Dollar Denominated Plans

Dollar Denominated plans, mainly offered via GIFT City (IFSC) in India, allow NRIs to invest, pay premiums, and receive payouts in US dollars. These products including term insurance, ULIPs, and fixed deposits, offer protection against rupee depreciation, high liquidity, and potential tax efficiencies. These plans offer life insurance coverage where both premiums and claim payouts are in USD, ensuring that your family receives the intended financial protection without worrying about currency conversion risks.

53 Partners Insurance Partners

13.2 Crore Registered Consumer

6.29 Crore Policies Sold

We are rated ++ rating

₹2 Crore Life cover starting from

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

What are Dollar Denominated Insurance Plans?

Dollar denominated plans are life insurance policies where the entire structure is linked to US Dollars (USD).

This means:

Premiums are paid in USD
Sum assured is defined in USD
Death benefit is paid in USD
Payout can be received in an overseas account

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

For NRIs living in the US, this aligns insurance with real-life financial needs such as:

Mortgage repayments
Children’s education in the US
Day-to-day living expenses
Long-term wealth protection

In simple terms, these types of life insurance plans ensure that your family receives the claim in the same currency in which they spend their life.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Why Dollar Denominated Plans are Important for NRIs in the USA?

A traditional life insurance plan for an NRI purchased in India is always an INR-denominated plan. Even though it might be much more affordable in the long run, it does get affected by currency risk. A dollar denominated plan avoids this risk.

Currency protection

Since both premium and payout are in USD, there is no exposure to exchange rate fluctuations.
Better alignment with US liabilities

These plans are ideal if your financial responsibilities such as home loans, rent, or lifestyle expenses are in dollars.
Global coverage

Most term insurance for NRI plans offer worldwide protection, making them suitable for expats with international mobility.
High coverage amounts

Designed for global lifestyles, these plans typically allow higher sum assured options to match US living costs.
Seamless payout experience

Beneficiaries can receive the claim directly in a foreign account without conversion delays.

Who Should Buy Dollar Denominated Plans in the USA?

The dollar denominated plans can be considered the most appropriate choice for people who have a financial profile dominated by the use of US Dollars. The following table can help you understand whether this plan is ideal for your requirements.

Profile	Why Dollar Plans Make Sense
NRIs working and living long-term in the US	Aligns insurance with USD income, expenses, and lifestyle
Individuals with a US home loan	Ensures loan repayment is not impacted by currency fluctuations
Families settled in the US	Provides seamless access to claim payouts in USD without conversion delays
Parents planning US-based education for children	Matches future expenses like tuition and living costs in dollars
High-income professionals with global exposure	Offers stability and predictability in financial protection across countries

In case your earnings, debts, and dependents are all in dollars, then you should consider opting for a dollar plan that will be more applicable to your requirements.

Key Features of Dollar Denominated Term Insurance Plans

Dollar denominated plans are designed for global lifestyles and cross-border financial needs. Their features go beyond basic life cover and focus on usability, stability, and alignment with international living.

Coverage in US Dollars: Both premiums and death benefits are defined in USD, ensuring that the payout retains its intended value without being affected by exchange rate fluctuations.
Elimination of Currency Risk: Since there is no conversion between INR and USD, your family does not face any loss in purchasing power due to currency depreciation or volatility.
Global Life Cover: These term insurance plans typically offer worldwide coverage, which means the policy remains valid regardless of where the policyholder resides or where the claim occurs.
High Sum Assured Options: Plans are structured to support higher coverage amounts, which is important given the higher cost of living, healthcare, and education in countries like the US.
Flexible Policy Tenure: Many dollar denominated plans offer long-term protection, with coverage extending up to advanced ages, helping ensure financial security across different life stages.
Digital Access and Policy Management: Modern plans provide online onboarding, policy tracking, and servicing, making it easier for NRIs and expats to manage their coverage remotely.
Direct Overseas Payout: Death benefit claim payout can be credited directly to an international bank account in USD, reducing delays and simplifying access for nominees.

Final Thoughts!

Dollar denominated plans in the USA ensure that your life insurance payout matches your family’s real financial needs in USD, without exposure to exchange rate fluctuations. They are best suited for NRIs whose income, liabilities, and dependents are all based in the US. If your responsibilities are still India-linked, INR plans may offer better cost efficiency. For many NRIs, the most practical approach is to align insurance with geography, or use a mix of USD and INR coverage to protect cross-border financial needs effectively.

People also search for

What is Term Life Insurance

FAQ's

Q: What do you mean by 'Dollar Denominated'?

Ans: It means the investment or insurance plan would be denominated in US dollars instead of Indian rupees.
Q: What is Dollar Denominated Investment?

Ans: This is an investment that earns returns in US dollars and thus makes sense for someone whose expenses are likely to be in dollars.
Q: Which Dollar Mutual Fund should I choose?

Ans: There is no such thing called as the best dollar mutual fund. The selection will depend upon the investor's objective, risk profile, and performance of the funds. Some of the popular choices include international funds which invest in the US.
Q: What are dollar denominated bonds?

Ans: These are bonds issued in US dollars, where interest and principal payments are made in dollars, often used by governments or companies to raise global capital.
Q: Can I invest in US Dollars from India?

Ans: Yes, Indian residents can invest in US dollar assets under the RBI’s Liberalised Remittance Scheme (LRS), subject to applicable limits and guidelines.

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.