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Term Insurance Becomes More Accessible to NRIs with Telemedical Check-ups
Geographical boundaries are no longer a barrier for NRI customers who are willing to buy term insurance plans in India. They can now easily opt for plans in India that allow them to schedule a video or telemedical check-up from their country of residence. The pandemic has emphasized the role of technology in underwriting insurance policies. Virtual healthcare has also...
Geographical boundaries are no longer a barrier for NRI customers who are willing to buy term insurance plans in India. They can now easily opt for plans in India that allow them to schedule a video or telemedical check-up from their country of residence. The pandemic has emphasized the role of technology in underwriting insurance policies. Virtual healthcare has also emerged as a viable solution for millions seeking quality care during this time. At the onset of the pandemic, the underwriting norms were tightened and customers were required to undergo physical medical examination, and the cover amounts had also been capped. Now, with relaxed norms, NRIs can get larger covers and that too by opting for telemedicals instead of physical medical check-ups to make term insurance protection more feasible.
NRIs can purchase these plans by searching for them online, choosing the one that suits their needs and filling out an application form. The premium payment can also be done online through net banking or credit and debit cards. Once this is done, a video or telemedical check-up is booked after taking one's medical history and documentation of pre-existing illnesses into consideration. Once the insurer gives a green signal to your submitted reports, your application will be accepted and the policy will be issued.
