Why NRIs in UAE, US, and Saudi choose health insurance in India: Explained

Quick Summary:

The report names the UAE, United States, Saudi Arabia, Singapore, the United Kingdom, Qatar, and Oman as top markets for NRI insurance.

Health insurance uptake among Non-Resident Indians (NRIs) has risen sharply, with Policybazaar reporting a 70% increase in policies during FY 2022-23.

Customer demographics: Most term insurance buyers are aged 31-40, an age group focused on safeguarding financial futures for dependents, including spouses, children, and parents.

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Article Details

Category: BusinessFinance

Markets: IndiaCanadaOmanQatarSaudi ArabiaSingaporeUnited KingdomUnited States

Topics: Health insurance India for NRIs PolicyBazaar NRI insurance UAE NRI insurance NRI term insurance NRI health insurance NRI insurance tax benefits Insurance-linked investment products Global coverage health insurance NRI insurance trends NRI investment products

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:23:35 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 638 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23427031

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 260 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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