6 min read
Updated on Aug 04, 2023
Health insurance has become every person’s absolute necessity, especially in the post-COVID times, when everything around is changing every minute. New infections and viruses are on the prowl at all times and there seems to be no escape from this never-ending twirl of diseases. Buying health insurance plans ensures that you stay protected financially in the face of a health attack.
But why just ensure financial coverage in India when healthcare costs are always on the rise everywhere in the world? What would happen if you need urgent medical care on a tour abroad? Who would bear the exorbitant cost of medical care in a foreign country? And would it mean burning a hole in your pocket if at all you end up in need of treatment abroad?
Absolutely not! To help you stay financially protected even when abroad, there is the option of global health insurance policy. Let’s read more about it in detail in this blog.
As is clearly evident in its name, global health insurance ensures that your medical expenses incurred on a treatment taken abroad are covered under the health insurance plan. This means that in case you decide to travel abroad, getting yourself a global health insurance plan is wise as it would help cover your financial expenses in case of any medical treatment that you choose to get done in that country.
Considering that medical care costs can be quite high abroad, it only helps to buy this cover. In case of an unfortunate event of any disease or health condition diagnosed during your stay abroad, you need not worry about spending a fortune on its treatment. By getting a global or international medical insurance policy, you would be able to save a considerable amount of money, since the treatment cost would be covered by the health insurance company.
There are a number of advantages to buying a global health insurance policy when traveling abroad. Some of these are listed below:
This is because global health insurance policies would also cover for insurance needs within your home country, since a single health insurance plan provides coverage both for domestic and international healthcare needs. So, the employer is saved from the expense of paying for two different policies. As for the employee, they can avail the benefit of the mediclaim plan both in their homeland as well as abroad.
Let’s look at some of the essential features of an international health insurance policy:
Considering that the cost of availing services like ambulance or a rescue helicopter in case of a critical medical emergency is very high abroad, a global health insurance cover provides adequate coverage for such unforeseeable expenditure. Owing to the rate of currency exchange, these essential services can sometimes get quite unaffordable. However, with the global mediclaim plan, you can avail the best-quality treatment without any financial stress.
Most global health insurance plans would cover pre-existing health conditions as well, such as chronic conditions like hypertension, diabetes, heart conditions, and the like. This can be particularly helpful to cover medical care costs involved in the treatment of these conditions in case an emergency arises when you’re abroad.
The cost involved in the treatment of conditions abroad is itself quite high. Adding up to it is the cost involved in the frequent travel between the two countries for this purpose. Your global health insurance plan generally covers this expense so traveling to and from India does not seem a burden.
You’re more likely to require doctor consultations for minor illnesses or injuries than emergency hospitalization during your stay abroad. This is why a global health insurance policy covers consultation costs for visits to the doctor’s office and other OPD-related charges as well in addition to covering emergency hospitalization expenses. This is because even doctor consultations abroad can be quite expensive.
When traveling abroad, even for a short stay, it’s wise to purchase a global health insurance plan to keep yourself financially covered and stress-free during your visit. Here’s how you can choose a plan that best suits your financial needs during your international travel:
Buying global health insurance cover for you and your family is one of the best decisions you can make before you head out to enjoy your stay in a foreign land. It would help you to stay prepared for any emergency, if one arises. You can look up PayBima online for the best global health insurance providers near you to avail this benefit. PayBima offers the best health insurance in India at an affordable cost for everyone. This means that it is ideal not just for your domestic but also international health insurance needs.
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A global healthcare plan has been designed to seamlessly cover planned and unplanned medical treatments obtained worldwide. This worldwide coverage health insurance plan will pay for your medical treatments no matter where you are.
Global health is about ensuring a healthy future for everyone, no matter where they live; it's defined as the area of study, research and practice that places a priority on improving health and achieving equality in health for all people worldwide.
Global Health Security funding builds sustained capacity in partner countries to detect and prevent outbreaks. This includes support for emergency operation centers, improving disease surveillance and laboratory capacities, and strengthening the development of local public health workforces.
Scope: Public health focuses on the health of populations within a specific geographic area, while global health is concerned with health issues that transcend national boundaries and affect people worldwide.
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.
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