#India #Health Insurance #Gurugram #NRI Care Program #Policybazaar

Comprehensive Insurance Solutions for NRIs

Policybazaar, a leading online insurance platform in India, has recently unveiled a suite of comprehensive insurance initiatives specifically designed for Non-Resident Indians (NRIs) and their families residing in India. With the increasing trend of NRIs opting for health insurance, this new offering aims to address the unique needs of this demographic, ensuring they receive adequate support while managing their affairs overseas.

Why NRIs Are Choosing Indian Health Insurance

One of the primary reasons many NRIs are turning towards health insurance in India is the significant cost advantage. Health insurance premiums can be at least 35% lower in India compared to countries like the USA, Canada, and various European nations. In addition, medical procedures, medicines, and consultations in India are priced 70% to 90% less than in most Western countries, which means high-quality healthcare is more accessible than ever.

Financial Benefits Tailored for NRIs

To further ease financial constraints, Policybazaar, in collaboration with top insurance companies, provides benefits tailored specifically for NRIs:

• - Up to 40% Discounts on Premiums: Offered to NRIs who maintain a no-claim status and provide required documentation such as passports and proof of residence.
• - 18% GST Refund: Applicable for annual premiums paid through NRE accounts, contingent on fulfilling KYC, address, and banking documentation requirements.
• - Multi-Year and Annual Policy Discounts: Those committed to long-term policy renewals can enjoy savings of up to 15%.
• - Lower Overall Premiums: Indian health plans available through Policybazaar are generally 35% more cost-effective than their counterparts in the GCC, USA, Canada, and the UK.

NRI Care Program: A Lifeline for Elderly Parents

Policybazaar has recognized the concerns NRIs feel regarding their aging parents in India, leading to the introduction of the NRI Care Program. This unique initiative aims to offer personalized and dependable support, which includes:

• - 24/7 Emergency Helpline and Claims Assistance: A rapid-response setup provides timely assistance in urgent scenarios.
• - Hospitalization Coordination: Services to manage hospital admissions and related documentation effortlessly.
• - Doctor-on-Call and OPD Coverage: Access to medical guidance and minor treatments without the need for hospitalization.
• - Wellness and Emotional Support Tools: Resources aimed at improving mental health and addressing feelings of isolation and inactivity among seniors.
• - Fast-Track Claims Processing: Offers on-ground assistance in emergencies within 30 minutes, assuring NRIs that their loved ones are in supportive hands.

According to Sarbvir Singh, Joint Group CEO at PB Fintech, "Our goal is to alleviate the dual burden that NRIs often carry - managing their lives abroad while ensuring that their families back home are financially secure and well cared for."

About Policybazaar

Founded in 2008, Policybazaar has established itself as one of India’s largest insurance brokers, dedicated to making insurance more accessible, transparent, and personalized. With an impressive record of over 80.5 million registered users and 49.3 million policies issued, Policybazaar has been instrumental in protecting millions of families from issues related to death, disease, and disability.

All discounts noted are provided by insurers as per IRDAI approved plans. For further inquiries, interested parties can reach out to Simran Bhatia at [email protected].