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Health, Term & Life Insurance

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Anchita Bhattacharyya

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Health Insurance for NRIs

Health insurance for NRIs is medical insurance designed for Indians living outside the country. This plan suits NRIs travelling to India for short or long durations. NRI health insurance covers medical costs during their stay in India.

It is important to note that NRI health policy is not applicable once you travel outside India. Let us explore the benefits of NRI mediclaim in India.

pert Advice

Looking for the best NRI health insurance in India? Connect with our insurance experts for a personalized 30-minute call. Find out more details about travel-friendly health insurance plans for NRIs and other important information: all under one roof.

Health Insurance for NRI in India 2025

Can Non-resident Indians Buy Health Insurance in India?

Yes, health insurance for NRIs is designed for Non-resident Indian individuals and their families. It is essential for NRIs who visit India every couple of years. Health insurance for NRIs helps cover preventive medical costs like annual check-ups, along with unforeseen medical expenses. 

For those planning to move back to India after a couple of years, health insurance for NRIs is highly recommended. Why? For starters, if there are any waiting periods attached to your policy in India it will lapse. Secondly, you will not have the stress of investing in a mediclaim policy amongst other important relocating decisions.

What are FEMA (Foreign Exchange Management Act) Regulations for NRIs?

Foreign Exchange Management Act (FEMA) has set some regulations for issuing NRIs with health insurance. Let us check them out:

• Any claim payable under the health insurance plan for NRI can be payable up to the total premium amount paid in foreign currency by the NRI.
• The health insurance claim-approved amount can be paid to the foreign bank account of the insured NRI or the resident foreign currency account maintained by their authorized bank in India.

Health Insurance for NRIs: Why Is It Important?

Here are some benefits you can avail with NRI health insurance in India: 

• Medical Insurance Without Limitations

  Investing in health insurance in your country of residence means having geographical limitations. However, investing in NRI medical policy will provide you with comprehensive and versatile coverage in India.

• Adequate Health Cover 

  For someone residing abroad, it is easier to catch mild ailments like stomach flu, cold, and more due to weaker immune systems. Investing in NRI health insurance in India covers these medical costs under OPD care.

• Ensure Continued Health Cover

  As an NRI if you travel to India often, investing in an NRI health policy ensures continued coverage instead of buying a new mediclaim policy each time resulting in faster claim settlements, no recurring waiting periods, etc.

• Eligible for Tax Benefits

  Health insurance for NRIs in India is eligible for tax benefits under section 80D. However, the premiums should be paid through an NRE account and the policy term should be 1 year. The tax benefits vary depending on the tax laws of India and the tax slab you fall under.

• Quick Access to Healthcare

  Most Indians abroad rely on the Indian healthcare system on their trip back home. India is well known for its quick health care facilities for OPD. Regular and preventive care like dental check-ups, and annual check-ups are all covered by NRI health policy at minimal cost.

Factors To Keep In Mind When Buying Health Insurance for NRI

1. Family & dependants

   If you have your parents, children or family staying in India, who are financially dependent upon you, then in such scenarios, you can opt for a family floater insurance plan. In this way, you can cover your dependent family and by the time you return to India many diseases’ waiting periods will be ended.

   However, if you want to stay overseas for more than 4 to 5 years, purchasing an insurance policy in India is not the best option; instead, consider purchasing one in the nation where you will be residing.

2. Regular Traveler

   If you often go to India for business or work-related purposes you should get health insurance coverage in India. In the event of an emergency, your health insurance plan will cover you, and you don’t have to worry about the treatment costs.

3. Company’s policies

   Health Insurance companies stay cautious while offering health insurance policies to NRIs, and even have different claim standards. Therefore, take a thorough understanding of your policy before buying a policy.

How To Buy Health Insurance For NRI in India?

Buying Health Insurance in India is a simple process, but may vary from insurer to insurer. Below mentioned is a process which you need to follow in order to buy Health Insurance for NRIs.

Step 1: Choose your ideal Health Insurance company and get in touch with the insurer.

Step 2: Understand their terms & conditions, inclusions, exclusions and eligibility criteria.

Step 3: Submit the required documents such as Passport number, Permanent Account Number (PAN) details, etc.

Step 4: Undergo medical tests required (if any) by the insurer.

Step 5: Pay the premium that is applicable to your policy.

Step 6: Once the payment is confirmed, you will receive the policy details on your registered email address.

Common NRI Health Insurance Terms And Conditions

While NRI health insurance offers numerous benefits, certain terms and conditions are attached to the same.

• The sum insured is limited under the NRI health insurance as the individual purchasing the insurance is an NRI making it difficult for the insurer to determine their authenticity.
• Health policy for NRIs covers the individual in India and is not applicable outside the country. While some NRI health plans offer medical coverage abroad, it is mostly limited to critical illness coverage.

The Final Verdict

For NRIs, it is important to invest in health policy for NRIs in India. While you may be covered by a health policy in your country of residence, it might not provide you with adequate coverage in India. To avail versatile NRI health insurance coverage for OPD/IPD care, emergency services, operational costs, and more speak to our experts and schedule a personal consultation.

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