Term Insurance for NRIs
Non-Resident Indians (NRIs) can secure their family's future in India with term plans offered by leading Indian insurers. Here's what you should know:
- Policies can be purchased online with digital KYC from abroad.
- Premiums are payable in INR or foreign currency, depending on the insurer.
- Medical tests may be required, which can be conducted in the residing country or India.
- Tax benefits under Section 80C apply if income is taxable in India.