Life Insurance for NRIs | Should You Buy Insurance In India?
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The Government of India is consistently focusing to upgrade the economy so that more business comes to the country. For this, Indian government has introduced various investment options for NRIs to help them maximize their returns. So, if you’re excited about different investment options for NRIs, check the plans below:
1. Term Insurance
Term Insurance plan refers to the pure form of life insurance that requires payment of premium at regular intervals for a defined policy terms. As a NRI, you can plan to invest in term insurance plan in India wherein you can avail coverage in case the insured does not survive the policy term. The death benefit is availed by the nominee, in case the insured dies.
2. Child Plan
Under child plan, NRIs can protect and secure the future of their children in case the insured dies during the policy term. It is one of the best investment an NRI can look for.
3. ULIP Plan
Unit Linked Insurance Plan is a combined investment of market-linked instrument along with life insurance under a single policy. NRIs can invest in ULIP plans and can avail benefit of investment as well as life insurance.
4. Fixed Deposits
As FDs are one of the common and most popular investment options for Indian residents, it is quite productive for NRIs as well. NRIs can invest in FD in India if they hold an NRO, NRE, or FCNR account.
The above-mentioned investment options for NRIs can bring huge returns along with life coverage, if they propose to invest in mentioned options. Along with this, NRIs can avail tax benefit under section 80C and 10 (10D) of the Income Tax Act, 1961.
If you are an NRI and planning to invest, the time is now!!
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Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.
Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co.
Corporate Office :
Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.
Operation Center :
Max Life Insurance Co. Ltd, Plot No. 90-C Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.
Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.
Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).
Fax Number:0124-4159397.
Email ids: [email protected]
Website: www.maxlifeinsurance.com
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• IRDAI is not involved in activities like selling insurance policies, announcing
bonus or investment of premiums.
• Public receiving such phone calls are requested to lodge a police complaint
IRDAI - Registration No. 104.
ARN: YT/LI/NR/10072023
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