• A non-resident Indian is a citizen of India temporarily residing in the country of his/her present residence and holding a valid passport issued by the Government of India.
• NRI should not be a green card holder. He/She should not have applied for or planning to apply in the near future for acquiring citizenship of his /her present country of residence or any other country.
• It is clarified that People of Indian Origin having foreign nationality and residing in foreign countries (PIO) are not considered as NRIs for the purpose of allowing insurance. Rules applicable to PIOs are given in the last paragraph.
• Policies are issued in Indian Rupees only. Our Branches and Joint Venture Companies ( refer to option ; ""Associatesa on main page for details ) issue policies in their local currencies. e.g. Our U.K. Branch issues policies in Sterling Pound currency.
• NRIs are allowed insurance on their visit to India where all formalities are completed during their stay in India. In such cases they would be treated on par with Indian Lives for the purpose of allowing insurance.
• NRIs may also obtain insurance cover from their present country of residence where all formalities are completed in their present country of residence and this process is called ‘Mail Order Business’.
• Minimum Sum Assured allowed would be Rs. 2 lakhs and maximum would depend on conditions of insurability. However, under mail order business, maximum sum assured would be limited to Rs. One Crore only.
• Personal Financial Questionnaire (PFQ) and /or Proof of income in the form of income tax returns, copy of employment contract where emoluments are mentioned, Certificate from Chartered Accountant, etc. would be required if the sum assured is high or if the proposal is submitted through Mail Order Business.

• Proposal would be under medical scheme only.
• Policy in Indian Currency would be issued, only during their stay in India.
• Report by designated Insurance agents is compulsory.
• Claim would be paid in India in Indian Currency only.
• Maximum sum assured would be Rs.50 lakhs and high risk plans and joint life plans are not allowed.
• Please refer to Annexure-V for details such as residence extra and other restrictive conditions.

Existing policies taken while in India will continue in Indian Currency even after you are moving to foreign countries as NRI. Please keep the concerned servicing branch & informed about your new status i.e. NRI and your new address. Please submit to them NRI questionnaire form duly filled and signed. (See Annexure-II). You may continue to pay premiums through various approved channels.

For questionnaire form Click Here