can avail of medical cover for their dependents residing in
India through health insurance schemes offered by insurance
companies like ICICI Lombard, HDFC Standard Life, YES Bank,
Standard Chartered and State Bank of Travancore NRI
finer details vary from company to company, most health
insurance companies broadly cover hospitalization expenses,
medical costs incurred on sudden illnesses and accidents,
nursing expenses, and expenditure on specialized treatment
which does not require hospitalization. Certain ailments and
surgeries are secured by pre-determined limits, while others
are covered by the sum insured in the policy.
health policy can be gifted by NRIs to immediate family
members like parents, grandparents, spouse and children
subject to terms laid down by the individual insurance
of the insurance firms in India offer an on-line premium
payment facility for NRIs and a cashless claims facility at an
exhaustive network of hospitals and nursing homes in Indian
cities and towns. Health Insurance policies also endow tax
benefits to NRIs on their Indian income, and in some specific
cases, a reimbursement of return airfare to the NRI in case he
is required to visit his dependent in India.
good number of insurance companies also undertake to keep NRIs
informed of claims filed by their dependents, and educate the
insured on the policy coverage.
by Standard Chartered, HDFC and National Insurance, it covers
NRIs upto 70 years. Accident insurance policies insure
expenses incurred due to an accident, permanent disability and
medical costs incurred abroad and education of dependent
holders can opt between monthly, quarterly, half-yearly or
annual premium plans for three different schemes of the
National Insurance Company for a term of 5 years.
by insurance firms like Tata AIG, ICICI Lombard and YES Bank
(the latter through a partnership with Bajaj Allianz General
Insurance), overseas travel insurance is open to all ages of
travellers covering foreign trips between 7 to 180 days which
can be extended online if the stay is prolonged. The premium
on this policy is paid on a per-day basis and covers baggage
losses, passport loss, cancelled trips and delays, hijacks,
repatriation, medical evacuation etc Ailments the policy
holder is already having or chronically suffering from are not
covered by the policy.
travel cover can be availed from USD 50,000 to USD 250,000.
Tata AIG and ICICI Lombard offer a range of products like the
Platinum, Gold and Silver plans. The premium platinum plan
also covers a daily allowance for hospitalization.
Indian Overseas Bank in partnership with the United India
Insurance offers a combination of travel and health insurance
products for NRIs visiting India.
a sum of Rs.1 lakh to Rs. 50 lakh, the policy covers
disability resulting from an accident, medical benefits, and
baggage and passport losses during their stay in
Plan A insures loss of effects and personal risks, Plan B
offers health cover for medical expenses incurred at a network
of hospitals in India. The travel and health insurance can
stretch upto the maximum of 180 days a year during the NRI’s
stay in India, but policies taken to cover his effects in
India, such as property, are available for a year.
by ICICI Lombard, this product meets the requirements of
mandatory insurance demanded by foreign universities in
Australia, Canada, USA and New Zealand. It covers the expenses
of NRI students on sports induced injuries, cancer screening
tests, nervous breakdowns, alcoholism and drug abuse,
pregnancy, and childcare benefits.
student medical insurance, if purchased in India offers a
one-third price advantage over the scheme purchased overseas.
Available to students between 18 and 35 years, it can be
bought for a term of 2 years.
choice of 4 plans (the Gold, Silver, Bronze and Plus) covering
a combination of various risks can be purchased online and
claims can be settled by applying to the Third Party
Administrator who reimburses the amount in Indian