Page 20 - Insurance Times May 2022

General Insurers by citing those offered by the National Insurance Company Section A: Medical Expenses,
Limited, (NICL). There are three main categories of policies . Specific policies are Evacuation, Repatriation-USD 15,000.
available for persons travelling abroad on Business and/Holiday, Employment and Section B: Personal Accident,
Studies Travel and for Corporate Frequent Travellers. The policies do not cover Permanent Disability- USD 7,500.
persons going abroad for treatment or travelling against medical advice. Pre-
existing diseases are not covered. Medical and diagnostic test reports are required The Overseas Mediclaim Insurance Policy
for persons over 70 years of age and for over 60 days of travel. An international for Employment and Studies covers
service provider is available for claims assistance. Medical Accident and Illness Expenses
Coverage for medical expenses upto the
The Business and/or Holiday Policy has six sections; namely Medical Expenses and Sum Insured, as approved by a registered
Repatriation, Personal Accident, Loss of Checked in Baggage, Delay in Checked in medical practitioner and the Claims
Baggage, Loss of Passport and Personal Liability. There are four Plans with separate Administrator. Medical Evacuation
Sum Insureds varying from 50,000 USD to 5,00,000 USD in four slabs. In case, no Expenses when as a result of a Injury or
Medical Reports are submitted due to paucity of time; in case of persons above 70 illness, an Insured Person is hospitalized
years of age, a restricted Medical Expenses Cover for 10,000 USD is allowed. the Insurers will pay upon the
There are also Section wise sub-limits and deductibles. Standard exclusions apply recommendation and prior approval of
to the policies. The Policy is issued for a maximum period of 180 days, at a time. the attending physician and the Claims

Administrator of this Insurance for the
The Plan-wise and Section-wise Sum Insured under the aforesaid Policy has been evacuation of the Insured Person to India.
taken from the website of (NICL) and is as follows:
In case of death of the Insured person
TABLE 1 the insurance will pay for repatriation of
the remains to India or the funeral
Plan A & B- Business and Holiday Travel (all figures in US $) expenses abroad, upto a sub-limit.
Visit Worldwide Worldwide
excluding incl. Medical Emergency Reunion expenses
USA/Canada USA/Canada in case of a disease of the Insured person
Plan A1 A2 B1 B2 that necessitates evacuation to India are
also payable upto a sublimit. This section
Section - A
covers the expenses of travel and
Illness, medical evacuation, 50,000 2,50,000 1,00.000 5,00,000 accommodation of a family member
repatriation,
abroad. This policy also covers
Section - B Contingency Insurance for Sponsored
Personal Accident & disablement 10,000 25,000 25,000 25,000 Students. In case the Insured Person is
Section - C unable to continue his studies due to
Loss of Checked Baggage 1,000 1,000 1,000 1,000 death or other specified reasons, a fixed
Section - D amount per month of completed studies
Delay of Checked Baggage 100 100 100 100 will be payable to the Nominated
Sponsor, under this section.
Section - E
Loss of Passport 150 250 250 250
Section - F
Third Party bodily Injury & 2,00,000 2,00,000 2,00,000 2,00,00
Property damage

Section A also covers emergency dental services upto US $ 225 per occurrence for
the immediate relief of dental pain, in addition to medical expenses related to
illness, medical evacuation, repatriation. Delay in Checked Baggage is only for
outbound International flight and the delay is for over 12 hrs.

Deductibles are applicable for each section. In addition, Plan K - For travel in Asian
countries excluding Japan for business and holiday limited to US$ 15,000. Benefits:

20 The Insurance Times, May 2022