Firstly let us understand the term ‘Health Insurance’. It is basically an ‘Insurance’ (financial protection or monetary reimbursement against a possible event) that covers the cost of medical and surgical expenses on the ‘Insured’ (person covered by insurance). In this context, the ‘Provider’ is generally a clinic, hospital or a doctor.
With more and more people becoming globe trotters (either to live, study or just travel abroad for long time periods), it has become important that the insurance coverage does not remain local or confined to a particular place. Global health insurance which is also referred to as International health insurance, are health plans providing long-term major medical coverage, no matter where you live around the world.