High Demand Of Indian Insurance Among NRIs
Even though they live overseas, many NRIs have close family ties in India. Many are selecting indian insurance policies to help their aging or ailing family back home. This tendency is growing, and NRIs view indian insurance as superior than international insurance for a number of reasons. Affordability is the most important consideration.
With the help of healthcare programs like Ayushman Bharat, indian insurance provides extensive coverage for a fraction of the price elsewhere. Compared to the US, UK, or UAE, a ₹1-crore term policy is far less expensive, costing about ₹5,000 to 10,000 year. Saving money on taxes is another important factor. In India, insurance premium plans frequently qualify for tax deductions, which increases the allure of these protection plans.
With the help of healthcare programs like Ayushman Bharat, indian insurance provides extensive coverage for a fraction of the price elsewhere. Compared to the US, UK, or UAE, a ₹1-crore term policy is far less expensive, costing about ₹5,000 to 10,000 year. Saving money on taxes is another important factor. In India, insurance premium plans frequently qualify for tax deductions, which increases the allure of these protection plans.
This movement is being led by indians residing in the Middle East. Sixty percent of all insurance sales from indians overseas are from NRIs, particularly those from the United Arab Emirates, Qatar, and Saudi Arabia. indian healthcare has improved recently, but it is still not on level with Western nations. Additionally, a boom in the purchasing of health policies is being driven by plans with reduced premiums. Stay tuned for more updates.