What are the basic requirements for obtaining a overseas mediclaim policy? Should one go for it?You only have to approach an insurer with your passport and a visa (where necessary) and complete a proposal form provided by the insurer. Beyond a certain age, depending on the requirements of the underwriters, you may also have to undergo prescribed medical tests. Depending on the medical reports, certain pre-existing medical conditions may be excluded from the scope of the policy.
As far as the necessity of the cover, in certain countries, it is mandatory for a visitor to be covered under a health insurance policy. In its absence, one may run the risk of repatriation or quarantining at the airport itself. Besides, medical treatment is expensive overseas and can become a major financial strain in case of any emergency or accident. For a small premium paid in the Indian currency, payment of claim in foreign currency of the country, where a claim arises, is disbursed.
