Term insurance plans for NRIs: Ensure policy offers global coverage
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said NRIs with taxable income in India can claim Section 80C benefits on premiums, suggested cover of 10 to 20 times annual income, advised checking claim settlement records, medical check options and sum insured limits, and cautioned against delaying the purchase.
More of Abhishek's views on insurance
Business Standard reports that more non-resident Indians are buying term life cover from India, drawn by lower premiums, simpler claims for nominees in India and tax benefits. The article flags territorial clauses, currency swings and medical checks, and covers how much cover and what policy tenure to choose.
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Term insurance plans for NRIs: Ensure policy offers global coverage