A Non-Resident Indian is a citizen of India (holding a valid passport of Govt. of India) temporarily residing in the country of his/her present residence. He/she should not have applied or planning to apply in the near future for acquiring citizenship of his/her present country of residence or any other country.

Whether Green card holders and foreign Nationals of Indian origin are treated as NRI?
No, Green card holders and foreign Nationals of Indian origin are not treated as NRIs for the purpose of allowing Insurance. They are treated as Foreigners and the underwriting rules as those prescribed for foreigners will be applicable.

In which currency the Insurance will be allowed ?
The NRIs will be allowed insurance policies in Indian Rupee Currency only.

The NRIs can be allowed insurance policies

a) on their visit to India. All the formalities of proposal completion, medical examination reports/Special reports and Moral hazard report are required to be completed during their stay in India.

b) from their present country of residence through Mail Order Business. All the formalities of proposal completion, obtaining medical & special reports etc are to be completed in the present country of residence.

All plans are allowed for NRIs subject to the following restrictions

a) maximum Sum Assured allowed under Pure term insurance plans will be Rs.25 lacs.
b) The Term Rider benefit allowed upto Rs.25 lacs.
c) Critical Illness benefit will not be allowed.

Which documents will be valid for Income Proof?
a) The copy of Income Tax Return filed in the country of residence, if the Sum Assured exceeds Rs.15 lacs.
b) If no Income Tax return is filed , then a copy of employment contract mentioning Salary or a certificate from a C.A. regarding business / other income.
c) Personal Financial Questionnaire (PFQ) duly filled in and signed by the proposer and counter signed by the official filling in the MHR can also be accepted as proof of income upto a Sum Assured of Rs.25 lacs.