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Life Insurance is the best way one can manage the risk of protecting their family members in their absence. Even though you are an NRI or a PIO, you must buy a life insurance plan at the earliest possible to secure your loved ones financially. Loss of the breadwinner can be a major setback for the remaining of the family members and life insurance can help in securing a decent lifestyle.

No matter how far you go, home is always where the heart is. That’s often the case with many NRIs who have left a piece of themselves behind in India. India is one of the world’s largest recipient of international remittances. This clearly indicates that most NRIs are still deeply connected to their roots.

Moreover, it’s an opportune time to invest in India – we have a strong and stable majority government, a lot of foreign investment is flowing into the country and the world has its eyes set on the Indian market due to its immense scope for growth.

If you are an NRI and are looking for an affordable protection plan from India, there are now some interesting plans offered by insurers – see ‘Our Recommendation’ section. By buying in India ultimately you are helping the Indian economy and your motherland.

Q. Can NRIs buy a life insurance plan?
Yes; Non-Resident Indians (NRIs), People of Indian Origin (PIOs) can buy a life insurance plan in India. Foreign Exchange Management Act (FEMA) allows NRIs to buy any plan that meets their requirements of protecting themselves and their family whether he is currently residing in India or not.

Q. Is being present in India compulsory for buying a life insurance plan?
No; being present in India is not at all compulsory while buying a life insurance plan. It may differ from company to company. The best way to go about buying a life insurance for an NRI is by going the online route. This way you can compare all available options to find the best plan and buy it instantly from the comfort of your home or office from your current country of residence. Though not required but being present in India while buying a life insurance plan is highly beneficial. If you are present in India at the time of buying the policy, the insurer can conduct the required medical check-ups. The cost of these medical check-ups is borne by the insurer. If you buy a life insurance policy from the country of your current residence, you may be asked to undergo a medical check-up there and then send across the reports to the insurer in India. Thus, you would be incurring an additional cost from your own pocket.

Q. Will my country of residence affect my application?
Yes, life insurance companies pay close attention to the information regarding the country you are currently residing in and categorize it into high risk and low risk countries. Please fill our form below to understand the suitable options for you.

Q. How can I pay premiums for it?
The premium for your life insurance policy can be paid by remittance in foreign currency or through an NRO bank account or NRE/FCNR bank account. Here it is important to check the currency in which the policy is issued to you. If the life insurance policy is issued to you in a foreign currency, the premiums will have to be paid in the denominated foreign currency from an NRE/FCNR account. If the policy is issued in Indian Rupees, the premiums will be paid through an NRO account.

Q. What are the required documents?
Apart from normal KYC documents, we need
👉Work Permit/Valid Visa
👉Latest immigration Stamp- Last India Entry and Exit in passport
👉Foreign Address proof
👉Income proof life Salary Slips or Bank statement

Q. What about the pay-out made by a life insurance company?
Just as premiums, benefits paid from the life insurance companies will also be in the currency denoted in the policy document, i.e. either in rupee or foreign currency.

Most commonly in case of a death benefit, the insurer will require the original policy document, identity proof of the nominee, death certificate of the insured person, and so on. An important point to remember here is that if death occurs in a foreign country the insurer will ask for a death certificate that is attested by the Indian embassy or High Commission in that country. If an NRI dies in India, an attestation is not required in such cases.

To get a customized plan and understand which is the best plan for you feel free to write to us in the comment section or click here to fill the contact form or simply email us at

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