Buy Travel Insurance Cover Or Not? Here's List Of Credit Cards That Cover Medical Emergencies

Are you thinking of buying travel insurance but are not sure if it's the right decision? We have heard this popular phrase that uncertainty is the only certain thing in life and this has gone true for most of us at one point or the other. Still, we ignore this reality and things will always go according to our and we will never face any financial or medical emergencies in life.

However, there are certain things that are beyond our control, though precautionary measures can be taken to avoid an unfavorable situation be cannot guarantee that nothing wrong will happen to us in our entire life. Similarly, while traveling, there are chances that a lot of things can go wrong, like accidents, theft of luggage, or we may face a health issue that requires immediate care. Here is where we feel the need to purchase travel insurance online to provide a safety net to fall back on in case of any unforeseen incidents.

Currently, not all credit cards offer travel insurance in India. While some do provide basic coverage, their benefits are often limited. Credit card insurance policies usually tend to cover the expenses of only the cardholder, whereas, travel insurance policies purchased online have the option to provide coverage to other co-travelers under the policy.

Ram had forgotten to buy an overseas travel insurance plan. During the trip, he faced some breathing difficulties and had to be rushed to the hospital and was admitted overnight at the New York Hospital. His family was emotionally broken but was not concerned about the huge medical bill because his wife had a Platinum credit card from American Express, which also covered any emergency medical hospitalization across the world.

Thus, we see the family was saved from financial burden because they had opted for a travel insurance plan. These situations can happen to anyone, and therefore it is recommended to apply for travel insurance cover.

In this article, we have brought you list of credit cards that also cover medical emergencies:

HDFC Bank Diners Club Black Credit Card

HDFC Bank Diners Club Black Credit Card covers any medical expenses due to any Bodily Injury or sudden unexpected sickness only for international travel outside India. The card does not cover medical expenses incurred due to any pre-existing ailments. The card charges an annual Fee of Rs. 10,000 (Waived off on annual spend of Rs. 5 lakh), and provides overseas hospitalization cover of Rs 50 lakh.

American Express Platinum Card

The card has a Joining Fee of Rs. 60,000 and it provides overseas medical insurance of $50,000 for the initial 7 days of the trip.

Cardholders can use their card with confidence the world over, knowing they have the powerful backing of American Express no matter where they are 24x7. The American Express Platinum Card Membership gives protection to Card Members when they travel and also saves them travel insurance premiums. Under Air Accident Cover, the primary card is insured with the sum of Rs 50,000,000 when the ticket is purchased on their card.

Overseas Medical Insurance of $50,000

Medical Insurance: Complimentary* Overseas Medical Insurance for US$ 50,000 for the first seven days of the trip, when traveling abroad with tickets purchased with a Platinum Card
The card also offers cover against Loss or delay of Baggage or loss of Passport.

Standard Chartered Ultimate Credit Card

Standard Chartered travel credit cards offer a wide array of complimentary features and benefits. Indulge yourself with airport lounge access, reward points for every purchase, fabulous cashback offers on duty-free shopping, and discounts on flight tickets bought on specific sites. You can even benefit from our complimentary travel insurance.

According to the Paisa Bazaar website, Standard Chartered Bank Ultimate Credit Card is a premium credit card that offers high cashback and benefits on various categories such as travel and rewards. The card comes with a reward rate of 3.3%, which makes it stand among the league of other super premium credit cards like HDFC Infinia that have similar reward rates. Also, the card offers discounts on traveling, dining and lifestyle with other world-class privileges that make it a worthy addition to your wallet.

You need to pay an annual fee of Rs. 5,000 on this card. Emergency medical expenses coverage of up to $25,000 with a deductible of $100.

HDFC Regalia Gold Credit Card

Joining Fee: Rs. 2,500 (Waived off on annual spend of Rs 4 lakh) With the HDFC Bank Regalia Gold Credit Card, cardholders can avail of an air accidental death cover of up to Rs 1 crore if they sustain bodily injuries due to an air accident that results in death. Additionally, if you're hospitalized outside India while traveling, you can get up to Rs 15 lakh cover under emergency overseas hospitalization.

Also, in case of the cardholder's death, the card liability cover helps settle the pending debts of up to Rs 9 lakh. Trip cancellation policies offered under credit card insurance are often limited to certain circumstances such as injury or death. Death due to any pre-existing health condition is not covered unlike that offered under a travel insurance plan.

The card also provides complimentary Airport Lounge Access within India:

12 complimentary access within India (both at domestic and international terminals) using the HDFC Bank Regalia Gold Credit Card.

You can Swipe your HDFC Bank Regalia Gold Credit Card at the lounge to avail the complimentary lounge access.