Health insurance has become an absolute necessity no matter who you live. If you are a non-resident Indian (NRI) living abroad in a foreign country, you may face a little bit of ambiguity when it comes to purchasing health insurance. The most common confusion that NRIs face is whether to purchase a health cover in the country of residence or to buy an international health insurance cover from India. There are enough choices for both these options, and it is essential to find out which one is best suitable for you.
Global health coverage, also known as international health coverage, is not a common aspect of all health insurance policies in India. However, there are some service providers in the market that offer global health coverage on certain policies. These covers are commonly offered by international insurance companies that provide health insurance service by having tie-ups with Indian companies. Some of these companies include Bajaj Allianz, Cigna TTK, Apollo Munich, etc. The plans offered by these companies may vary in terms of cost and extent of coverage. It is worth checking out the plans offered by these service providers before you make a final decision.
If you need international health coverage, you may check the policies offered by one of these service providers. With the rising cost of healthcare across the world, it might be a little bit costly to take health insurance covers with global health coverage. However, this is something you have to invest if you are a frequent traveller who visits foreign countries often. The cost of medical treatments vary from one country to another. In developed countries, the cost of healthcare is extremely high compared to that of India. It is highly essential to have a health insurance plan if you are visiting one of these countries. Also, it is important to make sure that your global health plan provides coverage in the specific country that you are visiting.
If you are an NRI, you must consider the following factors before you opt for buying a health insurance policy:
If you are moving to a foreign country, the health insurance plan that you have in India will not be of much help to you unless it has global health coverage benefits. Hence, it is better to make plans well in advance based on the factors mentioned above. Cost of insurance tends to be higher whether you go for global coverage from an Indian insurer or when you buy insurance in a foreign country. However, it is extremely important to have this coverage to ensure financial security against unpredictable medical emergencies. If you are uncertain about your duration of visit, you may start with an international cover from an Indian company and make additional purchase if necessary.
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