Experts say the trend shows NRIs increasingly view Indian health insurance as a complete healthcare solution, not just emergency cover, creating new opportunities and competition for insurers worldwide
Non-resident Indians (NRIs) are increasingly buying health insurance policies in India, driven by digital medical services, lower costs and easier online processes. New data from Policybazaar shows a 126 per cent rise in NRI health insurance purchases, signalling a major shift in how overseas Indians plan healthcare for themselves and their families.
One of the biggest drivers is the growth of tele-medical assessments and fully digital policy issuance. These tools allow NRIs to complete medical checks, submit documents and receive policies without visiting India. Tax reforms and simpler compliance procedures have also made cross-border buying easier.
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Cost remains a key factor
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Indian health insurance plans are often up to 40 per cent cheaper than similar policies abroad
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In some cases, annual premiums in India range from $120 to $300, compared with $2,000 to $3,000 in certain foreign markets
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Treatment costs can also be 70 to 90 per cent lower, making India an attractive option for planned procedures and long-term care
Family-floater policies now dominate NRI purchases, accounting for about 70 per cent of new policies, up sharply from last year. Many buyers are securing cover for parents in India, reflecting ageing populations and the need to manage healthcare remotely. Some insurers now offer concierge-style services to help families coordinate treatment from overseas.
The Gulf region accounts for about half of all NRI policy purchases, followed by Europe, North America and Australia–New Zealand. Outpatient cover is also gaining popularity, especially for chronic conditions, maternity care and dental treatments.
With medical inflation estimated at around 14 per cent annually, more buyers are choosing higher coverage limits and multi-year plans to lock in prices.
