Outlook Money
Travel insurance provides coverage against flight cancellations, luggage loss, and medical emergencies.
This is a condition which includes an illness or injury diagnosed by a physician not more than 36 months prior to the policy start date.
It is usually only during life-threatening situations with a restricted sum insured limit that the pre-existing conditions apply.
The basic travel insurance policies provide coverage to the limited coverage for life-threatening emergencies during travel, even if they are caused by a pre-existing condition.
All applicants are required to disclose all the relevant medical history when the policy is purchased.
The insurer offer coverage with certain restrictions and exclusions, or it may also request additional medical information before issuing the policy.
It does not cover travel done against the medical advice where the patient is waiting for treatment or an operation.
The advanced-stage terminal diseases with poor prognosis are not covered.
One should be careful about the conditions and stipulations set out in the policy's fine print to know what is and is not covered.