Did you know? A single night in a U.S. hospital can cost over $10,000, depending on the treatment. In fact, in many cases, a basic medical emergency abroad can cost more than your return flight. Yet, despite these staggering figures, many travellers still overlook the importance of having adequate medical coverage in their travel insurance.
Whether you are setting off on a weekend getaway or planning a months-long adventure, one thing that often gets left out of the suitcase is medical travel insurance. You might not think you will need it, but from sudden fevers to minor accidents, medical issues can crop up anywhere and they’re rarely considerate of your itinerary. In this blog, we break down how much medical coverage you need, what your single trip insurance policy should include and how to choose the best fit for your journey, so you can travel smart, safe and stress-free.
Why is medical coverage necessary during travel?
When you are abroad, medical emergencies can be both emotionally and financially draining. Treatments abroad can cost thousands of pounds, particularly in countries like the USA, Japan or Australia.
- Without medical coverage, you may be forced to pay out-of-pocket or face inadequate care. Moreover, some countries even mandate proof of medical insurance for visa approval. A comprehensive single trip insurance policy with sufficient medical benefits ensures you are not caught off guard.
- Travel insurance indemnifies you against medical expenses while abroad, and also against losses, including due to flight cancellation, loss of baggage, loss of passport, medical evacuation, etc.
- You are not likely to make a claim when travelling abroad but it would be unwise to travel without travel insurance. Medical costs in European countries and Australia are very high compared to India, whereas the medical costs are outrageous in the US.
Key components of medical coverage in travel insurance
Medical coverage in travel insurance generally includes:
- Emergency medical expenses: Covers the cost of treatment if you fall ill or get injured during your trip.
- Hospitalisation charges: Include inpatient costs like surgery, hospital stays and diagnostic tests.
- Medical evacuation and repatriation: Covers the costs of air ambulance services, medical transportation back to your home country and repatriation of remains in the unfortunate event of death..
- Daily hospital allowance: A fixed amount per day to cover incidental hospital costs.
Factors determining medical coverage amount
Several factors influence how much medical cover you should opt for in your travel insurance:
- Destination country: Your travel destination should determine the sum insured you should opt for. Medical insurance is the main feature of travel insurance. Decide the amount of insurance cover based on the cost of medical services in the country or city you are travelling to and also depending on your own health condition.
- Trip duration: Longer trips increase the likelihood of needing medical care.
- Age and health condition: Older travellers or those with pre-existing conditions may require higher coverage.
- Type of travel: Adventure or sports-related trips may increase the risk of injury.
- Visa requirements: Some Schengen countries require a minimum medical coverage of €30,000 as part of their visa conditions.
Tips for choosing the right medical travel insurance
Here are some practical tips to help you choose the right policy:
- Go beyond the basics: Don't just look for the cheapest option. Make sure your single trip insurance policy includes all essential medical components.
- Check claim limits and sub-limits: Ensure that the cover is not reduced by sub-limits (like room rent capping or daily hospital limits).
- Include pre-existing conditions: If you have health issues, choose a policy that allows coverage for pre-existing conditions, even if it’s at an extra cost.
- Look at the insurer’s claim process: Choose an insurer with a simple and fast claims process and a 24/7 helpline.
- Compare multiple plans: Use comparison websites to check coverage benefits, exclusions and premium differences.
- Read the fine print: Understand exclusions, waiting periods and claim documentation in detail to avoid surprises later.
Conclusion
Choosing the right travel insurance is a safeguard for your health, peace of mind and finances. While planning a trip, always factor in the need for adequate medical coverage. A well-chosen single trip insurance policy can protect you from hefty hospital bills, medical emergencies or unforeseen disruptions during your journey.
Whether it is a weekend in Paris or a long holiday in Bali, make sure your travel insurance includes the right medical cover so you can travel smart, safe and stress-free.
FAQs
1. Is travel insurance mandatory for international travel?
Not always, but many countries require it as part of the visa application process, especially with specific medical coverage thresholds.
2. What is the ideal medical coverage amount for Europe?
For Schengen countries, your travel insurance must have a minimum of €30,000 in medical coverage. However, opting for a higher limit, such as €50,000 to €100,00, offers greater peace of mind.
3. Does a single trip insurance policy cover medical bills abroad?
Yes, if your policy includes medical coverage, it will typically cover emergency treatment, hospital stays, ambulance charges and more, depending on your insurer and policy terms. Always review the inclusions and claim process before buying.
4. Can I claim for pre-existing conditions?
Only if your insurance policy explicitly includes them. Many insurance providers offer this in addition to the policy, with higher premium rates.
5. What if I fall ill before my trip?
If your illness leads to cancellation and your policy includes trip cancellation cover, you may be able to file a claim, provided you bought the policy well in advance.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.