Buying health insurance or life insurance in India is an attractive proposition for NRIs, especially when they make the premium payment through their NRE account. The regulator allows NRIs to purchase these policies without GST, resulting in a substantial cost reduction. Premiums for NRIs may be slightly higher than local policies, but the coverage and benefits are similar. NRIs may need to undergo a health check-up, which they can do when they visit India. Additionally, there are comprehensive insurance plans available for students studying abroad, providing coverage for transit risks, hospitalization, and other benefits.