New India Pravasi Bharatiya Bima Yojana Policy

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Overview:

How hard it can get for you to leave everything behind and live in a foreign country all by yourself? It seems so lonely to have nobody to rely on, to talk to and to share to. Going there was never a choice after all, who wants to leave their loved ones and their beloved country? Even though you stay there, your heart reside in India with your family, even though you eat there but your taste buds always crave for your mom’s food, even though you earn there but part of your salary is always kept aside for your family needs. This is how you have lived overseas with your mind and heart full of care and worries for your family and similarly, that’s how your family members have lived in India always worrying about you. Now, don’t you think it’s high time to have something to rely on, something that ensures you and your family’s security?

Pravasi Bharatiya Bima Yojana Policy is designed for Indian citizens living abroad for employment purpose. It is a silver lining for the insured to live peacefully abroad and leaving his family members safety and security in care of New India Insurance Company.

Benefits and Features

Basic Attributes

Who and When- Pravasi Bharatiya Bima Yojana Policy as the name suggest is for the Indian citizen residing in foreign country because of employment that needs a health plan for the family. The person of age 18 to 60 years can enter this plan and can take care of his family members and himself.

When there is No Hope- The insured and his family receives 2 lakhs if there is death or permanent disablement due to tragic accident. Though in front of such tragic incidence, it seems nothing, but still it is a ray of hope in a dark night.

Compensation on Repatriation- Under this policy, the expenses of repatriation from abroad to India in case of termination of contract, sudden death due to ailment will be covered. In fact the fair of economic class air seat will also be provided. Even in case of death of the person, when the body will reach India, the expenditure of transportation will be borne by the insurance company. However, if the repatriation is due to forged documents, violation of law or any misconduct, then New India is not liable to pay its cost.

Hospitalization Expenses for Insurer- If the insurer fell sick while staying abroad; the expenses for his treatment staying there will be paid under this plan. However, the amount will not exceed Rs.50, 000 and that too as per Indian Currency.

Extended Family Cover Benefit- Hospitalization expenses upto Rs.10,000 will also be paid for the insured’s family members including his life partner, 2 dependable kids (not more than 21 years) residing in India.

Day Care Treatment- The insurer can also go for day-care treatments such as Radiotherapy, eye surgery, chemotherapy etc, which does not require hospitalization and can be treated within 24 hours because of enhancement in technology.

Welcome Happiness With Smile- Giving birth to baby is the most beautiful moment in one’s life and people just want to cherish and imprint that moment all their life. It is not at all prudent to worry even on that day about money and delivery cost. So, on extension of this policy, the insurer’s spouse will enjoy the maternity benefit and will receive amount upto Rs.20, 000. However, it is valid only if treatment occurs in India.


Expert View

"New India took the initiative to introduce Pravasi Bharatiya Bima Yojana Policy just to lessen the burden of the insured residing all alone, away from his country and people in foreign lands. It offers hospitalization benefits, repatriation benefit to the insurer and gives him the safety net to rely on. Plus, it gives the family of the insurer a hope that their beloved person is well taken care of. However, the hospitalization amount is just Rs.50,000, which might be less considering the high expenses in foreign land but still we can’t give it a miss."



Why Pravasi Bharatiya Bima Yojana Policy?

Pravasi Bharatiya Bima Yojana Policy is indeed one of its kinds. It has its own features that make it different from its competitive coverage policies. Now, let’s explore some of the key highlight of this plan-

Exceptions

  • Self-Harm is Bad- Injuries caused by hurting yourself intentionally will not be covered under the policy. If you can’t respect your life, who are we to respect it on your behalf? Moreover, intoxication, intake of drugs and smoke and consuming excessive alcohol are also cases of self-abuse and hence, any heath conditions because of these stuffs don’t fall under policy’s premises.

  • Respect Laws- The repatriation caused due to misconduct and violation of law or you getting injured while committing any crime, then you will also be judged like a law breaker and criminal and there is no benefits or reimbursement for such people.

  • Until the Wait is Over- There is 30 days waiting period for the policy to get activated and in special case like extended maternity benefit, this wait exceeds 9 months and in case of pre-existing and specified diseases, the wait will prolong for 2 to 4 years.

  • Exceptional Cases- Injuries due to terrorist attack, wars etc will not be payable. Moreover, sexual transmitted disease like AIDS/HIV is not included under this plan.

Living far away is not as bad as living there all alone. A plan that can give you a feeling that someone is always there for you, not only makes you happy but also revives your health