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Oct 8 2010 12:52PM
Soon, your mediclaim could cover overseas hospitals too

Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch a premium health cover shortly. Health insurance providers, both private and state-owned, are readying products targeted at high net worth individuals that would provide a cover of about Rs 50 lakhs. “We are working on the details of the product and will soon file it with the regulator for approval,” said M Ramadoss, chairman and managing director, New India Assurance. Insured will have the option to be treated at hospital of his choice, both in India as well as overseas. Insurance companies, however, will also provide a suggested list of network of hospitals. Insurance companies will not insist on customers exploring the domestic option first. Among private insurers Apollo Munich Insurance Company and Iffko Tokio confirmed plans to launch such a product soon. “The customer will be free to choose any medical facility across the globe according to his or her convenience. The product will offer the customer an option to choose any medical facility irrespective of a geographical location,” said Antony Jacob, chief executive officer, Apollo Munich.
 
 
 
 
 
 
 
 
 
     
 
     
 
 
 
 
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