HNI Health: Risks & Mobility
India has about 1.1 million new cancer cases each year
India is expected to have 98 million people with diabetes by 2030.
Cardiovascular diseases account for 28.1% of all deaths in India.
Around 23% of men and 22% of women in urban India being overweight or obese
Prevalence of chronic conditions like hypertension is around 25-30% among urban populations in India, which includes a significant number of HNIs
The rising trend of global mobility among High Net Worth Individual (HNI) Indian families is reshaping their approach to healthcare and financial planning. As these families increasingly span multiple countries, they face unique challenges managing their health and wellness across borders. This shift necessitates a reimagining of health insurance strategies, with HNI families now seeking flexible, comprehensive coverage that seamlessly transitions internationally.
The evolution in health management for these globally mobile families reflects a broader trend of internationalization among India’s affluent, highlighting the growing need for sophisticated, adaptable health solutions in an increasingly interconnected world.
Australia 23,533
Canada 21,597
UK 14,637
India 5,986
New Zealand 2,643
Singapore 2,516
Germany 2,381
Netherlands 2,187
Sweden 1,841
Spain 1,595
In 2021, a significant number of Indian renounced their citizenship and migrated to othe rcountries
5,100 millionaires left in 2023
India remains one of the top countries globally for High Net worth Individual(HNI) departures.
32 MILLION
Indian-origin living abroad
18.68 million
Indian-origin Individuals
13.45 million
Non-resident Indians
India has the largest dispora in the world
The United Arab Emirates is the most popular destination for Indian millionaires seeking to relocate
Net loss of 4,300 millionaires in 2024
01.
Cardiovascular Diseases
(e.g., heart attacks, strokes, heart failure)
02.
Cancer
(e.g., various types, including lung, breast, prostate, and colorectal)
03.
Neurological Disorders
(e.g., Alzheimer’s disease, Parkinson’s disease, multiple sclerosis)
04.
Respiratory Diseases
(e.g., chronic obstructive pulmonary disease, asthma, lung infections)
05.
Diabetes and its Complications
(e.g., diabetic retinopathy, nephropathy, neuropathy)
06.
Organ Failure
(e.g., liver, kidney, heart failure requiring transplants)
07.
Rare Genetic Disorders
(e.g., haemophilia, cystic fibrosis, muscular dystrophy)
08.
Autoimmune Diseases
(e.g., rheumatoid arthritis, lupus, multiple sclerosis)
09.
Infectious Diseases
(e.g., malaria, dengue, chikungunya)
10.
Mental Health Disorders
(e.g., depression, anxiety, bipolar disorder)
Where Do They Take Health Insurance From - Domestic Or International? Do They Take It Individually Or Rely On Corporate / Employer Provided Cover?
Domestic vs International Coverage
HNI Indian families tend to have mix of domestic and international health insurance coverage.
Domestic Coverage
Many HNIs opt for high-value health insurance plans from Indian insurers that offer higher sum insured amounts (up to Rs1 Cr or more), international coverage, and access to top-tier hospitals.
International Coverage
HNIs also seek health insurance plans that provide coverage for medical treatment abroad, as they often travel internationally for work and leisure.
Individual vs Corporate Coverage
HNI Indian families do not solely rely on corporate or employer-provided health insurance coverage. They typically supplement it with their own individually purchased high-value health plans to ensure comprehensive protection.
HNI Indian families adopt a multi-layered approach to health insurance, combining domestic and international coverage, to ensure they have the necessary financial protection and access to quality healthcare, both in India and globally.
Reasons for comprehensive Health Insurance
Serious Illnesses and High costs
Global Mobility
Personalized Services
Tax Benefits