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Sublimits are specific constraints or limits in Indian visitor travel insurance policy's cover for certain losses or medical expenses. These travel insurance India sub-limits are part of the original medical maximum coverage amount, which means that the sub-limits do not provide extra coverage but are a specified maximum limit to cover a specific situation. Sub limits in International travel insurance for Indian travelers may be either expressed as a Dollar amount or as a percentage of the total coverage available.
The term without sublimits in travel insurance means that the benefits are covered up to policy maximum. For example Let us suppose you have a interntional travel insurance without sublimits policy where you get a coverage for accident and sickness medical expenses is $50,000. And you have a eligible medical sickness claim total bill of $35,000. Then the insurance company pays you in full.
The term sublimit or sub limit or sub-limit is same. With reference to the international travel insurance it means there are restrictions or capping on the benefits covered under the scheduled policy.
Simple example for travel insurance plan with sublimits - $100,000 coverage for sickness medical expenses where in inpatient surgery is limited to $10,000, surgeon fees is limited to $5,000
Simple example for travel insurance plan without sublimits - $100,000 coverage for sickness medical expenses where in inpatient surgery and surgeon fees is covered up to $100,000.
| Travel insurance plans with Sublimts | Travel insurance plans with no Sublimts | |
|---|---|---|
| Definition | Travel insurance with sublimits plan have specific limitations on the coverage available to cover different medical expenses. | Travel insurance without sublimits plan cover up to the available maximum without any limits for specific treatments |
| Coverage Restrictions | Predefined caping on specific medical expenses | No restrictions. Medical expenses covered up to policy maximum |
| Premium Cost | Lower premiums and affordable | Little expensive and comprehensive cover |
| Complexity in understanding | Requires careful reading and understanding scope of coverage due to caping. | Simpler to understand as the coverage is up to the mentioned value. |
| Complexity in understanding | Requires careful reading and understanding scope of coverage due to caping. | Simpler to understand as the coverage is up to the mentioned value. |
| Claims process | Since there is a limit in benefit coverage, chances of out of pocket expenses are high. | Since there is no limit. The claims are paid up to limit mentioned in the policy. |
| Flexibility in plans | Less flexible | More flexible |
| Suitable for | Travellers looking for budget friendly insurance plans | Travellers looking for full coverage and less worried about premium. |
| Premium Cost | Cheap and affordable | Higher premiums |
Please find out the different types of travel insurance that suits your travel.
Click here to read more »Travelers already outside India without insurance? We can try to get special approval to buy the travel insurance online.
Click here to read more »Visitors travel insurance for pre-existing conditions.
Click here to read more »There are many insurance companies which offer various plans at competitive prices. The price of the insurance plan varies with the age of the traveler, duration of travel, the travel destination and the medical maximum coverage. The plan which offers lower maximum coverage and fewer policy benefits will be the cheaper plan. The customer has to review the benefits and coverage of choice so that he / she can decide on the cost of the insurance. If the travelers are traveling in groups. Then they can buy a group travel insurance which will be cheaper than the individual travel insurance.
Travel insurance works on the same principle as other insurance plans work. Travelers pay a small amount as premium to the insurance company to get insured themselves. The insurance company holds the money of all the travelers. In case of claim by a traveler. Then the insurance company pays back to the intended traveler as per the agreed terms and conditions of the policy. If it is a cashless hospitalization expenses benefit, then the insurance company pays directly to the hospital while if it is a reimbursement claim. The traveler is reimbursed accordingly.
| Expense | Amount Billed | Plan Pays | Customer Owes |
|---|---|---|---|
| Ambulance | $700 | $400 | $200 + $100 (deductible) |
| Hospital Room Rent | $8,000 for 4 days | $6,000 for 4 days | $2,000 |
| Surgical Treatment | $16,000 | $10,000 | $6,000 |
| Physician’s visits | $400 for 4 days | $300 for 4 days | $100 |
| Total | $25,100 | $16,700 | $8,400 |
| Expense | Amount Billed | Plan Pays | Customer Owes |
|---|---|---|---|
| Ambulance | $700 | $400 | $100 (deductible) |
| Hospital Room Rent | $8,000 for 4 days | $8,000 for 4 days | $0 |
| Surgical Treatment | $16,000 | $16,000 | $0 |
| Physician’s visits | $400 for 4 days | $400 for 4 days | $0 |
| Total | $25,100 | $25,000 | $100 |
Indian tourists have become a common sight across the globe. Indians with increasing affordability travel around the world for sightseeing, exploring destinations and shopping in foreign countries. Many foreign countries have observed the increase in number of tourists from India every year. Lots of countries woo Indian vacationers with attractive holiday packages and cheap airfares.
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Indians while traveling outside India should buy proper travel health insurance. We help you find the travel insurance policy based on your requirements.
Compare and buy indian travel insurance for family travellers online.
Indians traveling to other Asian countries have the option of buying very specific Asia travel insurance.
India travel insurance covering pre-existing conditions.
Get free quotes and buy Indian Domestic travel insurance plans online.
Annual Multitrip insurance allows customers to travel outside India, anywhere in the world, any number of times during the coverage period of 1 year.
Group travel insurance is an insurance that will cover a group of people, buy group travel insurance policy online.
Travelers who are above 70+ can get quotes and compare senior citizens overseas travel insurance plans offered by Indian insurance companies.
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