NRIs: Unlock Tax Savings & Family Coverage with Indian Health Insurance

• NRIs primarily buy Indian health insurance for family in India, future return plans, and tax optimization on Indian income.
• Indian policies offer lower costs, easier claims, and potential tax deductions, making them a financial planning tool.
• Insurers provide 10-40% discounts for NRIs on various plans, requiring proof of NRI status and premium payment from NRE/NRO accounts.
• NRIs can claim tax deductions up to Rs 25,000 (self/family) and Rs 50,000 (senior citizens) under Section 80D (now Section 126 in ITA 2025), plus Rs 5,000 for preventive check-ups.
• Tax benefits are only applicable against taxable Indian income and require opting for the old tax regime; payments must be via permitted banking channels.