Life insurance for NRI

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Hi all,

As I have been said that life insurance once put can not be changed thereafter, I am a bit confused. Cz, I am working in IT and there is a scope that I may go onsite (even though it is not 100%, there is a chance). And the insurance I have put may not come into effect if anything happens outside the country. What should one do?! Will my family members able to claim?! Or is there any policies which include uncertainties in foreign land(I am aware that these types are available for health)?

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alakappan wrote:

@drjpatwa @Wontdisplaymyname @rajrocks @Pikachu_ @snowflake @Siddhartha07 tagging the active people I know, please include members who know about life insurance

Thanks for the tag, I’ve very little knowledge regarding insurance, never tried to get deep into this, paid lic only 3 times till date that too recently, as far as I know your family will get the benefits in case of any unforeseen events irrespective of the fact you live here or in foreign.. hopefully you’ll get help from more knowledgeable people
Keep working,
wish you all the best in your journey 😀🙌🏼

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alakappan wrote:

@drjpatwa @Wontdisplaymyname @rajrocks @Pikachu_ @snowflake @Siddhartha07 tagging the active people I know, please include members who know about life insurance

@alakappan

At the time of purchase of Life insurance policy, u should be in India.

After which if u go to some other country for job purpose & something happens to u, company have to pay to ur nominee. There is no geographical specific exclusion in life insurance (Unlike health insurance which clearly says – it is valid only in India).

However, It is always better to clarify with the company, agent before proceeding for it. If you become Green card holder / Citizen of other country then that might cause problem.

Also some insurance company have a negative country list like Pakistan, Afghanistan etc. If something goes wrong to u in those country, company won’t pay anything (But I guess u won’t be going to such country).

I hope this helps to u.

Missing
Deal Cadet
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Siddhartha07 wrote:

Thanks for the tag, I’ve very little knowledge regarding insurance, never tried to get deep into this, paid lic only 3 times till date that too recently, as far as I know your family will get the benefits in case of any unforeseen events irrespective of the fact you live here or in foreign.. hopefully you’ll get help from more knowledgeable people
Keep working,
wish you all the best in your journey 😀🙌🏼

Thanks bhai, please tag someone you know who knows about insurance

Missing
Deal Cadet
62
451
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drjpatwa wrote:

@alakappan

At the time of purchase of Life insurance policy, u should be in India.

After which if u go to some other country for job purpose & something happens to u, company have to pay to ur nominee. There is no geographical specific exclusion in life insurance (Unlike health insurance which clearly says – it is valid only in India).

However, It is always better to clarify with the company, agent before proceeding for it. If you become Green card holder / Citizen of other country then that might cause problem.

Also some insurance company have a negative country list like Pakistan, Afghanistan etc. If something goes wrong to u in those country, company won’t pay anything (But I guess u won’t be going to such country).

I hope this helps to u.

Thanks bhai, this really helps🥳. So, if i am only an indian citizen and took insurance when I am in India, then the company will pay my nominee. Is this right?!

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