NRI insurance is designed specifically for NRIs and helps them protect their families even when they are away. Life Insurance for NRIs is one of the great investment opportunities for NRIs in India who are willing to invest here.
It not only adds a layer of protection but also helps you create wealth for the future and save on taxes, making it the best investment for NRIs in India. Learn more about investment by NRIs in India and understand its benefits.
NRI Life insurance is a type of savings cum investment for NRIs that works similarly to typical life insurance plans. NRI insurance is designed to help NRIs protect their families’ future and invest for the future. Along with these features, it also acts as one of the great investment tools that helps in financial planning and saving taxes.
With low premiums and features like long-term coverage, return of premium payments, cover for critical illnesses and quick claim settlement, this solution offers various benefits for NRI investors.
Low Premium Rates
You can get a higher cover for your family without making a hole in your pocket. The affordability of premiums in term life insurance makes it one of the best investment options for NRIs.
NRI Financial Planning
Apart from its protective feature, term life insurance for NRIs also greatly helps in planning for significant financial events like paying off loans, planning for children’s higher education, saving for marriage or retirement, treating critical illness, etc.
Long-Term Coverage
The best part of investing in an NRI savings plan is the long policy tenure. If the policy is bought at an age as young as 25 years till you reach 80 years of age, the policy can provide long-term coverage of 55 years.
NRI Tax Benefits
Life insurance is an NRI scheme that offers tax benefits under Section 80C of the Income Tax Act (ITA) of 1961. NRIs can avail of tax benefits on the premium paid towards life insurance plans based on the income tax slab for NRI. Additionally, the insurance benefits are also exempt from tax deductions, according to Section 10(D) of the ITA, 1961.
PNB MetLife offers extensive benefits, such as multiple payout options, longer policy tenure, NRI TDS deductions, premium return feature, and many more.
Yes, premium rates are lower for people who lead healthier lifestyles.
Claims are paid in rupees in NRE or NRO accounts of the nominee (if they are NRIs, too) or through a cheque to their Indian bank accounts.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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