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POSTED BY ON November 12, 2014 5:13 pm ONE COMMENT
Hi Manish, I am Yegappan Muthu, Age 28. For the past 5 years I worked as NRI. I didn\’t avail any term insurance. January 2014 I joined in a Bangalore based company. My job profile is to support international clients. I will go to India for 3 or 4 weeks once in 3 months. My company availed Star health – Travel Protect Insurance for the sum of 1 Lakh USD for all my international travels. But insurance will not cover the days I am staying in India. Is it ok or can I go for other term insurance. Which policy could suits my profile. Thanks in advance.
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Hi Muthu,
Firstly, I did not understand your residential status now. What i understand is, you work for Bangalore based company which has an office abroad and you come to India for approx 3 weeks once in 3 months. My answer is based on this assumption.
Well, i don’t think you need to take any other term insurance in India, if you do not have term insurance in the country you stay in. You will have to take the term insurance of that country where you stay or have green card of. Also below are the feature of Star Health corporate policy which obviously will not cover your death, but medical emergencies definitely and host of other features.
Features of the corporate travel plan
Emergency medical expenses whilst you travel/stay abroad
Emergency medical transportation to India
Repatriation of mortal remains
Any dental emergency expenses following an accident
Compensation following accidental injuries
Cost of loss of traveler’s checked-in baggage
Reasonable expenses incurred for obtaining new passport
Expenses on emergency purchase of consumables due to any delay in handing over traveller’s checked in baggage by the carrier for more than 12 hours
Delay in flight
Expenses relating to travel and accommodation incurred due to missed departure/connection
Hijack distress
Any legal liability that may be fastened upon the traveller, if he/she causes any bodily injury or property damage to any third party whilst on an insured trip
Any travel expenses incurred in sending a substitute employee following the covered sickness/accidental injuries of the insured employee.
Regard,
LJ