise for repatriating
the remains of the insured to their home country.
in the event of delay in flight schedule, loss of passport and loss of checked baggage
are also covered
It provides compensation for accidental death
or permanent total disability for the insured while travelling on a common carrier
such s rail, bus or aircraft.
It provides personal liability
coverage for the insured by paying compensation to third party for damages resulting
from involuntary actions of the insured.
It pays for the hotel
accommodation if the Insured Person gets sick or sustains Bodily Injury which results
in a Hospital stay as an in-patient and misses his/her flight back to the country
It provides financial emergency assistance in case
of financial exigencies such as robbery, pilferage, theft or dacoity of travel funds.
Usually a fixed amount is paid as emergency relief.
It also provides
cover for distress caused due to hijacking of the common carrier in which the insured
was travelling while on a trip abroad. Compensation of a specific amount is paid
for each day of the hijack.
One must however note that, each
of the above provisions is simply indicative in nature, one must carefully read
the policy document to ascertain these covers. Moreover, different overseas travel
insurance policies have their own set of features and benefit. To learn more about
such policies, one must do overseas travel insurance research online and broaden
their wisdom and make informed decisions.