4 min read
Updated on Jul 13, 2022
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.
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.
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.
Hence, it is better to avail global health plans to boost the extent of your health insurance with worldwide coverage.
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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:
Global health insurance coverage in India serves as a valuable coverage to your health plan, especially for people who travel abroad frequently. Being a health plan, it is more diverse than an international travel insurance plan.
With the help of this cover, one can widen the scope of his/her health policy in terms of geography. Hence, this plan allows enhanced protection. You can buy a new policy to procure a global health plan that has it as an add-on cover. But if your health insurer does not have such a global health feature, you may port your health plan to a new insurer who offers such coverage under their health plan.
Irrespective of how you buy the global plan, you must go through and compare the policy well before opting for the cover so that you can receive full coverage health insurance plans.
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