HDFC Life Term Insurance for NRI

As a Non-Resident Indian who is considering investing in India, the term insurance industry has a number of insurance products to suit all your requirements – be it funding for your child’s education, be it planning for your retirement, or securing other life objectives. HDFC Life Insurance is dedicated to offering innovative products and solutions for NRIs. 

Read more
Get ₹1 Cr. Life Cover at just ₹449/month*
No medical
checkup required
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Let’s discuss HDFC Life Term Insurance for NRI in detail: 

What is a Term Life Insurance Plan? 

Term insurance is a specifically designed life insurance plan that protects an individual’s family and provides them financial protection in case of any unpredictability. Like most insurance policies, the policyholder pays a premium amount for a specified term. If the policyholder passes away during that tenure due to an accident or because of health reasons, the nominee/beneficiary is paid a death payout equivalent to the plan value. The premiums are computed on the basis of the medical conditions, the policyholder’s age, and life expectancy. Insurance companies sometimes ask the policyholder to conduct a medical examination before finalizing the plan. 

HDFC Life Term Insurance for NRI 

Non-Resident Indians (NRIs) are entitled to purchase a term plan in India. Non-Resident Indians are living all over the world and they make a major economic part. HDFC Life Term insurance for NRI should be on the basis of an individual’s specific requirements. There are a number of ways in which an NRI can buy an HDFC term plan while visiting India. After completing all the formalities about the policy’s underwriting, the NRI can opt for the policy benefits, just like an Indian Resident. On the other hand, NRIs can buy the plan in their residential countries through mail-order business, Then, the policyholder has to get the plan verified by a Notary, an Indian embassy official, or an Indian diplomat. Even students can opt for the benefits of an HDFC Term insurance after verifying the policy through university officials such as supervisors or the dean. 

How To Obtain HDFC Life Term Insurance? 

NRIs can buy term plans in 2 ways. They may either obtain a term insurance plan while they are visiting India or from their residential country. Let’s look at how the procurement procedure works in HDFC Life Term Insurance: 

  1. In India

    Buying a term insurance plan for NRIs in India is easy and quick. The NRIs simply have to find an insurance company they like and ask to buy the plan. Once they complete all the formalities, the plan is considered a regular term insurance plan bought by Indian Citizens. On contrary, the NRIs are required to disclose their residential country. Most insurance companies have a country list where they will not provide insurance.

  2. In their Residential Country 

    The procedure to buy HDFC Life Term insurance for NRI is quite complex. They have to buy the plan through mail-order business and the process needs the NRI to get verified by the Indian embassy. 

Affordable Term Life Insurance Affordable Term Life Insurance

How to Buy HDFC Life Term Insurance for NRI? 

Buying HDFC Life Term insurance for NRI is convenient and simple. 

  • An NRI can avail of any one of 2 options to buy term insurance in India: 

    • The 1st way is to buy the plan when he/she visits India in which the buying process will be performed in the same way as it is for citizens of India

    • The 2nd way is to buy the plan from the present residential country 

  • It can be performed through a mail order in which thorough verification is needed. 

  • The verification can be performed by an Indian Embassy official or Notary

  • The company’s T&Cs are flexible 

  • The SA amount varies from 2 lacs to 1 cr. and the premium to be paid is based on the T&Cs of the plan, age, health conditions, and frequency. 

  • The plan tenure also varies and range from somewhere between 5 to 30 years 

  • An individual between 18 to 65 years of can purchase term insurance 

  • Premium payment can be made via online mode but the life assured should be an account holder in the enlisted banks as per the plan terms and conditions 

  • The premium payment can be done by remittance in foreign through NRO or NRE bank account. 

  • It is significant that the premium amount will be the same for Indian Residents and NRIs, if the involved risk is the same 

  • No supplementary premium will be charged from an NRI for a term insurance plan 

  • The death payout will be paid to the registered bank account while purchasing the term plan. 

Kal Kisi Ne Nahi Dekha Kal Kisi Ne Nahi Dekha

Documents Required for HDFC Life Term Insurance for NRIs 

Following is a list of the documents needed to buy HDFC Life Term Insurance for NRI: 

  • Application form 

  • Attested passport copy 

  • Proof of age 

  • Proof of Income 

  • Documents mentioning the health/medical conditions 

  • First premium rates 

Taalon Nahi Taalon Nahi

Features of HDFC Life Term Insurance For NRI 

Following are the features of HDFC Life Term Insurance For NRI: 

  1. Wide policy term 

    Various insurers offer term plans to NRIs. The tenure of these plans can be as short as 6 months or as long as 25 years. NRIs should be at least 18 years to be eligible to buy a term policy. In most situations, individuals cannot purchase a term plan if they are above 60 or 65 years of age. 

  2. Easy Payments 

    In order to allow Non-resident Indians to keep their plan in force when they are out of India, insurers accept payments through internet banking. They can also use NRO, NRE, FCNR, or foreign remittance to make a regular premium payment. In addition to this, NRIs can choose the premium payment mode. 

  3. Customizable accounts 

    In HDFC Term insurance plans, the most important feature is to consider the right sum assured amount. NRIs can opt for SA as low as 2 Lakhs or as maximum as 5 crores. Some insurers do not have a cap on the maximum SA. You can easily choose the sum assured based on your family’s financial requirements. 

  4. Quick Documentation 

    NRIs applying for a term insurance plan are required to provide a few documents with the application form. You should provide a passport copy along with other documents that provide details about the policyholder’s income and age. While buying term insurance plans, NRIs also have to submit documents related to their past medical history. Then, the insurer will use this information to decide the premium amount.

Taalon Nahi 2 Taalon Nahi 2

FAQ's

  • Can NRIs purchase a HDFC Life term plan for NRI in India?

    Ans: Yes, NRIs are eligible to buy term insurance policies in India. They should check whether their chosen policy will provide cover in their residential country. Idyllically, they should have written approval from the insurer.
  • Can I Purchase multiple term insurance plans?

    Ans: Yes. Various people opt to buy multiple policies for increased protection.
  • Once I buy the plan, can I changes the premium payment frequency?

    Ans: Yes, in most cases you can opt to change the frequency of premium payment. Buy you may be required to wait until your plan is up for annual renewal before making the switch.
  • What happens if I become a Non-Resident Indian after I buy a term insurance plan in India?

    Ans: If you have an existing term insurance plan, you need not panic. You can directly write to your insurer to ask if they will keep your plan in force once you move abroad. You will have to provide information about where you are going to reside. Most insurers will allow you to continue with the term insurance plan.
premiumbyage
why buy term insurance

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

*Standard T&C Apply

Term insurance articles

Recent Articles
Popular Articles
Term Life Insurance Over 50,000

04 May 2022

Term insurance is the pure protection life insurance plan that...
Read more
Max Life Offers Independent Term Insurance for Homemakers

04 May 2022

A homemaker’s contribution to the household is uncountable and...
Read more
Aegon Life iTermForever Term Insurance Plan

04 May 2022

Aegon Life iTerm Forever Insurance is whole life term insurance...
Read more
What is Incremental Term Life Insurance Policy?

04 May 2022

Term insurance is a pure and simple life insurance product. When...
Read more
Which Term Insurance Plan is Suitable for NRI?

04 May 2022

Keeping your family members secured against any unfortunate...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would...
Read more
Types of Deaths Covered and Not Covered by Term Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Read more
Term Insurance For Housewife
Being a housewife seems an easy and thankless job to people. On the contrary, being a housewife should be the...
Read more
Term Insurance: Tax Benefits under Section 80D
Term Insurance provides financial security and protection to your family and yourself so that you can meet all the...
Read more

HDFC Life Term Insurance for NRI Reviews & Ratings

4.4 / 5 (Based on 36 Reviews)
(Showing Newest 10 reviews)
Om
, September 02, 2021
Remarkable educative experience
It was my first time buying a term insurance plan. Policy bazaar provided me with a remarkable educational experience as I learned about the quotes generating factors, type of claims, rider facilities and so on. Ultimately I purchased HDFC Life Saral Jeevan Bima for my family.
Arun
Atarsumba, February 16, 2021
Quick and subtle
My life has become hassle free when I bought the term insurance plan from the policybazaar. The customer care team of policybazaar is really good. Thank you so much team.
Amrish
Aul, February 16, 2021
Rider benefits
I availed the rider benefits when I bought the HDFC life term insurance plans. I got it very easily and it has enhanced my term insurance plan. I am happy.
Lekhak
Auraiya, February 16, 2021
Safety shield
My term insurance plan is like a safety shield for me and my family. I bought the hdfc life insurance plan from policybazaar. It has more advantages and my life has become so settle and best. Thanks.
Prabhjot
Anjar, September 06, 2016
Worthy Insurance
My friend suggested me a insurance policy which is very nice and has some new features. I buy hdfc term insurance policy in very convenient price. The terms and conditions of the policy is nice and flexible. Policy coverage is high and claims are simple to sanctioned. Service is fantastic with good behaviour.
Bhupesh
Haridwar, July 20, 2016
Quality Investment Plan
HDFC standard life insurance is the insurer provides me the term insurance plan in very low investments. Policy cover maximum expenditure and the claims are high which can be sanctioned easily. Updates regarding policy is mailed to me regularly.
Gaurav
Fatehgarh, July 20, 2016
HDFC Term Policy
The hdfc life insurance is one of the best insurance plan, it has maximum coverage and it facilitate the service which is on time. Claiming procedure is very easy due to fast service facilitate by the executives and staff of the company.
Hitesh
Kiratpur, July 20, 2016
Best Term Policy
HDFC term plan is the best insurance policy among all other because it provides much more benefits in low premiums. The online service is very nice and online renewals and updates are easily visit. The executives respond very well and claiming is so simple because of this.
Abhishek
Latur, July 20, 2016
Good Policy Coverage
The insurance i have is hdfc term insurance, it have high policy coverage ~89% and the claims are even better. Service facilitate is awesome and the renewals can be done by online portal service which is very simple to use and anybody can access it.
Sandeep
Dava, July 20, 2016
Term plan
My hdfc life term plan is fantastic with some good benefits like low premiums and high coverage. The service facilitate by the staff members of the company is fast and on time. Claiming get easy due to fast service.
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL