GURUGRAM, India, May 16, 2025 — Policybazaar, a leading online insurance platform in India, in association with its insurance partners, has introduced a wide array of solutions designed specifically for Non-Resident Indians (NRIs) and their families in India.
Why NRIs are Turning to Indian Health Insurance
More and more NRIs are choosing health insurance in India, both for their families and themselves, due to the significant value it offers. Premiums for health insurance are at least 35% lower in India compared to countries like the USA, Canada, Gulf countries, and Europe. Furthermore, the cost of medical treatments, medications, and consultations in India is 70% to 90% less than in most Western nations, making quality healthcare more affordable.
Exclusive Financial Benefits for NRIs
To further reduce financial strain, Policybazaar, in partnership with major insurance providers, is providing benefits tailored for NRIs, including:
- Up to 40% Off on Premiums: NRIs can avail of these discounts by maintaining a no-claim record and submitting required documents such as a passport and proof of international residency.
- 18% GST Refund: This applies to annual premiums paid through NRE accounts, provided that necessary KYC, address, and banking documents are submitted.
- Savings on Multi-Year and Annual Policies: Discounts of up to 15% are offered as a reward for long-term policy commitments.
- Reduced Premium Costs: Health insurance plans sold through Policybazaar in India are, on average, 35% more economical than comparable plans in the GCC, USA, Canada, and the UK.
NRI Care Program: A Reliable Support System for Elderly Parents
For NRIs who are concerned about the health of their ageing parents back home, Policybazaar, together with leading insurers, has launched the NRI Care Program. This program offers personalized and reliable support, including:
- 24/7 Emergency Helpline and Claims Support: A fast-response system that ensures prompt assistance during emergencies.
- Hospital Admission Assistance: Services similar to a concierge, which handle hospital admissions, paperwork, and discharge procedures.
- Doctor-on-Call and OPD Coverage: Quick access to medical advice, minor treatments and follow-up care without the need for hospitalization.
- Wellness and Emotional Support: Tools and resources designed to support the mental and emotional health of seniors, tackling isolation and inactivity.
- Expedited Claims Processing: Immediate assistance is available within 30 minutes during emergencies, giving NRIs assurance that their family members will receive the support they need.
“Our goal is to alleviate the challenges faced by NRIs who are managing their lives overseas while also ensuring the financial security and well-being of their families in India,” stated Sarbvir Singh, Joint Group CEO, PB Fintech.
About Policybazaar
Policybazaar is one of India’s largest insurance brokers, dedicated to providing accessible, transparent, and personalized insurance solutions to customers in India and across the globe. Since 2008, Policybazaar has served over 80.5 million registered users, issued 49.3 million policies, and protected 9 million families from death, illness, and disability.
All discounts are provided by insurers as per IRDAI approved insurance plans. T&C Apply.
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