1 hr ago

Why ₹1 Crore Travel Insurance May Pay Much Less

Travel insurance claims ₹1 crore cover, but your medical bill payout can be much lower — here's why · livemint.com

Travel insurance can help pay for medical care or other unexpected problems while someone is abroad.

Some places require visitors to buy it before they can get a visa or enter.

The required amount can differ from one destination to another.

But a policy that advertises a large total cover may still limit how much it pays for each kind of medical expense.

These smaller caps are called sub-limits.

For example, there may be separate limits for a hospital room, intensive care or an ambulance.

The limits differ between cheaper and more expensive plans.

They may also change depending on the traveller’s age.

Key facts

Schengen minimum cover: At least €30,000, valid throughout the traveller’s stay.
UAE standard stated requirement: At least $50,000 in emergency medical cover for the visa duration.
Higher UAE coverage cited: Some visa processing centres may require up to $100,000 in coverage.
Sub-limit examples: Room rent, ICU charges, surgery, doctor consultations, diagnostics and ambulance costs.
Entry-level room rent limit: $1,500 per day, according to the article’s Policybazaar-sourced table.
Premium room rent limit: $2,500 per day, according to the article’s Policybazaar-sourced table.
Age-related variation: Sub-limits may vary by age, and the age thresholds can differ between insurers.

livemint.com · 1 hr ago