5 Points NRIs should Consider for Life Insurance in India

 Indian citizens living abroad can boost their finances by purchasing life insurance plans in India. Several Insurance companies offer customized life insurance plans to fulfill the needs of NRIs, such as SBI life insurance for NRIs, Max life insurance for NRIs, ICICI Prudential life insurance, etc. Insurance plans, eligibility criteria, and other terms and conditions are slightly different for NRIs from resident Indians. Here are the 5 points NRIs should consider before buying life insurance in India.

SBNRI Team

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Max Life Insurance for NRIs (Non-Resident Indians)

 Max Life Insurance company is a joint venture of Max Indian Ltd. and Mitsui Sumitomo Insurance Co. Ltd. The company offers tailor-made insurance cum investment plans to Non-Resident Indians (NRIs). Max Life Insurance for NRIs is designed to provide protection to NRIs and their dependents against unforeseen eventualities in life. NRI customers can choose from the extensive range of plans ranging from protection, retirement, child, savings, group and ULIP.

SBNRI Team

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Life Insurance Plans for NRIs (Non-Resident Indians)

 Life insurance is one of the most preferred investment options in India. Be it resident Indians or NRIs (Non-Resident Indians), securing a life insurance policy should be one of the primary financial management steps for everyone. While there are many options for resident Indians, NRIs can purchase life insurance plans which are exclusively designed to fulfill their requirements. As an NRI, you should purchase a plan which would secure the future of your loved ones and protect them in your absence. Before buying a policy, you must compare the features of life insurance plans for NRIs.

SBNRI Team

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How to choose term insurance as an NRI (Non-Resident Indian)

 Needless to say that NRIs account for a sizable portion of the global workforce. However, the challenges of expat life could be daunting at times. However, smart financial management can soften the blow and make much of the journey easier. Securing a term insurance cover for yourself and your loved ones should be one of the primary financial management steps for you as an NRI. Several insurance companies are now offering customized plans for NRIs. Buying a term insurance plan as an NRI is similar to buying the plan as a resident. Here we will discuss how to choose term insurance as an NRI.

SBNRI Team

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ICICI Prudential Life Insurance for NRIs (Non-Resident Indians)

 Life insurance is one of the finest investment options for NRIs to stay protected and secure the future of their loved ones. ICICI Prudential Life Insurance has a variety of life insurance products to suit all needs of NRI customers, be it your retirement plan, funding for your child’s education or other life goals. With ICICI Prudential Life Insurance for NRIs, you can choose from a host of plans offering pure protection (Term plans), protection and savings (ULIP and traditional savings/ money back plans), retirement plans and other solutions tailored for your specific needs.

SBNRI Team

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5 Ways to Save on the Tax NRIs have to Pay

 Usually Non-Resident Indians (NRIs) have to pay tax twice. Non-Resident Indians who live and earn abroad have to pay tax in their host country. And if they earn income from investments, assets or business transactions in India, they will have to pay tax on this income in India as well. However, tax payment has some benefits. Do you make the most of any tax deductions and provisions available to you? In this article, we will discuss the 5 ways to save on the tax NRIs have to pay.

SBNRI Team

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Why NRIs need life insurance policy in India?

 Life insurance is important for everyone to provide their family with financial stability and protection in case of unfortunate events. Living far away from their families, Non-Resident Indians (NRIs) should essentially buy a life insurance policy to safeguard their dependents at many stages in life in their absence. There are several low-cost life insurance policies for NRIs. Here is why NRIs need life insurance in India and other important details about NRI life insurance policy.

SBNRI Team

· 17,516 views

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