Key highlights

• Most Indian term insurance plans offer worldwide life cover.
• Continue paying premiums on time to keep the policy active.
• Inform your insurer if required under your policy terms.
• Your nominee can usually file a claim even if the death occurs abroad.
• Always review geographical exclusions, documentation requirements, and claim procedures before relocating.

If you plan to live or work overseas, compare term insurance plans that offer global coverage and understand their policy conditions before making a decision.

Here's how it generally works:

If you are planning to relocate permanently, it is advisable to inform your insurer and verify whether any additional documentation is required.

However, the claim is always subject to the policy's terms and conditions. The insurer may ask for additional documents such as:

• Death certificate issued by the overseas authority.
• Medical records, if applicable.
• Passport and visa details.
• Local authority reports, where required.
• Any other documents requested during claim assessment.

Some policies may also have exclusions related to specific circumstances or countries. Reviewing your policy before moving abroad can help you understand these conditions.

Here are a few important points to know:

• Eligibility: Most insurers allow NRIs, OCIs, and eligible PIOs to purchase term insurance, subject to their age, country of residence, occupation, and underwriting guidelines.
• Medical examination: Depending on the insurer, age, sum assured, and country of residence, you may need to undergo a medical examination. Some insurers arrange medical tests overseas through authorised diagnostic centres.
• Documentation: You will typically need a valid passport, visa or residence permit, overseas address proof, Indian and overseas contact details, income proof, and KYC documents.
• Premium payment: Premiums can usually be paid through NRE, NRO, or FCNR accounts, or other payment modes accepted by the insurer.
• Worldwide coverage: Most Indian term insurance plans provide global coverage, meaning the death benefit is payable even if the policyholder passes away outside India, subject to the policy's terms and conditions.
• Disclosure is important: Always inform the insurer about your country of residence, occupation, travel history, and any changes after purchasing the policy. Incorrect or incomplete disclosures may affect claim settlement.

Buying a term insurance plan in India allows NRIs to protect their family's financial future while benefiting from affordable premiums, flexible policy options, and comprehensive life cover. Before purchasing, compare plans carefully and review the eligibility conditions, exclusions, and claim process to choose a policy that suits your needs.

Some of its key benefits include:

• Worldwide life cover
  Many Indian term insurance policies continue to provide coverage even if you reside overseas, subject to policy conditions.
• Affordable premiums
  Indian term insurance plans may offer competitive premiums compared to similar products in some international markets.
• Financial security for your family
  The death benefit can help your loved ones manage household expenses, outstanding loans, education costs, and other financial commitments.
• Flexible rider options
  Depending on the insurer and product, you may be able to add riders such as critical illness, accidental death, or waiver of premium benefits.
• Convenient online purchase
  Many insurers allow eligible NRIs to buy or manage policies online, subject to underwriting requirements.

Compare term insurance plans that offer worldwide coverage and choose one that matches your current country of residence and long-term financial goals. Get quote!

Before buying, consider:

• Whether the policy provides worldwide coverage.
• Countries where coverage may be restricted.
• Claim settlement process for overseas deaths.
• Required medical examinations, if any.
• Available rider options.
• Premium payment methods from abroad.
• Insurer's claim settlement record.

If you already own a policy, review it before relocating to ensure it continues to meet your needs.

Compare policy features, worldwide coverage, and rider options before selecting a term insurance plan for your overseas lifestyle. Get quote!

Moving abroad does not usually affect the validity of your term insurance policy, provided you continue paying premiums and comply with the insurer's policy terms. Since policy conditions can vary across insurers, it is important to review your policy, update your overseas details if required, and understand the claim process before relocating.

Choosing a term insurance plan with worldwide coverage can help ensure your loved ones remain financially protected wherever life takes you.