HDFC 5 Crore Term Insurance for NRIs

Whether you're living in the US, UAE, UK, Canada, or elsewhere, this term plan ensures your family remains financially protected in your absence. 

Why NRIs Should Consider Buying an HDFC 5 Crore Term Plan?

An HDFC Life 5 Crore term insurance plan offers a large financial safety net for NRIs looking to protect their family's future in India. This term insurance for NRI ensures that in the event of the policyholder's untimely demise, their family can continue living without financial hardship. Given the rising cost of living, this high sum assured can cover everything from children's education and loan liabilities to long-term living expenses.

NRIs with financial responsibilities in India, such as dependent parents, ongoing home loans, or children's future goals, can greatly benefit from a large cover at premiums that are significantly more affordable than those in many foreign markets. The HDFC 5 Crore term insurance policy is designed to offer reliable protection with added features such as global coverage, tax advantages, and optional riders for enhanced benefits. These features make this term insurance a strong fit for NRIs who want a comprehensive and flexible life cover solution that aligns with their global lifestyle but still anchors their family's financial stability in India.

What are the Benefits of HDFC 5 Crore Term Insurance for NRIs?

Financial Security for Family in India
With an HDFC term plan, NRIs can safeguard their family members residing in India against the financial impact of an unexpected loss. The ₹5 Crore cover is adequate to handle large expenses such as home loans, children's education, or any future liabilities.

Competitive Premiums
Term insurance in India has relatively lower premium rates compared to international markets. NRIs can often get large life covers, like ₹5 Crore, at a 40%–50% lower cost than policies abroad.

Global Coverage
HDFC Life insurance for NRIs offers global coverage, ensuring your policy remains valid even if you relocate to another country. In case of death outside India, the nominee can still raise a claim seamlessly.

Simple Claim Settlement in India
Since the policy is issued in India, family members can settle claims without interacting with foreign insurers or going through lengthy international procedures. This local claim support adds convenience and peace of mind.

Tele or Video Medical Checkups
NRIs can complete the medical examination remotely through tele-medical checkups in term insurance or video-based assessments. This eliminates the need to travel to India just for the medical test, making the process smoother and more accessible.

High Claim Settlement Ratio
HDFC Life consistently maintains a high Claim Settlement Ratio (CSR), reinforcing the insurer's trustworthiness. A CSR above 95% reflects that most claims are honoured without unnecessary delays.

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GST Waiver on Premiums
When premiums are paid via an NRE (Non-Resident External) account in a freely convertible currency, NRIs may receive an 18% GST waiver on term insurance. This brings down the overall premiums NRI customers would have to pay.

Additional Discounts for Annual Premiums
NRIs can avail an extra 5% discount if the premium is paid annually. Combined with the GST waiver, this can translate into total savings of up to 23% on premium payments.

Exit Option for Flexibility
HDFC Life also offers a special 'exit option' in some term plans. This allows policyholders to exit the plan at a specific point and receive a refund of all premiums paid (excluding taxes and charges), if no claim has been made. This feature is handy for NRIs who may reassess their coverage needs over time.

Broad Range of Plans
HDFC Life offers multiple term plan options with built-in riders and customizable features. Whether you're looking for critical illness protection, accidental death benefit, or income payout options for your family, a plan can be tailored to your specific needs.

Who Should Consider Buying an HDFC 5 Crore Term Insurance?

How Can NRIs Buy HDFC Term Insurance?

Here is how you can buy the HDFC 5 Crore term insurance plans via Policybazaar:

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

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

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

Step 4: Choose the best HDFC 5 Crore term life insurance and proceed to pay the first premium

Final Thoughts

A ₹5 crore term plan from HDFC Life offers reliable protection for NRIs across geographies. Whether you reside in the UAE, US, UK, or Singapore, this plan helps you secure your family's future with a trusted Indian insurer while benefiting from lower premiums and flexible payout structures.