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Life is full of uncertainties, which makes the purchase of a life insurance policy has become highly imperative. India has emerged as an important global contributor in the world, and despite Indians staying abroad, they may have family or home here. Considering this, the context of life or term insurance for NRIs has become as critical as it is for resident Indians. Besides, NRIs are great investors in the Indian market and go a long way in its development and growth.
What is Term Insurance?
We move through life like a roller coaster with numerous ups and downs. Insurance pays a huge role to ensure our families are always financially looked after. Term insurance is a form of life insurance where you have to pay premiums regularly for a fixed period or term so your beneficiaries can claim a specific sum assured at the time of any unfortunate eventuality. Since term insurance offers a higher death benefit at relatively lower premium payouts, many people opt to buy term insurance as opposed to other forms of life insurance policies.
Term Insurance for NRIs
The term insurance industry in India has evolved significantly and allows even NRIs to be eligible and buy term insurance. Term insurance for NRIs can be offered to them, depending on their respective needs and requirements.
Some of the pointers to keep in mind when you buy term insurance are mentioned below:
Factors to consider before buying term insurance for NRIs
It is imperative that you carefully study your term insurance plan prior to opting for it online.
Term insurance is not only an attractive tool but also an effective one and should be opted for, whether you are an NRI or not. Submit the relevant documents as specified on the insurer’s websites and keep your family financially secured! Browse the website to know more about Long Term Savings, Term Insurance and the various Term Plans offered by PNB MetLife
*Tax benefits are subject to conditions and other provisions of the Indian tax laws and are subject to amendments made thereto from time to time.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: firstname.lastname@example.org or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203
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As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at email@example.com or firstname.lastname@example.org. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.