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TERM INSURANCE COVERS INTERNATIONALLY ??

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16 Feb, 2021 by  mehul

ONE OF MY IS PLANNING TO BUY TERM INSURANCE BEFORE HIS 30TH BIRTHDAY AND AFTER 6 MONTHS HE WILL BE APPLYING FOR JOB INTERNATIONALLY. RECENTLY HE HAS BROUGHT HEALTH INSURANCE & ACCIDENT POLICY. WILL IT BE VALID OUTSIDE INDIA? WILL TERM INSURANCE BE COVERED OUTSIDE INDIA ?

KINDLY SUGGEST ACCORDINGLY. WHAT HE SHOULD BE DOING AS OF NOW. PURCHASE TERM INSURANCE OR POSTPONE THE PLAN FURTHER.

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Term Life Insurance
Accident Insurance
Health Insurance

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16 Feb, 2021

Hello Mehul,


Term Insurance provides worldwide coverage. Please ensure you buy the policy before you travel outside India, as some insurers require you to be in India when signing up for the policy - also there could be requirements with respect to medical tests.


Health Insurance policies usually do not cover treatments outside India. Some health policies provide coverage for Emergency hospitalization outside India if the person is traveling for business or leisure (not sure about emigration).


Hope this helps.


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17 Feb, 2021

Suggest you to buy term plan in India only. Rates are much less here. As suggested be sure about the international coverage in health plan - normally it is not covered. At the best insurance company would pay reasonable & customary charges which would hv been incurred in india.

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