Term Insurance for NRI travelling to India

POSTED BY yegappan Muthu ON November 12, 2014 5:13 pm ONE COMMENT

Hi Manish, I am Yegappan Muthu, Age 28. For the past 5 years I worked as NRI. I didn\’t avail any term insurance. January 2014 I joined in a Bangalore based company. My job profile is to support international clients. I will go to India for 3 or 4 weeks once in 3 months. My company availed Star health – Travel Protect Insurance for the sum of 1 Lakh USD for all my international travels. But insurance will not cover the days I am staying in India. Is it ok or can I go for other term insurance. Which policy could suits my profile. Thanks in advance.

One reply on this article “Term Insurance for NRI travelling to India”

  1. Lokesh Jain says:

    Hi Muthu,

    Firstly, I did not understand your residential status now. What i understand is, you work for Bangalore based company which has an office abroad and you come to India for approx 3 weeks once in 3 months. My answer is based on this assumption.

    Well, i don’t think you need to take any other term insurance in India, if you do not have term insurance in the country you stay in. You will have to take the term insurance of that country where you stay or have green card of. Also below are the feature of Star Health corporate policy which obviously will not cover your death, but medical emergencies definitely and host of other features.

    Features of the corporate travel plan
    Emergency medical expenses whilst you travel/stay abroad
    Emergency medical transportation to India
    Repatriation of mortal remains
    Any dental emergency expenses following an accident
    Compensation following accidental injuries
    Cost of loss of traveler’s checked-in baggage
    Reasonable expenses incurred for obtaining new passport
    Expenses on emergency purchase of consumables due to any delay in handing over traveller’s checked in baggage by the carrier for more than 12 hours
    Delay in flight
    Expenses relating to travel and accommodation incurred due to missed departure/connection
    Hijack distress
    Any legal liability that may be fastened upon the traveller, if he/she causes any bodily injury or property damage to any third party whilst on an insured trip
    Any travel expenses incurred in sending a substitute employee following the covered sickness/accidental injuries of the insured employee.


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