People regularly take holidays and many times these holidays are celebrated outside the country as well. Such holidays can be risky for individuals and families when the person who is holidaying is far away from their loved ones and help is pretty far away from hand. One needs holidays to unwind and relax and recharge their batteries but it is always better to safe then sorry.
This where travel Insurance comes into place. Travel insurance deals with insurance over the luggage and paper assets being carried by the person. Say if the person losses all his/her luggage or somehow all his travel documents are stolen then what is the person to do in a foreign currency where the official routes of finding help is unknown to the individual. Looking into these matters the ICICI Bank has launched the ICICI Lombard Senior Citizen which deal in overseas medical insurance when the insured might be facing medical problems abroad.
In this Insurance scheme the insured will be able to claim the payments to the US based group United Health Care in which any medical treatment the insured has gone through abroad in United Health Care network would be taken care of by the Insurers. The policy ICICI Lombard Senior Citizen lasts for a total of 180 days and the insurable amount limit is $15,000.
Another big risky problem is faced by parents when their little ones who have grown way to fast then what the parents expected and now are getting ready to go for their studies abroad. How will the child who the parents think is not ready to take car of himself or herself abroad. ICICI Lombard is again here with another solution and this time with the ICICI Lombard Gold Plan in which the bank provides a insurance for students studying abroad and the bank takes care of almost anything including medical expenses, dental treatment, repatriation of remains, checked baggage loss, personal accident, personal liability, bail bond, study interruption, sponsor protection and compassionate visit.
The students are most at risk as they are getting some very expensive education and cannot come home every time they fall sick and most cannot afford foreign medical treatment and thus the ICICI Lombard Gold plan is a floating log for the drowning fellows out their. Medical Insurance and mixed with travel insurance is a product which todays market needs desperately and thus the bank has launched into the domestic market in the country.
Another plus point for those globe trotters is that the company is providing the cover against the H1N1 Influenza virus as well which has become a grave matter of concern for the international community and also India with more then 10,000 cases reported in the country since the pandemic started. Thus showing that the bank has learnt to keep with the times and providing the latest and useful financial instruments of publicize.
