An Indian residing abroad is generally known as Non-Resident Indian (NRI). Non-Resident
Indian (NRI) means a person resident outside India who is a citizen of India or is a person
of Indian origin.

Yes, like a resident Indian, the NRI, PIO are eligible to avail Life Insurance policies in
India, whether they are currently residing in India or not.

No, Policies are issued only in Indian Rupees, however the payment for the policy premium can
be made from outside India in foreign currency

NRI can buy the insurance policy on their visit to India where all formalities are completed
during his stay in India. He would be treated at par with Indian Lives for the purpose of
availing the insurance policy.NRI may also obtain insurance cover from their present country
of residence where all formalities are completed in there.

In case the NRI is present in India at the time of buying the insurance policy, the medical
examination can be done here in India at the cost of the Insurance Company. However, the
facility of the medical examination can also be availed by him in the country of his
residence, in that case, he needs to go through the prescribed medical examination, and send
the report to the Insurer

Payment of premium can be done from his NRO/NRE bank account in India. Payment can also be
made from remittances from overseas account

There is no restrictions on buying the insurance policy by NRI.

The claim amount can be received only in India in Indian currency. The NRI can take out the
amount outside India from the Indian account subject to the guidelines in this regard.

the KYC documents needed include Copy of Passport, OCI/PIO Card, Address proof document,
Passport size pics, Proof of income in the form of Income Tax Returns, copy of employment
contract where emoluments are mentioned, Certificate from Chartered Accountant, PFQ and any
other documents as may be prescribed.

The existing policies taken while in India will continue in Indian Currency even after the
life assured moves to foreign countries as NRI.Similarly, in case of NRI returning to India,
the policy will continue in his name.

NRI generally can have tenure till 25 years. The minimum age for getting NRI insurance is 18
years and the maximum age varies from 55 to 60 years depending on the terms and conditions
stated in the policy.

NRIsare eligible to purchase Unit Linked Insurance Plan (ULIP).

The main benefits include one of the cheapest premiums in the world, helps in parking the
surplus funds, providing comfort of buying through a known brand back in homeland and
inheritance planning

: Aviva Life Insurance, ICICI Prudential Life Insurance, PNB MetLife Life Insurance, TATA AIG
Life Insurance, Max Life Insurance, Kotak Life Insurance, HDFC Life Insurance, SBI Life
Insurance and Life Insurance Corporation of India (LIC).