Definition
Worldwide Cover (Health)
Worldwide or global health cover extends a health policy to pay for treatment incurred outside India, often for planned and emergency care abroad.
Premium health plans increasingly offer global cover, paying for hospitalisation overseas, sometimes including planned treatment for listed serious illnesses at international hospitals, in addition to emergency care while travelling. Coverage may be worldwide or exclude high-cost regions to manage premium.
Such cover suits frequent international travellers and those who might seek advanced treatment abroad. It overlaps with travel insurance for emergencies but adds the option of elective overseas treatment within the health sum insured, subject to the policy's terms and any geographical limits.
Related terms
- Travel InsuranceTravel insurance covers financial risks during a trip, including medical emergencies, trip cancellation, lost baggage and flight delays.
- Emergency Medical EvacuationEmergency medical evacuation cover pays to transport a traveller to the nearest suitable medical facility or back home when local treatment is inadequate.
- Sum Insured (Health)Sum insured is the maximum amount a health (or general) insurer will pay for claims in a policy year, acting as the ceiling on indemnity.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.