NRIs living outside India may want to buy term plan to secure the future of their loved ones in their absence at affordable premiums. With Tata AIA term insurance plans, NRIs can secure their loved ones by purchasing the plan at low premium rates without travelling back to India. They can clear their medicals online via tele or video channels and get special GST waivers on the premiums paid.Read more
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Let us learn more about Tata AIA term insurance for NRIs in India:
Tata AIA life insurance offers several pure risk protection plans for the NRIs to secure the financial future of their loved ones in their absence. Since these plans are designed specifically to fit the needs of the NRIs, the plans offer large life cover at affordable premiums and flexible policy features to fit the NRI’s individual needs. You can select from the various term insurance plans provided by the insurer and purchase the one that fits your needs.
Here is a list of all the benefits of term insurance for NRIs offered by Tata term insurance plans:
Affordable Premium Rates: The premium rates for Tata AIA term insurance for NRIs are really affordable for a large life cover.
Long-term Coverage: Tata AIA term insurance plans offer long term policy coverage till 85 years of age, which the policyholder can extend to cover him/her till 100 years of age with the plan’s whole life cover option.
Tele/Video Medicals: You can purchase Tata AIA term insurance plans online from Policybazaar in just a few minutes by clearing your medicals either on-call or online via video.
Term Return of Premiums: Most of these term plans return the premiums paid throughout the policy tenure on survival of the policy term, which you can use to secure your retirement or pay for any lifelong goals.
Multiple Payment Options: With Tata AIA term plans, you can choose the most suitable premium payment option from the monthly, quarterly, annual, and semi-annual modes to pay the premiums for the whole policy term, limited term, or in a single lump sum.
Tax Benefits: You can claim tax benefits using the Tata AIA term plan for NRIs as per the prevailing tax laws.
Increase Sum Assured: The sum assured of the base plans can be increased at different life stages to ensure the plan is always suitable for your family and is enough to cover their needs in your absence.
Secure Family from Liabilities: The Tata AIA term insurance for NRIs can be purchased under the Married Women Property Act to secure the future of your family against liabilities in your absence.
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The plan provides protection with its inbuilt wellness program
You can select from regular or ROP options within the plan
The plan provides free health check-ups every year
You can claim Renewal Premium Discount or Cover Booster as much as 15% off each policy anniversary
The plan only offers a sum assured ranging from 50 Lacs to 2 Crores
The plan offers 4 death benefit options to fit the diverse needs of people
You can increase the sum assured via top-ups or with the Life Stage option
The plan offers lower premium rates for female customers
With the plan’s Inbuilt payor Accelerator benefit, you will receive 50% of the base sum assured on the diagnosis of a terminal illness
You can choose to receive the death benefit amount in a lump sum or as monthly income
You can receive lower premium rates for non-smoking and female customers
The plan pays 50% of the base sum assured on the diagnosis of a terminal illness
You can enhance the plan with the available riders
The premiums can be paid once, limited term, or the whole policy term
Increase the life cover with the plan’s Life Stage Benefit
Here is how you, too, can buy Tata AIA term plans for NRIs online from the comfort of your home.
Step 1: Visit the term insurance for NRI page
Step 2: Submit the form after selecting your country of residence, filling in your name, gender, date of birth, email id, and mobile number
Step 3: Answer questions regarding your occupation and annual income, along with your smoking and educational background
Step 4: Select the most suitable Tata AIA term insurance for NRI and proceed to pay
Valid Visa Copy
Foreign Address Proof
Passport front and back side
Employment ID Proof
Last Entry-exit Stamp
Last 3 month’s salary slips
Last 6 month’s bank statements