NRI Term Insurance from India

The People You Love Shouldn't Have to Worry About Money If You're Not Around.

Your income keeps everything running — the mortgage, the school fees, your parents’ wellbeing. Indian term insurance offers NRIs high-value life cover with features that most international policies don’t include.

Cheaper than
US / UK / AU

0 –5x

Claim settlement
ratio (IRDAI data)

0 %+

Per month for
₹1Cr cover*

~₹ 0

* Indicative premium for 25-yr-old non-smoker male. Actual premium depends on age, health & cover amount.

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Why This Matters

You're the Financial Anchor. What Happens If That's Taken Away?

You carry more financial weight than most people realise. Your income funds the mortgage, the school fees, your parents’ medical bills — often across two countries. If that income stopped suddenly, would the people who depend on you manage?

Term insurance isn’t about you. It’s about making sure the people who depend on you — wherever they are — stay financially secure, no matter what happens.

The India Advantage

Why NRIs Buy Term Insurance from India

Indian term insurance offers a combination of pricing, features, and regulatory protection that policies in most developed countries don’t match.

3–5x Cheaper Premiums

₹1Cr cover costs approximately ₹700/month from India vs USD 25–50/month in the US for equivalent cover. The pricing difference is structural — driven by India's younger insured population and competitive insurer market.

Premiums Locked for Life

Indian term plans lock your premium for the full policy term — 20 to 40 years. Many Western policies only guarantee rates for 20 years, after which renewal comes with fresh medical underwriting and significantly higher premiums.

99%+ Claim Settlement

Claim settlement ratios are published by IRDAI — India's insurance regulator. These are audited, government-published figures, not marketing claims. IRDAI mandates settlement within 30 days of complete document submission.

Global Coverage

The policy covers you worldwide. Move countries, change jobs — the cover stays active as long as premiums are paid. US, UK, UAE, Australia, Canada, Singapore and most NRI destinations are covered without restrictions.

Claims Settled in INR

As the policy is issued by an Indian insurer and denominated in Indian rupees, claims are settled in INR. Your nominee receives the payout into their Indian bank account. If they're also abroad, funds can be repatriated via NRE/NRO.

Tax Benefits Under Indian Law

Premiums qualify for deduction under Section 80C (up to ₹1.5L under the old regime). The death benefit is tax-free under Section 10(10D). NRIs should also check tax implications in their country of residence.

India-Only Features

Features You Won't Find in Any International Policy

Two features that exist only in the Indian term insurance market — and address the biggest objection NRIs have about term plans.

India Exclusive

Return of Premium (RoP)

Survive the policy term and you get every rupee of premium paid back. No other major international insurance market offers this on a pure term plan. The premium is higher than a standard term plan, but it eliminates the "paying for nothing" concern that keeps many NRIs from buying term cover at all.

India Exclusive

Smart Exit Option

Some Indian insurers allow you to terminate the policy after a specified period — typically after 25 years or at age 60 — and receive 100% of all premiums paid back. Designed for individuals whose protection needs change as children become financially independent and liabilities are paid off. No international term insurer offers this flexibility.

The Numbers

Same Cover. Very Different Cost.

₹1 crore (~USD 120,000) of term cover. 30-year-old non-smoking male, 30-year policy term. Based on publicly available premium data.

$6,000 – $15,000

Potential saving over a 30-year term vs. a US policy

How It Works

How We Get You Covered — from Anywhere

You don’t need to visit India. You don’t need to figure out which insurer accepts NRIs from your country. We handle the complexity.

What We Handle

Everything Covered. Nothing Left for You to Chase.

From calculation to issuance — we manage the entire process so you don’t have to navigate Indian insurance processes from abroad.

Your Family's Security Shouldn't Wait.

Every month without cover is a month your family is unprotected. Request a callback — it takes 2 minutes.

Common Questions

Frequently Asked Questions

Questions NRIs Ask About Term Life Insurance

Can NRIs buy term insurance from India while living abroad?

Yes. NRIs, OCIs, and PIOs can purchase term insurance from IRDAI-regulated Indian insurers while living abroad. The policy is issued digitally, and medical exams can be conducted at partner labs or via tele/video medical in your country of residence. Premiums are paid through your NRE or NRO account.

Is Indian term insurance actually cheaper than buying locally?

Based on publicly available premium data, Indian term insurance typically costs 3–5x less than equivalent cover in the US, UK, or Australia. This is primarily due to India’s younger insured population demographics, competitive insurer market, and cost-efficient operations. Additionally, Indian plans lock premiums for the full policy term, while many Western policies only guarantee rates for 20 years.

What is the Return of Premium option?

Return of Premium (RoP) is an India-exclusive feature. If you survive the policy term, you receive every rupee of premium paid back. It carries a higher premium than standard term plans but eliminates the “paying for nothing” concern. No major international insurance market offers this on a pure term plan.

What is the Smart Exit option?

Smart Exit allows policyholders to terminate their policy after a specified period — typically after 25 years or at age 60 — and receive 100% of premiums paid. It’s designed for individuals whose protection needs reduce over time as children become financially independent and liabilities are paid off. This feature is unique to the Indian market.

How does the claim process work?

The nominee intimates the insurer via email, website, or customer support, then submits the required documents — claim form, death certificate, policy document, and nominee identification and bank details. IRDAI mandates that insurers settle claims within 30 days of receiving complete documentation. Claims are settled in INR to the nominee’s Indian bank account, from which funds can be repatriated if needed.

How much cover should I get?

A common approach is 10–15x your annual income, adjusted for existing liabilities (home loans, education commitments) and the number of dependents. We help calculate the right cover amount based on your specific situation during the quote process.

Do I need to visit India for the medical exam?

No. Medical exams are conducted at partner labs or via tele/video medical in your country of residence. We coordinate the scheduling and logistics. You don’t need to travel to India at any point during the application process.