In the recent past, the number of non-residents Indians has increased tremendously. Higher education and search for better career opportunities drives many citizens to move out of the country. A person moving out is torn between his love for family and the necessity of making a career. The decision of moving out obviously brings with itself certain responsibilities that a person has on its shoulders. A major one is the need to provide support and safety to their loved ones back home. Another concern is the safety of their assets in India, such as their ancestral property, the current home where their family is residing, their vehicles in India etc.
To share this concern, Indian insurance companies, both public and private, has come up with host of general insurance products- mediclaim health insurance, travel insurance, home insurance etc. specifically meant for the NRIs.
The moral duty of taking care and responsibility of your parents and family will not be left behind when you leave your Motherland. Even miles away, you can ensure total care for your aging parents. To address this concern, ICICI Lombard brings an assurance of good health and support you can gift your parents.
Rishtey, a comprehensive Health Insurance Package for your family that covers hospitalization and medical expenses is a two-year policy for a single premium that also covers pre-existing illness after the fourth year. With our Buy Online facility, you can gift the policy to your parents whenever you desire. Our round-the-clock cashless claim facility at over 4,500 hospitals across India is an added advantage.
The policy also endows tax benefits to your Indian income and a reimbursement of return air fee to the NRI in case he is required to visit his dependent (insured).
What would be the greatest happiness when your parent visits you abroad! To ensure they travel worry free, ICICI Lombard offers Parent’s Overseas Travel Insurance that covers unexpected and unplanned medical expenses when you are abroad. Besides medical expenses we offer plans that cover a host of non medical expenses. What sets us apart is our alliance with UnitedHealth Group, one of the largest health care companies in the US, offers exclusive service to its customers, providing access to 86% of acute care hospitals, more than 554,000 physicians, 4,800 medical facilities, OPD centers and 60,000 pharmacies throughout the US.
Because of skyrocketing cost of healthcare in the US, NRI students are recommended to buy Student Medical Insurance from ICICI Lombard and avail waiver from the university health plan simply because the insurance offers one-third price advantage. Covering medical expenses including sports related injuries, mental health, alcoholism and drug abuse, etc. the policy can be availed by students between 18 and 35 years and can be bought for a term of two years.
Available in four plans (Gold, Silver, Bronze and Plus), the student can purchase the policy online and settle claims by applying to the Third Party Administration who reimburses the amount in Indian rupees.
A fair number of NRIs consider their homeland a major destination for investment. Hence, properties owned by non-residents Indians has increased sharply. Being an NRI you can avail of Home Insurance by ICICI Lombard that protects the structure and contents of the home. The policy covers expenses arising due to natural & man-made calamities like fire, burglary, earthquake, etc.
For obtaining a policy an NRI has to undergo the same process as his fellow citizens, i.e. filling the proposal form, medical examination, moral hazard report and payment of premium.
Though nothing can be equaled to a parents love by one’s side, the warmth of your country and its environment, an NRI can still make considerable arrangements that fills up this gap. Choose ICICI Lombard for our NRI services and be rest assured that your world is no different, even when you are miles away!
