Can NRIs Buy Health Insurance For Their Parents Living In India?
Updated On Jul 23, 2020
“Can NRIs (Non Resident Indians) buy health insurance in India?” is a commonly asked question by almost all Indians residing abroad. This question has become even more important during the ongoing coronavirus crisis. And the good news is that ‘Yes’ NRIs residing far away are allowed to buy a health insurance plan for their parents living in India.
Health insurance has always been a valuable tool and has become even more important to have during the ongoing. Besides being tough on health, COVID-19 is also heavy on medical expenses. Besides the medication cost, COVID -19 patients also incur expenses for personal protective equipment, isolation, sanitisation, etc.
NRIs can secure the health of their parents and other family members living in India by buying a Family Floater health insurance plan for themselves and adding their family members to it. Alternatively, they can buy Individual health insurance plans for their parents.
Documents Required By NRIs to Buy a Health Insurance Plan in India
As a NRI, you need to submit a duly filled proposal form along with evidence of your Indian citizenship such as your passport, Income Tax Return and other related documents for making the purchase. The Persons of Indian Origin (PIOs) can present an Indian passport with other documents.
In a nutshell, you can easily buy a health insurance plan for yourself and your family in India and seek the required treatment in the country in a hassle-free manner. Just remember to renew your health insurance policy in time.
Coronavirus Health Insurance Plans Available in India
In India, all health insurance plans cover the medical expenses incurred for the treatment of COVID - 19. However, in view of the ongoing coronavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated the insurers to also offer a Standard Health Insurance Product named Arogya Sanjeevani Policy and short-term coronavirus specific plans namely ‘Corna Kavach’ and ‘Corona Rakshak’ health insurance plans. One of the great features of these standard COVID-19 health insurance plans is that they cover home care COVID-19 expenses.