NRI are our brand ambassadors. An NRI is a person who is of Indian origin but stays outside of India for more than 180 days. In today’s scenario, many of our Children’s and working in Big Companies abroad.
While they are working abroad they are covered by their Companies for Mediclaim, in that particular country. Usually these youngsters work for 15 to 20 years and many of them return back to India. Some may retire and then come back.
One problem which I often see is that when these NRI’s return to India, they face difficulty in getting Mediclaim Policies. This is mainly because when they return they are almost 50 or 60 years of age and by this time, they are already caught up with disease like BP, Sugar, some may have even undergone Angioplasty or Bypass Surgery. In this situation Insurance companies often deny offering then Insurance cover. Even if they get a Policy, it will be having a waiting period of 2 to 3 years for many diseases.
This is the reason I always advise these NRI to avail a Mediclaim policy now in India (when you are young and Fit enough).
Some argue with me that they are not sure of returning to India and what will happen if I don’t return. I ask then, what if you return to India. When there is no surety, always play safe and but a mediclaim policy here in India.
Recently a Couple returned from Australia. They are 71 and 68 years respectively. I tried with 2 Companies, but both of them were denied policy, due to their medical conditions. They said, Sandeep we never thought we will have to come back to India, so have never thought of buying a mediclaim policy and now we are left with no cover.
Their Son is in Australia, managing their Business. I told them to buy a Mediclaim policy for him at least. Let’s see if he gets convinced.
NRI Normally do no claim here in India, as long as they are working abroad. If any major planned surgery is to be performed, they can even travel to India and get it done.
Considering these facts, INSURANCE Companies are giving 40 to 50% Discounts on premiums of NRI. Post this Discount, a 35-Year-old Person can avail of policy for just ₹20,000/-
This is a very negligible amount for an NRI and they should get this benefit. But Yes, don’t fall prey to Online policies. Always buy form your trusted Financial Advisor.
