The Fine Art of Reading the Fine Print-IV: More on Exclusions

The last part of the visitors� medical insurance policy contains plan exclusions. Exclusions are conditions not covered by the policy. If you think that your situation comes under the exclusions of a policy, here are some things which you might want to do: The exclusion list needs to be thoroughly examined before taking up a policy. Having a pre-existing condition does not necessarily mean that you are not eligible for insurance. Some policies cover pre-existing conditions also with a limitation clause. Other policies further limit the maximum benefits depending on the insured�s age. Examine various policies to select the one […]

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The Fine Art of Reading the Fine Print-III: Pre-Existing Conditions

Continuing with our series on reading the fine print, let us now look at the exclusions that are not covered by a visitors’ medical insurance policy. The main exclusion is �pre-existing conditions,� defined as any injury, condition or ailment that already existed at the time of purchasing the policy. Normally, any lifestyle condition which cannot have occurred overnight�blood pressure or diabetes, for instance�is considered a pre-existing condition. A visitors� insurance plan will not cover conditions which exist on the effective date or a specific look-back period (two or three years prior to it). The look-back period varies by plan. Any […]

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The Fine Art of Reading the Fine Print-II: Schedule of Benefits

In the previous article, Reading the Fine Print-I, we saw how the policy duration of visitors insurance plans can affect the choice of insurance. Now, let�s look at how reading the Schedule of Benefits carefully and matching it with intended activities is imperative. Let�s say, a lady, Sharon, who is on a visit to the United States, has sustained an arm fracture. She is covered under a visitor health insurance policy, and so she doesn�t worry much. Her boyfriend, Adam, makes a note of the next steps they will need to follow. They call an ambulance, take her to the […]

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The Fine Art of Reading the Fine Print I: Policy Duration

Before deciding to purchase any visitors health insurance, you must read the fine print thoroughly rather than having a cursory glance at the policy. Let us take the example of Visitors Care insurance provided by International Medical Group (IMG) for an analysis of the Policy Duration clause. The minimum duration of this policy is 5 days. The individual should either be traveling or temporarily residing outside his home country for at least 5 days to be eligible for this policy. Any one policy may not exceed 12 months, but can be renewed for a period of up to 24 months […]

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Is Multi-Trip Insurance Ideal for All Busy Travelers?

Busy travelers have unique insurance needs. Let’s say a small business owner who recently shifted her manufacturing to China makes several trips to the country. She also needs to visit Europe often for marketing meetings. She doesn’t quite know when she’ll be needed where, and usually has a secretary take care of the travel insurance policy for her. Just on the one trip that she forgets the insurance plan, she falls ill. That burns a huge hole in her pocket. Obviously, there must be a plan for people like her who make frequent trips abroad. There is, in fact, just […]

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Game, Set and Match with Travel Sports Insurance

Let’s say you are traveling to the United States to participate in a tennis tournament. It’s bound to be a great event, and U.S. sportsmen are among the best in the world. However, remember that if you get injured, you will need to be covered. Traditional short-term international travel medical insurance may not provide the required benefit. What you need is sports travel insurance. You might want to check whether your current international travel insurance plan offers athletic coverage as optional coverage. This option is ideal for those whose travel to the United States has a significant component of competitive […]

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Res-Capades of the Recession

The recession has given rise to a new kind of traveler, and a word for him (or her): the res-caper. In a study conducted by a U.S.-based travel Web site, it emerged that around a fifth of the people who lost their jobs because of the recession are planning extended trips abroad with Australia being a top choice. These ‘res-capers,’ who travel internationally for various reasons, including trying to beat the recession, will spend $622 million on their international travel. About a quarter of the res-capers will use their severance package to fund their trips. However, an international travel insurance […]

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Over 65? Life, Insurance Offer Numerous Options!

Here’s a situation that was prevalent until recently: A senior, over 65 years, retired from work, done with financial responsibilities, and looking forward to traveling to far and distant lands. And international travel health insurance policies hard to come by for the travel. Reason? Insurance companies think that people over 65 are more likely to file claims during international travel. So, they either denied coverage, or raised the premiums to reflect the risk. However, several insurance companies are now waking to the possibilities of doing business with this demographic. Of late, several plans have started to cater to seniors, with […]

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Remember Travel Insurance to Save Your Memories

Imagine this: You are absolutely thrilled to be in a foreign country, taking in all the sights and sounds of the new place. You’re looking forward to the envious looks from your friends and family when they see your awesome photos. But what if your camera got stolen? Your travel insurance policy plan will not be able to help, will it? Matter of fact, it can! Most international travel and trip insurance plans feature some coverage for lost or stolen items. With digital cameras on the person of almost all travelers, a loss can put you back by a few […]

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Plan Multiple Trips, Buy Single Insurance Plan

Whether you’re someone who travels abroad a lot due to business, or just wanderlust, purchasing a travel insurance policy for each of your trips may be very cumbersome. In such a situation, consider purchasing annual travel insurance, also called annual multi-trip insurance. This multi-trip insurance plan is usually valid for a fixed number of days per year, and the insured is covered when traveling as long as the maximum number of days have not been reached. For example, if you take multi-trip travel insurance for 90 days, the maximum number of days you are covered abroad is 90 days. Most […]

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