Personal Finance

Best Health Insurance for Returning NRIs in India – A Guide


As an NRI, navigating the health insurance landscape in India can be a daunting task. With so many plans and providers to choose from, it’s important to make sure you’re getting the best coverage for your needs. In this guide, we’ll discuss what types of health insurance plans are available, how to compare them, and how to find the best one for your unique situation. We’ll also provide some tips to help you save money while still getting the coverage you need.

NRI Status and Health Insurance

Can NRIs get health insurance?

Yes, NRIs (Non-Resident Indians) can take health insurance in India. Health insurance for NRIs is a great way to ensure that they are financially protected against any unexpected medical expenses that may arise in the future.

There are several insurance companies in India that offer health insurance plans specifically designed for NRIs. These plans provide coverage for medical and hospitalization expenses, and can even cover pre-existing conditions.

The eligibility criteria to purchase health insurance for NRIs in India vary from one insurer to another. Generally, NRIs must be aged between 18 and 65 years, and must have valid Indian passport with Indian visa.

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Additionally, some insurers may require the policyholder to be a resident of the country in which they are currently residing.

It is important to note that health insurance plans for NRIs typically come with higher premiums as compared to regular health insurance plans.

This is because NRIs are more likely to face medical emergencies while abroad and therefore require a more comprehensive coverage.

Furthermore, it is also important to check the list of exclusions and inclusions before buying a health insurance plan for NRIs.

Assessing Your Current Health Insurance Options


When it comes to returning to India as an NRI, you need to be aware of the tax implications and the best measures to take in order to ensure a smooth transition. One of the most important decisions you will have to make is assessing your current health insurance options.

The COVID-19 pandemic has made it essential to protect yourself and your family with complete health insurance coverage. It is important to pick a term plan that provides a high life cover at an affordable premium.

The right term insurance plan should be chosen after doing research and understanding all the features and benefits.

Additionally, you should check if the insurance policy that was bought in the previous country covers you in India. If not, it is advisable to get solid health and life insurance coverage for yourself and your family when you return to India.

This will ensure that you have adequate protection in the event of any unexpected medical emergency.

You can also consider creating a comprehensive financial plan for your future goals. A financial plan helps you create a route map of where you are financially and where you want to go financially.

By consulting a professional financial planner, you can get valuable insights into the best strategies to invest your savings and become wealthier after your return.

Finally, section 6 (4) of FEMA grants permission to returning NRIs to retain their overseas assets. It is not necessary to obtain any permission from RBI or any other authority to keep these assets.

Therefore, it is crucial to consider all your options and make sure that you have the right health and life insurance coverage when you return to India. Taking the time to conduct research and consult a financial planner can help you create a workable financial plan that will benefit you in the long run.

Also read: Best travel insurance for parents visiting the USA.

Choosing the Right Type of Health Insurance Plan

Choosing the right type of health insurance plan is essential for returning Non-Resident Indians (NRIs). Health insurance is important as it can help protect NRIs and their families financially in case of any medical emergency. It can also provide them with access to quality healthcare services.

There are a variety of health insurance plans available for NRIs, including individual, family, and group plans. Depending on the size of the family, NRIs should select a plan that meets their needs and budget.

For example, if the NRI is single and does not have dependents, then an individual plan may be the most suitable. On the other hand, if the NRI has a large family, then a family or group plan may be the best option.

In addition to selecting the right type of health insurance plan, NRIs should also consider the coverage provided by the plan.

They should make sure that the plan covers all their medical expenses, including hospitalization, doctor visits, prescription drugs, and lab tests. Some plans may also cover preventive care and dental services, which can be beneficial for NRIs.

It is also important to compare health insurance plans to make sure that they are getting the best value for their money. NRIs should look at the cost of the plan, the coverage provided, the network of providers, and the customer service offered by the insurer.

Finally, NRIs should also read the terms and conditions of the plan carefully before signing up. This will ensure that they are aware of any exclusions or limitations that may apply to their plan.

Overall, choosing the right type of health insurance plan is essential for returning NRIs. It can help protect them financially in case of a medical emergency and provide them with access to quality healthcare services.

Here are the best health insurance plans for returning NRIs

Evaluating Premiums, Benefits, and Coverage

When looking for the best health insurance for returning NRIs in India, it is important to evaluate premiums, benefits, and coverage.

There are a variety of options available on the Marketplace, so it is important to do research and compare different plans to find the one that is right for you.

The first step in evaluating premiums, benefits, and coverage is to determine your budget. This will help you narrow down your choices and make sure you are not overspending. Once you have set a budget, you can then begin looking at the various plans offered by different providers.

Make sure to look closely at the premiums, deductibles, coinsurance, copayments, and out-of-pocket maximums for each plan. This will help you get an idea of how much you will be expected to pay when you need to use your insurance.

Next, you should consider the benefits each plan offers. Look at the type of coverage provided, as well as any restrictions or exclusions.

In addition, make sure to check what types of services are covered under each plan, such as doctor visits, hospital stays, prescriptions, and more. This will ensure that you have the coverage you need when you need it.

Finally, you should compare the coverage provided by each plan. Make sure to look at the maximum amount of coverage each plan offers, as well as any limits or exclusions. Additionally, review the provider networks for each plan to make sure you will have access to the care you need.

This will help you decide which plan provides the best value for your money.

By evaluating premiums, benefits, and coverage when selecting a health insurance plan, you can ensure that you are getting the best plan for your needs. With the right plan, you can have peace of mind knowing that you are well taken care of.

Comparing Different Insurance Providers

Comparing different insurance providers is essential for NRIs returning to India. As an NRI, you may have different insurance needs than those of a local resident. It’s important to research and compare different insurance providers to find the best coverage for you and your family.

Comparing different insurance providers can help you save money.

When you compare different policies, you can often find a lower price than what you would pay if you were to purchase one policy from just one provider.

Additionally, when you compare different plans, you can ensure that you are getting the most coverage for the least amount of money. Comparing different plans also allows you to find the best combination of coverage and cost.

Comparing different insurance providers can also help you find coverage that meets your specific needs. Each provider offers a variety of plans with different features, coverage levels, and deductibles. By comparing different providers, you can find the right plan for you and your family.

In addition, comparing different insurance providers can help you find the best customer service. Each provider has its own customer service approach and policies, so it’s important to compare different providers to find the best customer service experience.

Finally, comparing different insurance providers can help you make an informed decision about which provider is the best fit for you and your family. You can read reviews, ask questions, and get advice from friends and family about different insurance providers before making a final decision.

Overall, comparing different insurance providers is essential for NRIs returning to India. It can help you save money, find coverage that meets your needs, and find the best customer service experience. Additionally, it can help you make an informed decision about which provider is the best fit for you and your family.

Factors to Consider When Choosing an Insurance Provider

1. Financial Strength:

When choosing an insurance provider for returning NRIs, it is important to make sure that the company has a strong financial background.

Check the company’s ratings from independent agencies such as A.M. Best, Standard & Poor’s, Moody’s, and Fitch. These ratings indicate the ability of the company to meet its financial obligations and pay out claims.

2. Coverage:

Different providers offer different types of coverage, so it is important to make sure that the policy you are selecting covers all the risks associated with your particular circumstances. If you have any special needs, such as traveling abroad, make sure that those are covered by the policy.

3. Cost:

The cost of an insurance policy is an important factor to consider when selecting a provider. Make sure that you compare the costs of different policies and choose one that is within your budget.

4. Customer Service:

When you purchase an insurance policy, you will be dealing with the provider on a regular basis. Therefore, it is important to make sure that the provider has good customer service. Check the reviews of the provider online and make sure that they provide prompt responses and helpful advice.

5. Claims Process:

When selecting an insurance provider, it is important to make sure that the claims process is simple and efficient. Check if the provider has a 24/7 helpline or an online portal where you can submit a claim easily.

6. Network of Providers:

It is important to make sure that the provider has a wide network of hospitals, clinics, doctors, and other healthcare providers in the country you are returning to. This will ensure that you get the best treatment available at a reasonable cost.

Tips for Saving Money on Health Insurance

1. Consider a High-Deductible Health Plan:

High-deductible health plans are often the least expensive option for NRIs looking to save money on health insurance. These plans typically have lower premiums and higher deductibles, which means you pay less upfront for your coverage.

2. Shop Around for Better Rates:

Shopping around for better rates can help NRIs save money on health insurance. Compare different plans from different insurers and make sure to look into any special discounts or incentives that may be available.

3. Look Into Group Plans:

If you’re a part of an organization, such as a professional association, union, or alumni group, you may be able to get a discount on health insurance through a group plan. Check with your organization to see if they offer any type of group health insurance.

4. Take Advantage of Tax Benefits:

Many NRIs are eligible for tax benefits when it comes to health insurance. For example, the Health Insurance Premium Tax Credit is available to those who qualify based on their income and family size.

5. Utilize Health Savings Accounts:

Health savings accounts (HSAs) are a great way to save money on healthcare costs. These accounts allow you to set aside pre-tax dollars to pay for out-of-pocket medical expenses. The money in the account can also be invested and used to pay for medical expenses in the future.

6. Ask About Discounts:

It never hurts to ask. Speak with your health insurance provider and see if they offer any discounts or other incentives that can help reduce your premiums.

How to Make the Most of Your Health Insurance Plan

Making the most of your health insurance plan can help you save money and get the coverage you need. Here are some tips to help you maximize your health insurance benefits:

1. Know Your Plan:

Before you use your health insurance plan, make sure you understand what it covers and any limitations. Take the time to read through your policy and familiarize yourself with the different types of coverage you have.

2. Make Sure Your Doctor is In-Network:

Many health insurance plans only cover services provided by in-network providers. Be sure to check if your doctor is part of your insurer’s network before scheduling an appointment.

3. Use Preventive Services:

Many health insurance plans offer free preventive care such as vaccinations and screenings. Take advantage of these services to stay healthy and save money.

4. Compare Costs:

When you’re looking for medical care, compare the costs between different providers. Shopping around can help you find the best price and save money.

5. Take Advantage of Discounts:

Some health insurance plans offer discounts on prescription drugs, gym memberships, and other services. Take the time to research your plan to see what discounts are available.

6. Review Your Bills:

Always review your bills for accuracy. Make sure that all of the services you received are listed on the bill and that you’re not being charged for something that wasn’t provided.

By following these tips, you can make the most of your health insurance plan and get the coverage you need.

Here are the best health insurance plans for returning NRIs


I'm an Entrepreneur, Blogger & Mentor. Having lived in the USA for almost 7 years, I got bored and returned back to India. While doing so, created this website as a way to curate and journal my experiences. Today, it's a movement with a large community behind it. I hope this website helps NRIs planning to move back to India, make their transition smooth and easy. Feel free to ask any questions you may have. Happy to help!

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