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What a health emergency can cost you in other countries

, ET Spotlight|
Updated: Apr 17, 2019, 11.46 AM IST
ET Spotlight
What a health emergency can cost you in other countries
Travel - there is little that hasn't been said on this subject. And if there is one thing that everyone will agree about travelling, it is the unpredictability that comes with it. Be it stumbling upon hidden gems or chances of encountering an emergency - ambiguities may raise their heads more often than you would want them to. These unpredictable factors become especially more daunting during international trips. One of the most common travel issues that we may face is a medical emergency. And it can cost us dearly abroad, here's why.

The rising cost of health care
It is no secret that the cost of healthcare is on the rise, not only in India but all around the world. In these circumstances, going abroad without proper health care coverage is a risk that can seriously affect our savings. An MRI which costs approximately Rs 25,000 in India, costs USD 1119 (Rs 77465 approx) in the United States, according to 2014 reports. This is bound to have further increased.

The rising cost of health care

Cost of medical aid abroad
The cost of healthcare is not just high in the US but continues to be expensive in different parts of the world. According to OECD Health Data (2017), the total health expenditure per capita in the UK is approximated Rs 290174.43 (4129 USD), while that in Canada is 329007.41 (4753 USD). Meanwhile, the 2016 National Health Expenditures Account estimated the per capita health expenditure in the US to be around Rs 716298.91 (10348 USD).

Is your health insurance valid internationally?
The drastic difference in the cost of healthcare shows the possible threat that a medical emergency may pose on your savings. To add to this, while your health insurance may cover your medical expenses in India, most of them are not valid abroad. In such cases, how do we cope with a medical emergency on our international travels?

Cost of medical aid abroad

Trust travel insurance
One of the most reliable ways to make sure you are prepared for all uncertainties is to opt for trusted travel insurance. It not only offers protection against theft, flight cancellations, and other contingencies but also comes with health care benefits. Based on the insurance cover that you have opted for, there are various benefits that can ease medical emergencies that you may encounter abroad. In addition to the individual insurance plans for your solo or business travels, companies like Reliance General Insurance offer a family cover that takes care of your entire family during your international travels.

Trust travel insurance

And then there is Reliance General Insurance's Senior Citizen Travel Insurance Plan that offers benefits of travel insurance for your parents and other elderly family members that you may be travelling with. With added benefits like trip delay cover, daily allowance in case of hospitalisation, financial emergency assistance, etc in some plans, travel insurance ensures that our trips continue to be smooth, despite any uncertainty. The nominal cost of these insurance plans, and the plethora of benefits that come with them ensure that the rising costs of health care abroad does not affect your savings.

(This article is generated and published by ET Spotlight team. You can get in touch with them on
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