If you are a Non–Resident Indian and interested to take an insurance policy for yourself, your spouse or your parents and you didn’t know how to go about it, then you are at the right place.
We also entertain proposals for Life Insurance in Rupee currency from persons of Indian origin who have acquired foreign nationality.
Green card holders and foreign Nationals of Indian origin are not treated as NRIs for the purpose of allowing Insurance. They are treated as Foreigners and the underwriting rules as those prescribed for foreigners will be applicable.
The NRIs will be allowed insurance policies on their visit to India. All the formalities of proposal completion, medical examination reports/Special reports and Moral hazard report are required to be completed during their stay in India.
From their present country of residence through Mail Order Business. All the formalities of proposal completion, obtaining medical &special reports etc are to be completed in the present country of residence.
The Minimum Sum Assured will be Rs. two lacs and there is no limit on the maximum Sum assured.
Maximum Sum Assured allowed under Pure term insurance plans will be Rs. 25 lacs. The Term Rider benefit allowed upto Rs.25 lacs. Critical Illness benefit will not be allowed.
The copy of Income Tax Return filed in the country of residence, if the Sum Assured exceeds Rs.15 lacs. If no Income Tax return is filed, then a copy of employment contract mentioning Salary on a certificate form a C.A. regarding business / other income. Personal Financial Questionnaire(PFQ) duly filled in and signed by the proposer and counter signed by the official filling in the MHR can also be accepted as proof of income upto a Sum Assured of Rs.25 lacs.