Term Insurance Plan : Documentation Requirements For NRIs

IndiaFirst Life
• 01 Aug, 2025

Documents Required to Buy Term Insurance for NRIs

Term insurance is a crucial part of financial planning. Even Non-Resident Indians (NRIs) can now easily buy a term insurance plan from Indian insurers. If you are confused when it comes to life insurance vs term insurance, know that they aren’t exactly separate categories. Term policies are a type of life insurance. You can also choose other types of life insurance plans if they fit your needs better.

Let’s understand what term life insurance is for NRIs.

Understanding Term Insurance for NRIs

A term insurance plan is a simple life insurance policy that provides financial protection to your family in case of your untimely death. It is a pure protection plan with no maturity benefit. For NRIs, it means that their loved ones in India will receive the sum assured in case of their absence.

Let’s look at the documents required for a term insurance plan for NRIs and other key aspects of buying the right policy.

Benefits of Term Insurance for NRIs

By opting for Term Insurance for NRIs, policyholders can enjoy the following benefits:

Affordable coverage to secure your family's future.
Option of choosing a family term insurance plan to cover your spouse or children.
Tax benefits of term insurance under Section 80C and Section 10(10D).^**
Option to choose payout in INR or foreign currency.

Documents Needed for Buying Term Insurance as an NRI

Here’s a quick list of the documents NRIs need to submit when applying for a term insurance policy:

Attested Copy of Passport

This verifies your identity, nationality, and NRI status.
Policy Application Form

This is the official proposal form where you fill in personal details.
Health Reports

A medical check-up may be required, depending on the insurer, age, and sum assured. These records can help the insurer assess the risk of the individual.
Proof of Income

Salaried individuals can provide salary slips or bank statements. Self-employed NRIs can share IT returns.
Proof of Age

Some insurers have a term insurance age limit for their plans. Hence, to prove your age, you can provide your PAN card, passport, or birth certificate.

These documents ensure that the insurer has accurate and complete information before issuing the policy. You can use a term insurance calculator online to estimate the premium based on your age, income, and health.

Buying a term insurance policy as an NRI is a simple process when you have the right documents in place. Submitting the necessary paperwork may also ensure faster approval.

** Tax exemptions are as per applicable tax laws from time to time.

by IndiaFirst Life
Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), with a paid-up share capital of INR 754.37 crore, is one of the fastest growing private life insurers in India in terms of New Business IRP in Fiscal 2023. Our key differentiators are our simple, easy-to-understand products that are optimally priced. As of Sept 30, 2023, we offered 30 retail products, 13 group products along with six riders (across retail and group portfolios), along with policies under the PMJJBY scheme, catering to protection, savings, health and retirement needs of our customers, leveraging multiple distribution capabilities and augmenting various investment options. In all propositions under the categories of Participating Plans, Non-Participating Savings Plans, Non-Participating Protection Plans, Unit Linked Insurance Plans, Group Protection Plans, Corporate Funds Plans, Riders & PMJJBY form a complete suite of offerings that help our customers prepare for the certainties of life. Our products are easy to understand and optimally priced with a developed comprehensive risk management framework/policy.