•Policybazaar data reveals a 126% year-on-year increase in health insurance purchases by Non-Resident Indians (NRIs).
•The surge is attributed to technology-led onboarding, tele-medical check-ups, smoother remote documentation, and significantly lower premiums in India compared to overseas markets.
•Family-floater policy adoption jumped from 20% to 70%, with average sum insured exceeding ₹25 lakh; policies for parents in India also rose from 32% to 60%.
•The Gulf region accounts for 50% of demand, followed by Europe (25%) and the US/Canada (17%), driven by cost differences and faster access to care.
•OPD coverage nearly tripled from 7% to 20%, and there's a 70% jump in higher sum insured values and a 19% increase in multi-year plans.
