by Life is full of unexpected things. And at times of unexpected medical emergencies, you don’t want your savings to be sucked up completely. These private hospitals charge lakhs of rupees for treatment. And a common middle-class man stuck between getting a loan or use his lifetime savings for medical emergencies. If you’re working abroad, expenses for medical emergencies will be a lot more than in India. And that’s where expatriate health insurance comes in.
Benefits of having an expatriate health insurance
This insurance is designed to cover all your health care expenses while working or living abroad. It can give you access to health care in your country of residence.
Having health insurance is necessary, especially if you’re working abroad, where generally you are on your own. You don’t have many family members or relatives to help you out in case of an emergency. Insurance helps you at times of emergency by providing you immediate medical support at no or a very low cost. If you don’t have health insurance at the time of need, you will pay a big hefty fee in the name of medical bills to the hospital, which can eat all your life savings in minutes.
- Medical care in international countries
- You can choose the hospital, clinic, or doctor of your choice
- You get 24×7 emergency assistance
- You can pay in the local currency
- Having a premium of insurance will be expensive, but it can cover more for your medical bills
Finding the right insurance for your need
If you search for expatriate health insurance on Google, you will get thousands of results. This raises the question, how to find the best insurance for your needs? You want insurance that can be claimed whenever you need it, which means buy an insurance plan from a trusted company. Do your research and shortlist 2-3 big, established, and trusted companies that provide health insurance to individuals working abroad. Compare the policies of the shortlisted companies side by side. Check whether they provide claims in all the essential factors. Finally, compare their price as price is an important criterion before you buy insurance.
Not getting insurance means you’re taking a gamble on your life. It would be best if you boughthealth insurance for yourself and your whole family. God knows when there is an emergency, and insurance can cover most of your needs at that time.