Health Insurance for children studying abroad

28 Aug, 2021 | by jasmer singh

My children are studying University in Australia and are unlikely to visit india for at least 2 years if not more.

Their ages are 19 and 18.

They have an ongoing Individual policy of Current Base coverage (Individual) 25 lakh + NCB 12.50 lakh + NCB Super 25 lakh + Recharge benefit 25 lakh with Care.

However I don't think they are eligible to claim if there is any event out of the country, nor can they fly into India if treatment is required, due to the pandemic.

Questions:

1.Since they are not in the country, can they port to a plan which gives global coverage?

2.Is there any company which offers a policy for cashless claims in Australia, and do they have accredited hospitals there?

Health Insurance

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3 Answer

Post

28 Aug, 2021

Sathish K V

Chartered Accountant, Personal Finance Advisor

Dear Jasmer,

As far as my knowledge is concerned there are few insurance plans with provide international coverage for Residents, however these plans offer cover with cappings for x number of days in a policy year when one moves in and out of India. Since your children are in Australia for education the insurance plans with global coverage wouldn't be helpful in your case.

Hence, It is advisable to take a private health insurance policy in Australia instead of going for a policy from Indian Insurer with international coverage.

Hope this addresses your concern

Stay Safe

0 Comments

29 Aug, 2021

Shailesh Kumar

CEO, Insurance Samadhan

Dear Jasmer

No need to take a plan in India , take health insurance in Australia for your children .

There sre Global cover plan with names of hospitals in Australia but generally taken as part of travel insurance .

Students prefer local health insurance or group cover taken by university whrre they are studying . All university fees include Health insurance whivh is very economical and friendly .

So dn not waste your monry in paying premium in India.

Hope this clarifies

Shailesh

Insurance Samadhan

3 Comments

29 Aug, 2021

jasmer singh

Many thanks Shailesh, will do.

your advice is much appreciated🙏

30 Aug, 2021

jasmer singh

Dear Shailesh,

I have been offered a ProHealth Policy from Manipal Cigna for Global coverage for the children, for Rs 42,000/- for 3 years for 25 lakh coverage each.(Multi -individual, not floater)

That price cannot be matched by any company in Australia, it costs 5 times as much there for the same SI.

In the offer brochure of ProHealth it mentions that it can be availed only in case of emergency.

On writing to them about my reservations of the emergency clause, they replied "In ProHealth any time treatment which is not plan in India will be treated as emergency that you are availing in worldwide and the condition for that is simple it will cover in policy upto the sum insured once in a policy year"

That wording is so confusing.

What is your experience about this kind of policy, and will there be many exclusions which they cannot avail?

31 Aug, 2021

Anuj Jindal

Co-founder, SureClaim

Shailesh is right Jasmer.

While the policy you're thinking in India may be cheap, it is not meant for hospitalization or health cover in the international territory.

Cover in Australia may be expensive but that is your best option.

31 Aug, 2021

Shailesh Kumar

CEO, Insurance Samadhan

Thanks Anuj

Moreover , all universities in Australian provide group health cover for students and same is part of education fees .

This cover is very cheap approx 1000 Australian Dollar for full term .

1 Comments

31 Aug, 2021

jasmer singh

Many thanks Anuj and Shailesh.

Yes, I will find out from the colleges about health insurance cover for them.

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