Our Bureau
Mumbai
As per the report based on Policybazaar’s NRI claims data from the past three years, medical tourism in India has seen a surprising rise especially amongst the Non-resident Indians (NRIs) owing to a pretty low healthcare costs in comparison and the expanding insurance coverage. The reports highlighted that medical procedures in India are still cheaper than most of the global markets.
In India, elective surgeries cost somewhere between $2,000 and $15,000 whereas the complex procedures can go somewhere from $20,000 to as high as $40,000. Not only that but the country also provides access to economical generic alternatives for specialised medicines and therapies which allows for extended treatment and chronic disease management.
Along with the rates, the health insurance India is also significantly more affordable when compared to global markets. The annual premiums in the insurances range from $120 to $300 per individual which is well below costs of premiums in most other countries in the world. The report also mentions that such pricing is one of the key reasons why the NRIs consider India for both routine and advanced medical care.
As per the reports from Policybazaar, the search for “health insurance India for NRIs” has had an astonishing hike rising 60% in 2024 compared to a year prior in 2023. On the other hand, the search for “medical treatment for overseas citizens in India” has gone up by 45% in the last 18 months.
The report also listed out several other factors that have caused the surge in medical tourism. Factors such as familiar cultural surroundings, the presence of family support, and widespread English proficiency among medical professionals. Not only that but many hospitals also offer comprehensive treatment packages that provide visa assistance, travel arrangements and post-operative care for NRI patients.
