Hello, can an NRI currently residing outside of INDIA AND SOON BE MOVING TO INDIA ON A PERMANENT BASIS BUY ABHICL SUPER TOP UP PLUS 95 L SI, 5L DEDUCTIBLE?

UPON READING PROSPECTUS for SUPER TOP UP POLICY ELIGIBILITY SECTION STATES NRIs working in INDIA CANNOT.

I need not look for a job in INDIA. I wish to build up my insurance kitty and seek to cover for myself SO THAT WHEN I LAND IN INDIA, I'M
SECURELY COVERED.

EMAILS SENT TO customer care AT ABHICL yielded no result.

THEY KEEP ASKING FOR POLICY NUMBER ON A REPITIVE BASIS. THEY SIMPLY LACK COMPREHENSION TO UNDERSTAND MY VERY BASIC QUESTION.

Thanks in advance for any help you may provide.

Ans: Hi Murali, sorry to hear about your health and wish you a speedy recovery. To answer your question, if there is no waiting period for heart attack in your policy then the same will be covered in the policy for any treatment done in India.

I suggest you to kindly declare the said ailment to the insurer. The premium will not increase considering this factor as the said ailment occurred after the policy issuance.

Ans: It is proposed to tax income from insurance policies issued after 1.4.2023 (other than ULIP for which provisions already exists) having premium or aggregate of premium above Rs.5,00,000 in a year. In case policy is already taken, proposed amendment will not be applicable.

Ans: Yes, you can definitely avail of health insurance from India as an NRI living in Dubai.

Many Indian insurance companies offer health insurance plans specifically designed for NRIs. These plans provide coverage specifically for medical expenses incurred during your visits to India. Here's what you need to know:

Benefits:

• Coverage for medical emergencies: These plans typically cover hospitalisation expenses, including room and board charges, surgeon fees, doctor consultations, and specific medical procedures.
• Flexibility: You can choose plans with varying sum insured amounts (coverage limit) to suit your needs.
• Renewal options: These plans are usually renewable, allowing you to continue coverage over your future visits to India.

Things to Consider:

• Coverage scope: These plans are generally valid only within India.
• Pre-existing conditions: Some plans may have exclusions for pre-existing conditions, so be sure to disclose your medical history accurately during the application process.
• Renewal requirements: Some insurers might require you to be physically present in India for renewal.

How to Buy:

• Online platforms: Many insurance companies offer online application options, allowing you to compare plans, choose the best fit, and purchase the plan directly.
• Insurance agents: You can also get in touch with a trusted insurance agent in India who can guide you through the process, compare options and help you choose the right plan.

Given your situation:

Considering your 30-day visits and your age (48), a short-term health insurance plan (also called travel medical insurance) might be a good option. These plans typically offer coverage for shorter durations and are generally more affordable than regular comprehensive health insurance.

Research and compare different plans offered by different companies to find one that fits your budget and provides the coverage you need.

Ans: Hello,
It's understandable that you're concerned about your wife's health insurance coverage during the transition period before you relocate to India permanently. Here are some insights and guidance to help you navigate this situation:
1. Health Insurance for Individuals: Yes, private individuals in India can purchase health insurance policies. Many insurance companies, including Tata AIG, HDFC, and ICICI, offer health insurance plans that cater to individual needs.
2. Coverage: Health insurance policies typically cover hospitalization expenses, including room rent, doctor's fees, medical tests, surgeries, and medication costs. However, coverage for pre-existing conditions such as diabetes, arthritis, and gluten issues may vary depending on the policy terms and conditions.
3. Policy Features: When selecting a health insurance policy, consider factors such as coverage for pre-existing conditions, waiting periods, network hospitals, claim settlement process, and premium costs. Look for policies that offer comprehensive coverage and benefits suited to your wife's specific health requirements.
4. Network Hospitals: Most health insurance providers have tie-ups with a network of hospitals where policyholders can avail of cashless treatment facilities. Before purchasing a policy, ensure that there are network hospitals available in Hyderabad and other cities where you may need medical assistance.
5. Customized Plans: Some insurance companies offer customized health insurance plans for individuals with pre-existing conditions. These plans may provide enhanced coverage for chronic illnesses like diabetes and arthritis. Consider exploring such options to meet your wife's healthcare needs.
6. Consultation with Insurance Advisor: To make an informed decision, consult with an insurance advisor or agent who can guide you through the process of selecting the right health insurance policy based on your wife's health condition, budget, and coverage requirements.
By researching various health insurance options, comparing policy features, and seeking expert advice, you can find a suitable health insurance solution to ensure your wife's medical needs are adequately covered during the transition period.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: I can guide you towards finding the best plan for your family based on your needs and medical history (thyroid). Here are some key factors to consider:

Family Needs:

Age: Consider your family's age and potential health risks associated with each age group.
Medical History: Disclose your thyroid condition to ensure the plan covers pre-existing conditions or offers add-on riders for specific illnesses.
Coverage Requirements: Think about the type of hospital you prefer (network vs. non-network), room type (single, double), and preferred treatments (Ayurvedic, homeopathy).
Policy Features:

Sum Insured: Choose a sufficient sum insured to cover hospitalization costs for everyone in your family. Consider factors like city tier (medical costs are higher in metros) and inflation.
Coverage Type: Consider a comprehensive plan that covers hospitalization expenses, pre and post-hospitalization costs, ambulance charges, and day care procedures.
Network Hospitals: Opt for a plan with a wide network of hospitals in your city to ensure easy access to quality healthcare.
Co-pay/Deductible: A co-pay or deductible involves sharing a portion of the hospitalization cost. This lowers premiums but increases your out-of-pocket expense.
Exclusions: Carefully review policy exclusions to understand what treatments or conditions are not covered.
Here's a roadmap to finding the best policy:

Compare Online: Use online insurance comparison platforms to get quotes from different insurers.
Shortlist Based on Needs: Shortlist plans that meet your family's coverage requirements and budget.
Read Policy Wording: Carefully read the policy wording (wording can differ between insurers) to understand inclusions, exclusions, claim settlement process, and renewal terms.
Customer Service Reviews: Research customer reviews to get an idea about claim settlement experiences with different insurers.
Agent vs. Direct Purchase: You can buy directly from the insurer's website or consult an insurance agent who can guide you through the process and recommend plans based on your needs.
Here are some additional tips:

Pre-existing Conditions: Disclose your thyroid condition clearly during the application process.
Some plans might have a waiting period for pre-existing conditions before coverage applies.
Some might offer coverage with exclusions or higher premiums.
Renewability: Choose a plan with guaranteed lifetime renewability to ensure coverage throughout your life.
Claim Settlement Ratio: Consider the insurer's claim settlement ratio to understand their record of settling claims efficiently.
Remember: The best health insurance policy is the one that caters to your specific needs and offers comprehensive coverage at an affordable premium.