HDFC 10 Crore Term Insurance for NRI

Let's take a look at why you should buy term insurance for NRI from India and how it can benefit you:

Why Choose HDFC 10 Crore Term Insurance for NRIs?

A term insurance for NRI may sound like a very large amount, but for NRIs with significant financial commitments, it becomes essential. Here are the main reasons why you should buy HDFC 10 Crore term insurance for NRI:

• High Income Replacement
  An HDFC 10 crore term plan sum assured provides your family with enough financial resources to help with income replacement for several years, ensuring that their lifestyle and essential needs remain unaffected.

• Support for Big Financial Goals
  It helps cover large financial commitments like children’s overseas education, home loans, or retirement planning for surviving dependents.

• Affordable Premiums
  Despite the large cover, term insurance remains one of the most affordable forms of life insurance compared to savings-linked or investment-linked products.

• Worldwide Coverage
  NRIs across countries, including the UAE, can secure their family’s financial future with a policy issued in India that provides global protection.

• Trusted Brand
  HDFC Life Insurance is one of the leading insurers in India, with a strong claim settlement ratio, making it a reliable choice for NRIs.

Documents Required for NRI Applicants

NRIs are required to provide certain documents when purchasing the HDFC 10 Crore Term Plan. These may include:

• Valid passport and visa copy

• Proof of overseas residency (such as work permit, residence card, or address proof abroad)

• Age proof documents (PAN card, Aadhaar, or equivalent)

• Income proof (salary slips, bank statements, or tax returns)

• Medical examination reports (as required)

What are the Benefits of Choosing HDFC 10 Crore Term Insurance for NRI?

Here are the benefits of buying HDFC 10 Crore term insurance for NRI explained in detail:

• Large Financial Cushion for Family
  Large life cover of 10 Crores ensures that your dependents do not face financial difficulties in case of an unfortunate event.

• Flexible Premium Payment Options
  You can choose between regular pay, limited pay, or single premium options depending on your financial preference.

• Additional Riders
  Enhance your cover with term insurance riders like Critical Illness, Accidental Death, and Waiver of Premium.

• Tax Benefits
  Premiums paid are eligible for deductions under Section 80C, and the payout received is tax-exempt under Section 10(10D) of the Income Tax Act, 1961 (as per prevailing laws).

• Ease of Purchase for NRIs
  NRIs can purchase the policy online from their country of residence, making the process seamless.

What Should NRIs Consider Before Buying Term Insurance?

• Income Justification
  A high cover like ₹10 crore requires adequate income proof to establish financial eligibility.

• Tele/Video Medicals
  You can now clear your medicals online via tele or video channels without having to travel to India just to purchase the policy.

• Country of Residence
  Some high-risk countries may have restrictions or higher premiums.

• Claiming GST Waiver
  GST waiver of 18% on term insurance premiums can only be claimed if the premiums are paid via an NRE (Non-residential External) bank account that supports freely convertible currency.

• Nominee Arrangements
  On buying term insurance from India, in case of an eventuality, your family can easily visit the insurance company to get their claims cleared.

How to Buy HDFC 10 Crore Term Insurance for NRI?

Here is how you can buy the HDFC 10 Crore term life insurance for NRI from India:

Step 1: Visit the term insurance for NRI page of Policybazaar

Step 2: Fill in the required details like name, gender, and contact information

Step 3: Select the right smoking habits, educational qualifications, annual income, and occupation type

Step 4: Choose the suitable HDFC 10 Crore term insurance for NRI and proceed to pay

Wrapping it Up!

HDFC Life 10 Crore Term Insurance is designed for NRIs who want to provide robust financial protection for their families. The plan combines high coverage, global protection, and flexible features, making it suitable for those with significant financial responsibilities. Whether you are in the UAE, the US, or any other country, securing this plan from India ensures peace of mind and financial stability for your loved ones.