Empowering NRIs with Affordable Health Insurance Solutions
Policybazaar has unveiled a suite of insurance initiatives focused on Non-Resident Indians (NRIs) and their families in India, addressing affordability and elder care solutions. India provides a cost-effective healthcare option, bolstered by Policybazaar's exclusive NRI benefits, aiming to offer significant financial advantages and peace of mind for NRIs.
- Country:
- India
New Delhi [India], May 13: Policybazaar, a leading online insurance platform in India, has introduced a range of initiatives aimed at Non-Resident Indians (NRIs) and their families residing in India. These efforts focus on delivering notable financial benefits and reliable elder care solutions, addressing critical concerns such as affordability and peace of mind.
There is a growing trend among NRIs to choose health insurance plans in India, not just for family members but also for themselves. Statistics indicate that 30% of NRIs secure health plans as a contingency for their own healthcare during visits or eventual return to India, with 70% covering loved ones such as parents, spouses, and children living in India.
India's health insurance premiums are substantially lower, at least 35% below the costs in Western nations, making the country's medical services and insurance a financially attractive option for NRIs. Consequently, the NRI health insurance market has witnessed impressive growth, driven by cost benefits and India's rising stature in medical tourism.
(With inputs from agencies.)
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