NRI Insurance Services

An NRI can buy a life insurance policy to safeguard his/her family's future financial interests in absence of the policyholder. NRIs can buy term insurance plans and savings and investment plans in India.

The insurance premiums applicable for these plans are variable, depending upon terms of the policy, the frequency of premium payments, age, health conditions etc. The term durations are also variable depending upon the products offered by different insurers in India.

Insurance policies for NRI can be easily bought online across countries and continents.

Benefits :

• Long Term Protection : Insurance plans provide longer protection for the policyholder and their family. One can choose a life cover up to the age of 100 years.
• Financial Stability : Term Insurance plans help NRIs in securing the family’s future by providing financial stability even when the main breadwinner is not around.
• Peace of Mind : Term plans give comprehensive protection to the family which helps in living peacefully without worrying about the future.
• Tax Benefit : NRIs are eligible for saving tax³ on income earned in India. Premiums paid for a term insurance in India are deductible from taxable income under Section 80C. The payment (maturity amount) received under an insurance policy is also exempt subject to conditions under Section 10(10D) of the Income Tax Act, 1961.