India Germany county Will information Health India Germany county Will

Will your life, health insurance cover remain valid if you move abroad?

Reading now: 287
www.livemint.com

I bought a 25-year term insurance cover of ₹1 crore four years ago. I also have a medical insurance plan for myself and my family.

I will soon be moving to Germany. Will my life insurance and medical insurance cover remain valid if I move abroad? -Name withheld on request Moving to another country will not affect your life insurance cover.

It will remain valid as long as the premiums are paid regularly every year. However, do inform your life insurance provider about your plan to shift to a foreign country.

Your medical insurance cover will, however, not be valid outside India. A health plan bought in India is meant to cover expenses on medical treatment in India.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA