I am a 50 year old NRI, planning to relocate to India in 2 to 3 years. I would like to take a suitable medical insurance plan covering me, my wife and our 11 year old son. Is there any plan which covers routine doctor visits, medicine as well as critical illness, hospitalisation etc
- Ayyappan
Since you are planning your return to India soon, it is wise to buy adequate health insurance for you and your family. Buying the health plan, will ensure that the waiting period for exclusions is crossed while you are still abroad and you are well protected by the time you return to India.
When trying to decide the amount of health insurance to buy, you should take into account the city that you plan to settle down in. With your family size you should buy a floater policy of ₹15-25 lakh if you plan to settle down in a tier 1 or tier 2 city, and ₹10-12 lakh if you plan to settle in a tier 3 or 4 town. Review the size of the cover every 2-3 years.
Generally in health plans for NRI, treatment outside of India is not covered under the policy. It would be advisable to be present in India at the time of purchase of the policy for ease of paperwork and at your age you will be required to undergo a medical check up.
Here are a few recommended family floater health plans based on your requirement. These plans have value added coverage or in built coverage of critical illness cover, hospitalization, pre and post hospitalization, medical check, accident cover etc. Compare the premiums, benefits and features and accordingly take a decision.
ICICI Lombard Complete Health Insurance
Religare Health Care
Apollo Munich Health Optima Restore
This article was originally published on June 17, 2016.
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