Senior Citizens Get Relief With Cholamandalam Issuing Overseas Travel Insurance Policy For 270 Days

Senior Citizens get relief with Cholamandalam issuing overseas travel policy for 270 days

Many foreign embassies insist for health insurance policy at the time of grant of visa.They limit the visa duration same as the duration of the policy. Australia is one such country.

It is good that even though all companies restrict the policy for senior citizens to 180 days ,there is at least one company ( Cholamandalam)which is issuing the policy for 270 days.

Our compliments to them for doing so, parents who spend lot of money at go to spend long time with their children can have the satisfaction that they can get visa for 270 days vs that for 180 days.

Health Insurance policy issued to you is valid in India only. When you travel out of India then you need Overseas Travel Health insurance policy because of following reasons :

If Hospitalization is required while you are in a foreign country then treatment may not start in a hospital;

Unless you make the payment in cash or by credit card Or produce health insurance policy reference / card.

 Some embassies of foreign countries need it as part of documents for issue of visa itself. An example is the Germa embassy or spain embassy.

 Even though this policy in the beginning was for taking care of hospitalization/medical treatment only but at present this product is available with certain additional features:

Personal Accident ,Medical Cover (Includes Medical,Evacuation cost),Dental Treatment ,Repatriation of Remains,(included under Medical Expenses), Loss of passport ,Total loss of checked Baggage ,Delay of checked baggage ,Personal Liability ,Financial Emergency ,Hijack Distress Allowance

 

Suresh K Sethi is Chief Executive Officer of RIA Insurance Brokers Pvt. Ltd.; an IRDA approved insurance brokerage firm, headquartered in New Delhi with branches at various locations in India. He is of the firm opinion that Health (Mediclaim) Insurance is the important segment of Indian insurance industry. It is expected grow at the rate of 200 to 225% per annum in the years to come. It will emerge as one of the important segment of non life insurance Industry. This book is written for all those who are not having insurance background but wish to buy Health Insurance cover for themselves or for their family or for the organization for whom they work. Suresh is also Vice President Director of Insurance Brokers Association of India,the only association of all IRDA licensed insurance brokerage firms operating in India. As a member of Insurance Committee of FICCI as well as PHD Chamber of Commerce & Industry he has made value addition towards use of technology in Insurance. He is author of Best Guide to Buy Health Insurance. This e-book with full fledged web-site is a step in the direction of on-line marketing of Health Insurance. His views are covered in reputed publications like Mint (in association with Wall Street Journal), Financial Chronicle,Money Today Magazine. He appears regularly on TV Shows, where various aspects of Insurance Industry/products are discussed. His blog www.healthinsuranceindia.blogspot.com is an active blog and is covered under google.
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