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Travel insurance is designed to protect you from losses while you are traveling. There are many situations that could result in your need of travel insurance. Things like lost luggage, trips being cancelled, medical emergency e

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

xpenses along with other situations you may not have thought of

There are several types of coverage for travel insurance and it will depend on the insurance company issuing the policy as to what you are covered for.

Some types

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

of cover available for travel insurance are:

Trip Cancellation
Accident/Sickness Medical Expenses
Baggage/Personal Effects Loss or Delay
Medical Evacuation/Emergency Transportation
Trip Delay
Supplier De

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

fault

Trip Cancellation will cover you for non-refundable payments or any deposits paid for trips that have to be cancelled due to unforeseen circumstances. This is the most common type of travel insurance.

Accident/Sickness Me

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

dical Expenses is another cover that could be overlooked but is very important when traveling. This will cover you for any costs you may have for illness or injury while you are traveling.

Baggage/Personal Effects Loss or Delay

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

, this will cover you for any items that may be lost or delayed in getting to you while traveling. Things like your luggage not arriving with you and you need to replace certain item while waiting for your luggage to arrive.

Me

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

dical Evacuation/Emergency Transportation, as it says, this covers you for medical emergency transportation if you need to be transported to a hospital or medical facility while traveling.

Trip Delay will make sure you are not o

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ut of pocket if while traveling your trip is delayed.

Supplier Default, if a travel supplier defaults, this will cover you for any payments either full or deposits you have paid.

Many travel companies like tour or cruise lines

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

will offer their own protection plans. You may find these plans will offer a very different coverage to other insurance companies who do travel insurance. It is best to compare what each will cover you for and don’t make the mi

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

stake of taking the travel company’s offer without making sure it is best for you. Make sure you are being covered for all you need.

If you want to protect your travel investment and no matter where you are traveling to, it is

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

costing you money. Often times the deposits and prepayments have to be paid so early that unforeseen circumstances often happen, like an illness, death in the family, accident etc and your trip may need to be delayed or cancelle

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

d.

There will be financial losses to you as most of the money you have paid is non-refundable and without the protection of your travel insurance, you will be very much out of pocket.

Your private health insurance may only cove

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

r you in your own State or Country so it is necessary to make sure you have the medical insurance coverage for your travels.

A travel insurance policy may cover you for all your needs but this will vary from company to company a

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

nd from policy to policy. Remember if it sounds too good to be true, it probably is, so read the fine print very carefully.

Make your list of what you want covered and also make sure you know the value of your possessions and f

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

or your valuables, take photos so they can be identified in case of loss or theft. With digital photos and cell phones with inbuilt cameras this is very easily done today.

If you do have to make a claim for a loss with your tra

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

vel insurance company, if you have records for them, it will speed up the process for you.

Just to recap, this is a list of the most common risks that are covered by travel insurance

· Cancellation
· Curtailment
·

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

Delayed departure
· Loss, theft or damage to personal possessions and money (including travel documents)
· Delayed baggage (and emergency replacement of essential items)
· Medical expenses
·

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Emergency evacuation/repatriation
· Overseas funeral expenses
· Accidental death, injury or disablement benefit
· Legal assistance
· Personal liability and rental car damage excess
· Loss of income

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

Ask each travel insurance company what they provide first, then compare it with your list of what you require. The more you are covered for the more you may have to pay, so depending on how much you are outlaying for your trip,

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

you will need to weigh this up.

Travel insurance like all insurance needs to be looked into for what your needs are, you will enjoy your travel so much more if you know you have taken the right steps for a “peace of mind” trip.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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