Contact Me

  • submit
NRI Insurance Policy NRI Insurance Policy

NRI Protection, Savings & Investment Plan

Invest in your peace of mind and indian growth story- place your mail order with us today for your protection needs and for meeting your future financial goals. (now with the comfort and ease of applying from your home)

Presenting NRI Protection, Savings & Investment Plans with Reliance Nippon Life Insurance Co. Ltd.

To meet an NRI expert from RNLIC, please fill up the below consent form and we will get in touch with you!

Savings & Investment Plans

We all have dreams in our lives. You can make these dreams come true by investing in a plan that works as hard as you.

Know More

Child Insurance Plans

Child Plans from Reliance Life help you save systematically so that you can secure your child's future needs, even in your absence.

Know More

Retirement Plans

Invest in Retirement Plans from Reliance Life to ensure that your golden years stay golden and you realize your post-retirement dreams.

Know More


No matter what goals you have set in life, a Unit Linked Insurance Plan (ULIP) can help you achieve them while keeping you and your family protected.

Know More

Term Insurance Plans

In today's uncertain world, there could be calamity at every step of life. Reliance Protection Plans help you to ensure that your family stays protected always.

Know More
  • Eligibility
  • Mode of Payment
  • Claims
  • Key Points
  • Tax Implications


"Non-Resident Indian" is an individual who is a citizen of India or a person of Indian Origin and who is not a resident of India. As per section 6 of the Income-tax Act, an individual is said to be 'Non-Resident' in India if he is not a resident in India and an individual is deemed to be resident in India in any previous year if he satisfies any of the following conditions:

  • 1. If he is in India for a period of 182 days or more during the previous year; or
  • 2. If he is in India for a period of 60 days or more during the previous year and 365 days or more during 4 years immediately preceding the previous year
Changes in conditions w.e.f 01.04.2020
Indian Citizen or Person of Indian Origin

Period of Stay in India is 182 days or more in Financial Year.


Period of Stay in India is 120 days or more in Financial Year and Period of Stay in India is 365 days or more in 4 years preceding the Financial Year.

All Other Individuals

Period of Stay in India is 182 days or more in Financial Year.


Period of Stay in India is 60 days or more in Financial Year and Period of Stay in India is 365 days or more in 4 years preceding the Financial Year.

Mode of Payment

  • NRE account
  • NRO account
  • Cards
  • Net banking
  • Wallets
  • UPI
  • Google pay
  • NRE/NRO cheque
  • GST waiver via SWIFT transfer
  • GST waiver for premium payment via SWIFT transfer in annual mode only
  • NRI to have bank account in India
  • GST undertaking letter to be submitted along with the proposal wherever client opting for SWIFT transfer in annual mode


In case of death of the Life Assured occurs outside India, the following documents are required:-
  • i. Claim Form A - Death Claim*
  • ii. Claim Form B - To be filled by Last Treating Doctor providing detail of medical treatment in India and abroad *
  • iii. Claim Form C - Certificate of Identity - Overseas Claim - To be filled by Indian Embassy or Employer (attached herewith)
  • iv. Original Policy Document *
  • v. Original Death Certificate *
  • vi. Copy of Passport with Visa and Immigration stamps page *
  • vii. KYC of Claimant *
  • viii. Bank Authorisation Form of Claimant’s Bank (A/c Opening Date filled in, Claimant’s Photo and signature, both duly attested by the Bank) supported by Bank Passbook Copy / Cancelled Cheque Leaf of the same account *
  • ix. Medical Records such as Admission Notes / Discharge Summary / Medical Tests *
  • x. Previous Hospital / Medical Reports *
  • xi. Copy of Central Identity card / Social Security Card / Health card
  • xii. Documentary evidence if body was brought to India
  • xiii. Certificate of Burial or Cremation
  • xiv. Employer Certificate (in case of salaried Life Assureds')
  • xv. Claimant Questionnaire (where Claim Intimation Date is after 6 months from Date of Death)

* Denotes Mandatory Documents

Additional documents in case of Death due to Accident, and / or Un-natural causes i.e. Suicide / Murder.
  • i. First Information Report *
  • ii. Post Mortem Report *
  • iii. Viscera / Chemical Analysis Report where applicable
  • iv. Final Police Investigation Report where applicable
  • v. Valid Driving Licence if Life Assured was driving, and if Accident Benefit is opted / In-Built *
* Denotes Mandatory Documents

The Company may call for additional documents where required

Key Points

  • Riders are not allowed
  • Only Individual cover plans are allowed
  • While opting for term plan the life assured has to be in India and proposal form has to be signed in India. Medicals and financials will be mandatory
  • Keyman and partnership insurance not allowed
  • Base policy is issued in Indian Rupees. Maturity proceeds will be paid in Indian Rupees

Tax Implications

1. Tax Benefits available to NRI
  • Deduction under section 80C/80CCC: Premium paid upto Rs 1.50 lacs towards life insurance policies, among other deductions
  • Exemption under section 10(10D): Tax exemptions can also be availed on earning and maturity benefits for the life insurance policies which are compliant to the provisions of Section 10(10D)
2. TDS applicability
  • Tax will be deducted at source (TDS) under Section 195 of the Income Tax Act, 1961 on any sum paid under a life insurance policy to Non-Resident Indians ONLY if the policy is not exempt under Section 10(10D)
  • There is no threshold limit to deduct TDS under section 195

For further clarification, please seek advise from your tax expert

Disclaimer: The above provisions are subject to change from time to time.

I am interested

Please fill the details below
  • Proceed
We are grateful for your interest in our services. Help us with a few more personal details to help us serve you better!
  • Gender
  • Next
The next step in this journey, will take you closer to your protection & secure future financial needs of your loved ones!
  • Child 1

  • Child 2

  • Financial Goals Age at which Amount required Amount Required Amount to be invested today
    Child's Education - Child 1
    Child's Marriage - Child 1
    Child's Education - Child 2
    Child's Marriage - Child 2
  • Submit


Hit Enter to search or ESC to close
24*7 Reliance Nippon Life Insurance Service Reliance Nippon Life Insurance 24*7 Service