Non-Resident Indians (NRIs) often face unique financial responsibilities—supporting family in India, saving for future goals, and ensuring long-term security from abroad. Term insurance in India is an excellent way to cover many of those risks with a purely protection-oriented plan. Doorstep Bima helps NRIs find the right term plan that fits their needs, wherever they are in the world.
What is Term Insurance?
A term insurance policy is a life cover plan which provides a sum assured to the nominee in case the insured person passes away during the term of the policy. If the policyholder survives the term, there is no payout. Since it's purely risk cover, premiums are affordable compared to other life insurance plans.
Key Features & Benefits for NRIs
- Affordable Protection: Term plans offer high coverage for relatively low premium outflows.
- Flexible Policy Terms: Choose from 5 years to lifetime (up to 99 years depending on insurer).
- Tax Benefits: Premiums paid are deductible under Section 80C; death benefits are exempt under Section 10(10D).
- Multiple Payment Options: NRIs can pay from NRE/NRO or foreign currency accounts.
- Remote Application: Apply online or via authorized agents without being physically present in India.
Eligibility & Requirements
- Minimum entry age: 18 years (maximum varies by insurer, usually up to 65 years).
- Submit proof of age, identity (passport), income, and health reports if required.
- Nominee details and valid bank details for premium & claim settlement.
Things NRIs Should Consider
- Premiums may vary depending on your country of residence and associated risk category.
- Medical exams may be required abroad and at your own cost.
- Check whether the policy is issued in INR or foreign currency.
- Understand taxation in both India and your country of residence (check DTAA agreements).
Top Term Plans NRIs Prefer
| Plan Name | Key Features |
|---|---|
| ICICI Prudential iProtect Smart | Includes critical illness riders, wide global coverage, ideal for NRIs. |
| Max Life Smart Secure Plus | Flexible payout options, strong claim settlement record, high reliability. |
| HDFC Life Click 2 Protect Plus | Multiple cover variants, optional riders, high claim settlement ratio. |
Why Choose Doorstep Bima?
- Compare multiple term plans tailored specifically for NRIs.
- Guidance on documentation, premium payments, and claims from abroad.
- Expert support for rider selection and understanding coverage options.
- Assistance with claim settlement and policy servicing from India.
Secure Your Family’s Future — No Matter Where You Live
For NRIs, term insurance in India offers a powerful way to protect family, save on taxes, and ensure peace of mind. Doorstep Bima helps you compare, choose, and buy the best plans seamlessly — even from abroad.
