Common Terms Relating to International Travel Insurance
Many policyholders who buy travel insurance to the US or other countries may find it difficult to understand certain terms that are related to travel insurance and are included in international travel or overseas travel policy documents. Some of the important terms related to overseas travel and health insurance that one must know have been listed below:
Accident: Under the overseas travel insurance from India, this term refers to an unforeseen event that is caused by something that is external or visible, which might result in bodily harm that may lead to hospitalization, injury, permanent loss of sight, loss of limb, disablement, or death, even within a year of the said accident.
Annual International Multi-Trip Travel Insurance Plan: This is a kind of annual international travel insurance that provides coverage for all the trips that the policyholder makes within a year (policy term).
Baggage and Personal Effects Coverage: Under the IFFCO Tokio overseas travel insurance from India, coverage is offered for the policyholder’s baggage, credit cards, personal effects, and passport.
Baggage Delay: This term refers to the reimbursement benefit that is extended under the IFFCO Tokio international travel insurance from India if the baggage or personal effects have been delayed for more than 12 hours during the trip. Benefits: This term refers to the amount that the policyholder receives if a claim is filed.
Certificate of Insurance: It refers to a document that is used by IFFCO Tokio to establish the existence of international travel insurance from India.
Common Carrier: It refers to the conveyance or a transportation business that is paid to transport passengers.
Country of Citizenship: It refers to the country that a person owes allegiance to.
Co-Pay or Co-Insurance: This term, under the international travel insurance from India refers to the amount that is paid by the policyholder once the payment of the deductible is complete.
Country of Residence: It refers to the country that one currently resides in or is naturalized in.
Deductible: It refers to the amount that the policyholder is required to pay before IFFCO Tokio makes payments, which can be an amount based on the policy period or an amount based on the scenario.
Departure Point: It refers to the point where the journey begins and ends.
Emergency Benefits: It refers to the coverage of expenses under the overseas travel insurance from India that was incurred while the policyholder was traveling and was in need of medical assistance.
Emergency Evacuation: It refers to coverage under the overseas travel insurance from India, associated with medical evacuation to a medical facility in the country the policyholder is in or to one’s own country.
Emergency Reunion Coverage: It refers to accommodation and travel expenses that are associated when the policyholder’s family member or friend travels to visit him when the policyholder is hospitalized.
Exclusions: It refers to the expenses that are not covered under the overseas travel insurance from India, for example, expenses incurred as a result of taking part in recreational activities or sports that are high-risk in nature. Excess: It refers to the deduction that is payable under a policy.
Family plans: It refers to overseas travel insurance from India that provides coverage for all family members that are traveling together and they receive a discounted rate for the international travel insurance cost.
Hazardous Sports and Activities Coverage: It refers to the coverage of any medical-related bills that were incurred by engaging in high-risk activities, like rock-climbing, skydiving, and scuba diving.
Insured: It refers to the policyholder that is covered by the travel insurance for the USA or other countries.
Individual Plan: It refers to overseas travel insurance from India that provides coverage for a single policyholder.
Lost Luggage: It is a type of secondary coverage that is paid to the policyholder if the checked luggage of the policyholder is lost permanently.
Maximum Policy Coverage: It refers to the maximum compensation which will be paid by IFFCO Tokio for the expenses that are covered by a policy.
Non-Refundable Travel Expense: It refers to the expenses during travel that cannot be reimbursed by IFFCO Tokio or is not covered by travel insurance for the USA or other countries, like hotel deposits and airline tickets.
Pre-Existing Conditions: It refers to medical conditions that existed before the overseas medical and travel insurance was purchased, including USA travel insurance. Mostly, insurers provide no-coverage or minimal coverage for expenses related to such conditions.
Premium: It refers to the international travel insurance cost that is paid for availing travel insurance for international travel.
Primary Coverage: It refers to the form of overseas travel insurance that the main insurance policy of the policyholder covers.
Rental Car Insurance: It refers to insurance coverage that protects rented cars from damageof theft during the trip. It also covers injuries sustained by other people if the policyholder is responsible for an accident.
Repartition Benefit: It refers to the expenses covered by IFFCO Tokio that involve prepping and sending the mortal remains or body of the deceased to his or her own country.
Secondary Coverage: It refers to the coverage of expenses by the policy that is not included in primary coverage.
Single Trip Plan: It refers to a policy that covers a policyholder for a single overseas trip.
Travel Supplier Bankruptcy or Default: It refers to the assistance available to policyholders if they encounter difficulties while traveling, which includes legal assistance, 24-hour emergency services, visa and passport assistance, etc., among other services.
Trip Interruption Insurance: It provides coverage to policyholders who have encountered cancellations or interruptions on the trip due to injury, illness, flight problems, or the death of a relative.
Usual, Customary and Reasonable Charge: It is the average amount charged for certain services, procedures, and treatments at the policyholder’s travel destination.