Health Coverage For NRIs In India: Benefits And More

Non-resident Indians (NRIs) who reside outside of India for a significant portion of the year often grapple with deciding whether to purchase health insurance in their home country. With 30 million NRIs worldwide, preserving Indian ties is crucial. This article explores factors influencing health insurance choices and highlights associated benefits for NRIs in India.

Factors Influencing Health Insurance Decisions:

1. Length Of Stay In Home Country:

The duration of an NRI’s stay in India plays a pivotal role in purchasing health insurance. For extended stays, typically two months or more, having Indian health insurance is advisable to mitigate potential financial burdens arising from medical emergencies.

2. Regularity Of Visits To India:

For NRIs planning to live overseas for an extended period without frequent returns to India, purchasing health insurance in the home country becomes a prudent choice. This ensures continuous financial security during prolonged periods abroad.

3. Family Staying In India:

In cases where an NRI’s family remains in India while they are abroad, acquiring comprehensive family health insurance is recommended. This safeguards against unexpected medical expenses for family members, providing financial stability during emergencies or planned network hospital stays.

Benefits Of Health Insurance For NRIs In India:

1. Coverage For Medical Expenses:

Health insurance shields NRIs from the exorbitant costs associated with network hospital stays, surgeries, and medical treatments during visits to India. This coverage extends to family members, ensuring their financial stability in the NRI’s absence. Claims are subject to terms and conditions set forth under the health insurance policy. *

2. Access To Quality Healthcare:

Possessing health insurance grants NRIs access to a network of Indian hospitals and medical professionals. This ensures high-quality medical care, with the added convenience of cashless hospitalisation in-network hospitals.

3. Pre-Existing Conditions Coverage:

Specific Indian health insurance policies offer coverage for pre-existing medical conditions after a waiting period. This is particularly beneficial for NRIs with existing health issues seeking treatment in India. Claims are subject to terms and conditions set forth under the health insurance policy. *

4. Emergency Medical Evacuation:

Some health insurance plans cover repatriation or emergency medical evacuation, which is crucial for NRIs requiring specialised medical care or desiring a supportive family and caregiver environment in India.

5. Family Coverage:

NRIs can extend health insurance coverage to their Indian family members, ensuring access to medical facilities and financial security in emergencies. Bajaj Allianz health insurance plans for families prove invaluable, especially for those moving away from their families. *

6. Tax Benefits:

NRIs can leverage tax benefits under Section 80D of the Income Tax Act by purchasing health insurance in India. Premium payments qualify for deductions, with potential savings of up to ₹25,000 for individual and family policies. **

7. Support During Repatriation:

Health insurance coverage ensures financial support for medical treatments and related expenses if NRIs are compelled to return to India due to health concerns.

NRIs should assess health insurance policies thoroughly, choosing plans aligned with their needs and income and offering comprehensive coverage for unforeseen health issues. Tailoring the choice ensures financial security and peace of mind during medical emergencies. Make sure you carry out the health insurance renewal process on time for uninterrupted coverage.

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*Standard T&C Apply

**Tax benefits are subject to change in prevalent tax laws

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.