Vipul Mehta April 1, 2013 Share this interaction Share this Facebook 0 Twitter 0 Dear Expert, I am NRI living in Dubai and i want to purchase term insurance plant online from HDFC Click protect.My question is that as i am NRI and something happen out of india they will pay or not? Which one best online tern plan? Thanks & regards,. Reply to this Response(s) MIC Staff April 3, 2013 : Answered in 1 Day You can opt for any plan by just filling up an NRI or PIO form. However, there are some additional formalities for Term Plans, since the risk level is much higher. But the extent of the coverage would depend on the underwriter's discretion depending on your coverage requirement, their risk taking capacity, the country of your residence, the nature of your work, etc. etc. There is no set format for accepting such policies. Only a few companies have actually managed to streamline their processes for issuing insurance policies to NRIs. LIC, Kotak and ICICI Prudential are one of those. They will help you with documentations and other requirements for medical tests, etc. as well Life Insurance Corporation of India (LIC) has a special NRI Centre. For details of NRI products from LIC refer to the below page https://www.licindia.in/nri_centre.htm Kotak Life Insurance has a separate section for the NRIs. Kotak Preferred Term Plan and Kotak Premium Return Plan are the 2 Term Plans offered to the NRIs by Kotak. You can refer to the following link: https://insurance.kotak.com/nri-centre.php And ICICI Prudential also has a special NRI Centre. For details of the same, refer to https://www.iciciprulife.com/public/Others/NRI-Corner.htm The choice of insurance plans available to you depends on the country you are residing in currently, your age and many other details. Hence we suggest that be open to the range of plans offered by them and then choose the one which best suits your requirement.. Submit Reply to this Did you find this useful? 0 0
