Low insurance coverage prices, inexpensive remedy and medicines drawing NRIs to India
New Delhi: Low medical insurance coverage premiums, inexpensive remedy prices and prime quality healthcare services at personal hospitals are making NRIs flip to India for medical remedy, in line with a report by Policybazaar. The insurance coverage aggregator famous that the share of NRI consumers of medical insurance grew 150% in 2024-25 as in comparison with the earlier 12 months. One in every of India’s most compelling benefits is the dramatic value distinction for medical procedures. Healthcare prices in India are very low in comparison with what one pays within the US and different developed nations. Sufferers can save 60-90% on remedies in India.To present you a perspective, right here’s a comparability of the prices of some surgical procedures within the two nations. Figures are indicative and precise prices could differ relying on the hospital chosen and the situation.
*US figures transformed to rupees at Rs 86.5 per greenback. Supply: PolicybazaarWhereas remedy prices in India are low, so are the medical insurance coverage premiums in comparison with what one pays within the US and different nations. The common annual medical insurance premium per particular person in India is $120-300 (Rs 10,000-26,000), which is considerably decrease than $8,000 (Rs 6.9 lakh) payable within the US or $4,000-5,000 (Rs 3.4-4.3 lakh) charged in GCC nations. This has led many NRIS to buy well being cowl from insurance coverage firms in India. Policybazaar has additionally famous a surge in on-line queries from NRIs expressing curiosity to purchase medical insurance in India. In line with Google Developments and trade search knowledge, queries like “Greatest medical insurance plans for fogeys in India” constantly ranks among the many high 5 NRI-related insurance coverage searches from the UAE, UK, and US markets.What’s extra, even medicines in India are considerably cheaper. For instance, a vial of insulin prices Rs 85-400 in India versus Rs 8,600-25,000 within the US. The price of medicines can add as much as an enormous quantity, however insurance coverage helps cowl these at low prices.
