Why Are More NRIs Choosing Term Insurance Plans From India?

Ease of buying

The processes associated with purchasing term insurance in India are relatively easier for NRIs than in their country of residence.

Convenience

It is relatively convenient for NRIs to have term insurance from their country of origin as often they do plan to return at a certain age.

Affordability

The consumer-centric features in term plans, including return of premiums at no extra cost and early pay-outs for terminal illnesses, etc., appeal to NRIs.

Instant Tax Exemption

NRIs are eligible for an 18 per cent GST exemption upon purchasing term insurance plans from India when paying via their NRE accounts.

Tele-medical check-ups

Policies with coverage of up to Rs 5 crore can be easily obtained with tele-medical check-ups from India, which eliminates the need for physical visits.

Compiled By Himani Verma