Term Insurance

What if I become NRI after purchasing a term plan?

If you happen to move out of India after purchasing a term plan, you must let your insurance provider know about the upcoming shift in writing. The company will then confirm whether they will keep your policy active or not. Typically, they will keep your policy going as long as you pay the premiums on time. However, some policy providers will not cover risks in particular countries. So, it is advisable to document their approval before you move.