Being abroad has its own thrill, new opportunities, international exposure, and a good life. But even while miles apart, your heart tends to remain attached back home with your family.
If you’re an NRI (Non-Resident Indian), taking care of the health, safety, and well-being of your loved ones or parents in India shouldn’t be an option, it’s mandatory. At Pratham Services, we assist NRIs to fill that emotional and financial void with customized insurance covers for their families back in India.
Here’s why ensuring your family’s future is more crucial than ever.
Why Family Insurance in India is a Necessity for NRIs
1. Increasing Healthcare Expenses
Healthcare expenses in India are increasing at a whopping 15–20% every year. A hospitalization can cost lakhs. Health insurance makes sure that during a medical emergency, your family doesn’t land in a financial crisis.
2. Limited Immediate Access
Emergencies do not wait for flight tickets or visas. If something were to happen, you may not be able to arrive in time. With a good insurance plan, your family gets to initiate treatments without worrying about funds.
3. Complexity of Cross-Border Money Transfers
Cross-border money transfers in 3Rs in times of emergencies mean paperwork, delays, and hefty fees. Insurance saves one from all these logistical horrors.
4. Emotional Peace of Mind
Having the satisfaction that your parents have access to good medical care and financial security at all times gives invaluable peace of mind during your absence.
5. Tax Relief to Parents
Premiums paid on parents’ health insurance can provide tax relief under Section 80D, thus making it a double advantage for planning.
Insurance Options NRIs Must Consider for Parents in India
1. Health Insurance
A wide-ranging health policy for your parents is essential. Choose plans that:
- Minimum room rent ceilings
- Add-ons for critical illnesses
- Pre- and post-hospitalization cover
2. Life Insurance
Provide financial security to your dependents with a quality term life policy. It is cost-effective with high cover levels.
3. Critical Illness Plans
Increasing incidence of lifestyle diseases such as cancer and cardiac diseases, critical illness insurance gives a lump sum payment on diagnosis.
4. Personal Accident Insurance
Protects against accidental injuries, disabilities, and untimely deaths — keeping your family’s income stable.
Common Mistakes NRIs Make (and How to Avoid Them)
- Assuming corporate insurance of family members is enough: Corporate policies often have limited coverage.
- Delaying until it’s too late: Health deteriorates with age. Buy early when premiums are lower and eligibility is easier.
- Not reading the fine print: Understand waiting periods, exclusions, and claim processes.
- Buying policies that aren’t cashless: Cashless policies ease treatment at hospitals without upfront payments.
How Pratham Services Helps NRIs Get Their Families Protected
At Pratham Services, we:
- Advise you through the best coverage plans suited to your family needs
- Provide coverages from IRDAI-approved, trusted insurers
- Assist with end-to-end services, from policy buy to claim facilitation
- Assure hassle-free digital documentation for convenience across time zones
We know that insurance is not documents. It’s about protecting your emotions, responsibility, and love from a distance.
Closing Thoughts
As an NRI, you might be physically distant, but your responsibility towards your family is always near. Investing in the correct insurance for your loved ones back in India isn’t merely financial planning — it’s a commitment of protection, care, and responsibility.
Don’t let physical distance turn into emotional helplessness in times of difficulty. Take control today.
Get in touch with the professionals at Pratham Services, because your family’s safety deserves nothing but the best.