1. What is International Travel Insurance?
International travel insurance is one of the insurance services provided to residents in Vietnam (both Vietnamese and foreigners living in Vietnam) to meet the needs of travel, study, work, visiting relatives, etc., abroad.
International travel insurance will help protect you and your family from unexpected risks or incidents during your trip such as accidents, illnesses, weather/food/accommodation-related diseases, flight delays/cancellations, loss of personal belongings, encountering vehicular issues abroad, etc.
2. Why should you buy international travel insurance?
While traveling internationally, we cannot anticipate unforeseen incidents or sudden accidents along the way. Purchasing international travel insurance is the best option to protect yourself and your family throughout the journey.
Encountering incidents during travel without insurance support can result in substantial financial and emotional losses. Buying international travel insurance for foreigners aims to protect the insured person from risks during the trip.
Therefore, before each long-distance trip to any country, the first thing you should do is prepare for yourself and your family a reputable, quality travel insurance package. International travel insurance will assist you in dealing with and compensating for unexpected losses. This will provide you with peace of mind during all your journeys.
3. Benefits of buying international travel insurance
Based on different insurance providers, customers will receive specific benefits when purchasing insurance. Here are some basic benefits when buying international travel insurance for your reference.
International insurance covers personal accidents
If you suffer permanent disability or death while traveling, the insurance company will compensate the corresponding fee according to the insurance package chosen by the insured.
Medical expense reimbursement
This is one of the most practical benefits of international travel insurance packages. When you purchase insurance, the insurance company will reimburse medical expenses if you are injured due to sudden accidents or illnesses while traveling.
In case the insured person suffers severe disability and needs to be moved from one place to another or returned to Vietnam for treatment, the insurance company will directly cover these incurred expenses. The reimbursement amount will be determined in the insurance program chosen.
Repatriation of remains
If, unfortunately, the insured person has an accident and dies during the trip, the insurance company will cover expenses such as burial or cremation. Subsequently, the remains of the deceased will be returned to Vietnam for the family.
Compensation for luggage and travel accessories
The international travel insurance package will compensate the customer according to the program they choose. In case of loss or damage during the trip to luggage or travel accessories, you can rest assured because the insurance company will ensure your property.
In the event that luggage is lost for at least 6 hours (depending on the type of luggage and the chosen travel package), the insurance company will be responsible for reimbursing you the expenses used to purchase necessary items. This will help you and your family have a smooth trip without being affected by lost belongings.
Compensation for property and personal documents
When traveling abroad, if the insured person loses their property, is robbed, or stolen from, the insurance company will reasonably compensate according to the purchased insurance package. The reimbursement will cover the cost of transportation and hotel expenses.
In addition, the loss of documents must be verified by the competent police authority in the area where the incident occurred. Within 24 hours from the time of loss or discovery of loss, any compensation claims must be accompanied by a written confirmation from the police authority.
Other benefits
Apart from the above benefits, when purchasing international travel insurance, additional policies will be received, such as compensation for delayed trips, emergency evacuation, medical evacuation in cases of severe illness, etc.
The reimbursement amount will be specifically defined in the insurance contract. The level of benefits depends on the insurance package that the customer registers with the insurance company.
4. Considerations when buying international travel insurance for foreigners
When buying international travel insurance for foreigners, there are some important considerations to consider:
Learn about the location to purchase insurance when traveling abroad: Choose a reputable insurance company with experience in providing international travel insurance for foreigners. Research the company’s reputation and reviews online, or seek advice from family or friends who have experience purchasing international travel insurance, including insurance for overseas business combined with travel. Additionally, when applying for a travel visa abroad, some countries may require proof, a travel schedule, providing travel insurance can increase the chances of passing the interview, especially when applying for travel visas to the US, Australia, Canada, Schengen Visa, etc.
Insurance coverage: Carefully consider the terms and coverage of insurance provided by the company. Ensure that the insurance includes main risks such as illnesses, accidents, loss of property, flight cancellations, or itinerary changes.
Insurance duration: Determine the time you plan to travel and purchase insurance that is suitable for that period. Make sure that the insurance will protect you throughout the time you are abroad.
Insurance fees: Compare and research insurance fees. Insurance companies may charge fees based on age, travel time, insurance requirements, and other factors. Compare prices and terms to choose insurance that fits your budget and needs.
Terms and conditions: Read and understand the terms and conditions of the insurance. Consider requirements for reporting losses, compensation procedures, and liability limitations. Ensure that you understand your rights and responsibilities when buying insurance.
Exclusions: Check the insurance exclusions. Some insurance policies may not cover adventurous activities like extreme sports, long-distance hiking, or illegal activities.
Health requirements: Check if the insurance requires any health-related requirements before purchasing international travel insurance. Some insurance companies may require a health check-up or information about medical history before registration.
Geographical coverage: Determine the geographical coverage of the insurance. Some insurance may only apply to specific areas or certain types of travel. Ensure that your travel destination falls within the insurance coverage.
Age restrictions: Check whether the insurance has age restrictions. Some insurance may not provide coverage for older people or have specific requirements for certain age groups.
Insurance contract: Read and understand the terms in the insurance contract. Consider details about compensation, compensation conditions, and other regulations. If there are any unclear points, ask questions and request clarification from the insurance company before signing the contract.
Expert advice: If you feel uncertain about any aspect of international travel insurance, seek advice from insurance experts or individuals experienced in purchasing international travel insurance for foreigners. They can help you understand better and provide suitable advice.
Emergency rights: Learn about emergency rights in case you encounter unexpected situations such as accidents or severe illnesses. Ensure that the insurance provides support and compensation in these emergency situations.
Cre: Nargini/ lumahealth.com
