Insurance For NRIs

New Delhi, Nov 14: | Updated: Nov 15 2003, 05:30am hrs
Come Christmas, non-resident Indians will be offered an insurance cover for a minimum of Rs 2 lakh. The Pravasi Bhartiya Bima Yojana, notified by the government on Thursday, also offers a medical cover for a minimum of Rs 50,000 as cashless hospitalisation or reimbursement of actual medical expenses of the insured emigrant worker, provided the medical treatment is taken in the country.

The other features of the policy, promised by the Prime Minister on January 9 on the occasion of the Pravasi Bhartiya Diwas, include reimbursement of the cost incurred in transporting the body of the insured and one-way airfare of one attendant. If a worker is not received by the employer on his arrival to the destination abroad or there is any substantive change in employment contract to his disadvantage or if the employment is prematurely terminated within three months for no fault of the emigrant, the insurance company shall reimburse one way economy-class airfare, provided the grounds of repatriation are certified by the concerned Indian mission or post.

The policy also provides maternity benefits, subject to a minimum cover of Rs 20,000 in case of women emigrants but reimbursement will be restricted to actual expenses. The policy will be valid for two years or the actual period of contract whichever is less.