The role of travel insurance in managing health risks abroad

Kotak General Insurance was established in 2015 to service the growing non-life insurance segment in India.

Zurich Kotak General Insurance, an insurer shares valuable insights on the role of travel insurance in managing health risks abroad. More and more people are travelling abroad these days for business, leisure and education. However, travelling abroad can also expose individuals to various health risks, including illnesses, injuries and medical emergencies. Here, travel insurance plays a vital role in managing health risks abroad, providing financial protection to travellers.

Health risks abroad: A growing concern

Individuals can face various health risks while traveling abroad, that includes:

• Infectious diseases: Travellers may be exposed to infectious diseases, which can be common in certain regions.
• Injuries and accidents: Travellers may be at risk of injuries and accidents, including road accidents.
• Life threatening conditions: Travellers may experience life threatening conditions, including heart attacks, strokes and other serious medical conditions.

The role of travel insurance in managing health risks abroad

Travel insurance plays a vital role in managing health risks abroad, providing financial protection to travellers. Here are some ways in which travel insurance can help:

• Medical expenses: Travel insurance can provide coverage for medical expenses.
• Evacuation and repatriation of mortal remains: Travel insurance can provide coverage for evacuation and repatriation of mortal remains, including transportation to a medical facility or back to one's home country.
• Pre-existing conditions: Travellers, especially senior citizens may have pre-existing conditions. It is important to have coverage of such pre-existing conditions in travel insurance especially if someone is travelling for longer duration.

Tips for choosing the right travel insurance policy

While choosing a travel insurance policy, consider the following:

• Compare plans online and purchase the best suitable travel insurance as per specific needs and requirements.
• Read policy terms and conditions, limitations and exclusions carefully before purchasing travel insurance.
• Purchase travel insurance promptly after booking your international trip for reasonable price.

The final note

Travelling abroad can expose individuals to various health risks. Here is when travel insurance plays an important role in managing health risks abroad, providing financial protection to travellers. Travelers can minimise their risks and enjoy a safe and enjoyable trip by choosing the right travel insurance and understanding what is covered.

About Zurich Kotak General Insurance Company (India) Limited (Formerly known as Kotak Mahindra General Insurance Company Limited)

Zurich Kotak General Insurance Company (India) Limited is a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank. The Company got its new name ‘’Zurich Kotak General Insurance Company (India) Limited’’ in the month of August 2024, following Zurich Insurance Group’s 70% acquisition in Kotak Mahindra General Insurance Company Limited. It is the youngest and one of the fastest growing non-life insurance franchises in India.

Kotak General Insurance was established in 2015 to service the growing non-life insurance segment in India. The company aims to cater to a wide range of customer segments & geographies offering an array of non-life insurance products like Motor, Health, Home etc. As a practice, the company seeks to provide a differentiated value proposition through customized products and services leveraging state of art technology and digital infrastructure.

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