Private non-life insurer ICICI Lombard on Thursday added another product – International Travel Insurance – to its Travel Insurance portfolio. The policy offers coverage to individuals up to 85 years of age without insisting on a medical check-up.
The medical cover under the product is in the range of $50,000 to $2,50,000, depending on the type of plan chosen. This apart, the policy comes with other commonly-offered covers like loss of passport or checked-in baggage, trip cancellation, daily allowance in case of hospitalisation and so on.
All these covers come with individual sub-limits or deductibles (the initial amount that the insured has to bear before the company chips in with the rest) that you need to understand before signing up.
If the insured has to look for accommodation due to flight delays, the expenses incurred will be reimbursed. Other benefits offered include evacuation during catastrophes, emergency financial assistance, personal accident cover and home insurance for the insured’s place of residence.
Besides international trip-related medical and non-medical expenses, the product also offers services to the insured’s dependants back home. These include medical help, automotive assistance, electrical assistance, home cleaning, pest control and plumbing. Under medical assistance, the insurer will provide the dependants with the names and contact details of hospitals or clinics and facilitate appointments with the local doctor.
Home nursing care assistance is also provided to take care of the policyholder’s dependents. These benefits will be paid for during the period when the insured is travelling abroad. However, do note that the company will only pay forarranging these services, and not for the service charges involved.