Term Life Insurance for Non-Resident Indian (NRI)

In the wake of the COVID-19 pandemic, the world has seen significant changes in various sectors, including the insurance industry. Many non-resident Indians (NRIs) faced challenges in obtaining term insurance policies during the pandemic. However, the situation has now evolved, and several companies are offering term insurance policies to NRIs. Not only that, but some companies are even providing free medical coverage. In this blog, we will explore how NRIs can now take term insurance and the benefits they can avail themselves of during these uncertain times.

Now NRI Can Take Term Life Insurance: Understanding the Change

Over the past year, insurance companies have adapted their policies to meet the evolving needs of their customers. As a result, NRIs can now secure term insurance coverage with relative ease. The pandemic highlighted the importance of having adequate financial protection, and insurance providers recognized the need to extend their services to NRIs.

Shift in Policy Offerings

During the initial stages of the COVID-19 pandemic, insurance companies faced uncertainties and challenges. As a result, many were hesitant to offer term insurance policies to NRIs. However, as the situation improved and companies adapted to the new normal, they began to realize the significance of catering to the NRI population.

Free Medical Coverage

One of the notable changes is the introduction of free medical coverage by some insurance companies. This added benefit ensures that NRIs not only receive term insurance coverage but also have access to medical facilities without incurring any additional costs. This is a significant development that brings peace of mind to NRIs and their families, knowing that their medical expenses are taken care of in case of illness or emergencies.

How to Obtain Term Insurance as an NRI

If you are an NRI looking to secure term insurance coverage, it’s essential to understand the process and requirements involved. Here are the steps to follow:

  1. Research Insurance Providers

Start by researching insurance providers that offer term insurance policies to NRIs. Look for reputable companies with a strong track record in the industry. Check their website for information on their NRI policies, coverage details, and any additional benefits they offer.

  1. Understand the Policy Terms and Conditions

Carefully read and understand the policy terms and conditions. Pay close attention to coverage limits, premium payment options, and policy duration. Make sure the policy aligns with your financial goals and provides the necessary coverage for your needs.

  1. Gather Required Documentation

To apply for term insurance as an NRI, you will need to gather specific documents. These may include proof of identity, proof of residence, income proof, and medical reports, if required. Ensure you have all the necessary paperwork ready to expedite the application process.

  1. Apply Online or Contact the Insurance Provider

Most insurance companies now offer the convenience of online applications. Visit the insurance provider’s website and navigate to the application section. Fill in the required details and attach the necessary documents. Alternatively, you can reach out to the insurance provider’s customer service helpline to inquire about the application process and submit your documents.

  1. Await Approval and Policy Issuance

Once your application is submitted, the insurance company will review your documents and assess your eligibility. If everything is in order, they will approve your application and issue the term insurance policy. You will receive the policy documents either by email or through postal mail, depending on the company’s process.

FAQs about Term Insurance for NRIs

FAQ 1: Can NRIs avail term insurance policies in their home country while residing abroad?

Yes, NRIs can avail term insurance policies in their home country even if they are residing abroad. Many insurance providers have provisions for NRIs to obtain coverage while living outside their home country.

FAQ 2: Is medical examination required for NRI term insurance policies?

The requirement for a medical examination varies among insurance providers. Some companies may require NRIs to undergo a medical examination, while others may offer policies without the need for medical tests. It is advisable to check with the insurance company regarding their specific requirements.

FAQ 3: What are the benefits of term insurance for NRIs?

Term insurance provides financial security to NRIs and their families in the event of the policyholder’s untimely demise. It ensures that the policyholder’s dependents receive a lump sum amount, helping them cope with financial obligations and maintain their standard of living.

FAQ 4: Can NRIs claim tax benefits on term insurance premiums?

Yes, NRIs are generally eligible for tax benefits on term insurance premiums in their home country, subject to the local tax laws and regulations. It is advisable to consult a tax professional or refer to the relevant tax guidelines to understand the specific provisions.

FAQ 5: Are NRIs eligible for the free medical coverage offered by some insurance companies?

Yes, NRIs are eligible for the free medical coverage offered by select insurance companies. However, the availability of this benefit may vary among providers. It is essential to review the policy details and confirm the inclusion of free medical coverage when applying for term insurance.

FAQ 6: Can NRIs customize their term insurance coverage?

Yes, NRIs can often customize their term insurance coverage based on their specific needs and financial goals. Insurance providers offer various options such as choosing the policy duration, coverage amount, and additional riders to enhance the protection provided by the policy.


The COVID-19 pandemic brought about significant changes in the insurance industry, including the availability of term insurance policies for NRIs. With several insurance companies now offering term insurance coverage and free medical benefits, NRIs can secure financial protection and ensure the well-being of their families. By following the necessary steps and understanding the policy terms, NRIs can take advantage of these offerings and safeguard their future. Don’t delay—explore the options available to you and make an informed decision to secure term insurance as an NRI.


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