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NRI Investment Plans

NRI Investment Plans offer Non-Resident Indians a strategic way to secure their financial future. These plans leverage India’s dynamic economy and attractive interest rates, featuring options like ULIPs, savings accounts, and retirement plans. ...Read More

Secure Your Financial Future in India!

Discover Tailored NRI Investment Plans for Long-Term Prosperity.

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NRI Investment Plans in India
Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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NRI Investment Plans

image-star image-star image-star image-star image-star image-star image-cloud image-cloud image-cloud moon NRI Plans

NRI investment plans, also known as Non-Resident Indian Investment Plans, are financial instruments designed to facilitate the investment of NRI individuals in India. These plans cater specifically to the needs and requirements of NRIs, ensuring optimal returns while adhering to regulatory compliances.

One can choose from a variety of investment options such as fixed deposits, mutual funds, term plans, government securities and more. These plans offer unique benefits like high returns, tax benefits and the opportunity to actively participate in India’s growing economy. NRI investment plans provide a secure and lucrative way for NRIs to grow their wealth and secure their future.

Best NRI Investment Plans in India by HDFC Life

NRIs choose to invest in India for the following reasons

Portfolio Diversification

Portfolio Diversification

NRIs can invest in India to build a global and diverse portfolio. Spreading their investments across markets can help them minimise risk and enjoy steady growth for the future.

Build a Retirement Corpus

Build a Retirement Corpus

Many NRIs aim to retire in India. They can utilise the investment tools available here to build a nest egg for their golden years.

Understanding NRI Investment Plans

Let’s understand better the various investment plan options NRIs can consider in India.

Term Plans

Term Plans

Many NRIs have parents and relatives in India. By purchasing a term plan, NRIs can help take care of their loved ones back home even if something happens to them. Term plans in India offer a sum assured between Rs 50 lakhs to Rs 2.25 crore, offering a significant financial payout to loved ones. It can help keep their finances afloat during a difficult time. NRIs can purchase a term plan when they’re in India or even from their country of residence. However, they must first ensure that the insurance policy offers coverage for that country.

Unit-Linked Insurance Plans (ULIPs)

Unit-Linked Insurance Plans (ULIPs)

ULIPs offer NRIs the opportunity to build wealth in India while enjoying the additional benefit of life insurance coverage. NRIs can purchase ULIPs and make regular premium payments. A part of the amount gets used to provide the required life insurance coverage. The rest gets invested in various equity and debt funds. The investor can choose how their investment gets divided across assets to build wealth for the future. ULIPs work best when utilised for long-term planning, making it ideal for those who want to fulfil financial goals after 10 or 15 years.

Savings Plans

Savings Plans

Savings plans are unique life insurance products that offer NRIs a savings component. These plans have a fixed return on maturity, making them a good option for risk-averse NRIs who want to build a corpus to meet future financial goals in India. Depending on the type of plan chosen, NRIs may also receive a regular income as part of the maturity proceeds. Savings plans help individuals meet their future goals while protecting their family’s finances in the present with life insurance coverage.

Retirement and Annuity Plans

Retirement and Annuity Plans

NRIs who want to spend their golden years in India can benefit from retirement and annuity investment plans in India. Retirement plans are financial products that help NRIs systematically save money over the years for financial security after retirement. Depending on the selected plan, NRIs can choose to get monthly or annual payouts based on their post-retirement financial needs.

NRI Investment Options in India

Some of the best NRI Investment options in India are discussed hereunder:

1
1

Term Plans

Term plans are a popular investment option for NRIs as they provide financial protection to their families in case of any unfortunate event. These plans offer a high life cover at affordable premiums and can be customised according to individual needs. NRIs can choose the policy tenure and sum assured based on their financial goals and responsibilities.

...Read More

2
2

Unit-Linked Insurance Plans (ULIPs)

Unit-Linked Insurance Plans (ULIPs) are a unique policy that provides insurance coverage and the opportunity to invest. NRIs can invest in ULIPs to possibly grow their wealth while enjoying life coverage. These plans offer the flexibility to switch between different funds based on market conditions and investment objectives. ULIPs also provide tax benefits, making them an attractive choice for NRIs looking for long-term wealth creation.

...Read More

3
3

Savings Plans

Savings plans are ideal for NRIs who want to build a corpus for their financial goals. These plans help inculcate disciplined savings habits and offer guaranteed returns. NRIs can choose from various savings plans that suit their risk appetite and investment horizon. These plans also offer tax benefits, making them a tax-efficient way to grow wealth.

...Read More

4
4

Retirement and Annuity Plans

Retirement and annuity plans are essential for NRIs to secure their post-retirement life. These plans provide a regular income to meet financial needs when they are no longer earning. NRIs can choose from various retirement and annuity plans that offer guaranteed income, flexibility in regular payouts, and tax benefits. It is crucial for NRIs to start planning for retirement early to enjoy a comfortable and financially independent future.

...Read More

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5

Child Plan

A child plan is designed to secure the future financial needs of the investor’s children, such as education and marriage expenses. NRIs can invest in child plans that provide a lump sum amount or regular payouts when the child reaches a specific age. These plans also provide life coverage to ensure the child's financial security in case of any unfortunate event. NRIs can choose the policy tenure and premium amount based on their child's future goals.

...Read More

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6

National Pension Scheme

The National Pension Scheme (NPS) is a government-backed retirement savings scheme that offers attractive investment options to NRIs. NRIs can contribute towards their retirement corpus and enjoy tax benefits. NPS provides the flexibility to choose from various investment options, including equity and debt, based on the risk appetite and investment horizon. NRIs can also opt for a systematic withdrawal plan or purchase an annuity using their NPS corpus.

...Read More

7
7

Mutual Funds

Mutual funds are a popular investment option for NRIs looking for higher returns. NRIs can invest in mutual funds to diversify their portfolio and gain exposure to different asset classes like equity, debt, and hybrid. Mutual funds offer professional fund management, liquidity, and the flexibility to switch between funds. NRIs can choose from various mutual fund schemes based on their financial goals and risk appetite.

...Read More

8
8

Fixed Deposits

Fixed deposits are a secure investment option for NRIs who prefer stable returns and capital preservation. NRIs can open fixed deposit accounts with Indian banks and earn a fixed interest rate over a specified tenure. Fixed deposits provide guaranteed returns and can serve as a source of regular income. NRIs can choose from different types of fixed deposits, including non-residential external (NRE), non-residential ordinary (NRO), and foreign currency deposits.

...Read More

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9

Equity Investments

NRIs can invest in Indian equity markets to harness potential growth opportunities. Equity investments offer the possibility of higher returns but come with higher market-related risks. NRIs can invest in individual stocks or opt for equity mutual funds to diversify their portfolio. It is advisable for NRIs to invest in equity after thorough research and with the help of a reliable financial advisor.

...Read More

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10

Public Provident Fund or PPF

The Public Provident Fund (PPF) is a long-term investment scheme that offers guaranteed returns and tax benefits. NRIs can open a PPF account and contribute towards it to build a retirement corpus. PPF accounts have a lock-in period of 15 years and provide a fixed interest rate. NRIs can make contributions in Indian rupees, and the maturity proceeds are tax-free. PPF is a low-risk investment option for NRIs.

...Read More

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11

Bonds

Bonds are fixed-income instruments that offer regular interest payments and return the principal amount at maturity. NRIs can invest in government bonds or corporate bonds, depending on their risk appetite. Bonds provide a predictable income stream and can be held till maturity for maximum returns. NRIs should consider the credit rating and interest rate of different bonds before making investment decisions.

...Read More

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12

Non-Convertible Debentures (NCDs)

Non-Convertible Debentures (NCDs) are debt instruments that are issued by corporations to raise funds from investors. NRIs can invest in NCDs to earn regular interest income and enjoy higher returns compared to traditional fixed deposits. NCDs come with different tenures and offer various interest payment options. NRIs should carefully evaluate the creditworthiness and credibility of the company before investing in NCDs.

...Read More

Why Is Investing in India a Good Option for NRIs?

India’s rapid economic growth has made it a good option for NRI investments. Let’s better understand why investing in India is a good idea for NRIs:

Rapid Economic Growth

Rapid Economic Growth

India has consistently ranked in the top five fastest-growing economies in the world ^^. It offers investors growth opportunities, making it a good option for NRIs.

Better Returns

Better Returns

India's diverse investment options, including mutual funds, stocks, IPOs, bonds, and real estate, along with its stable economic growth and reduced market volatility, make it an appealing investment destination for NRIs seeking higher returns compared to their countries of residence^^^.

 

Financial Safety

Financial Safety

Many NRIs have family members and loved ones in India. Investing in India helps them provide financial security for their loved ones.

Tax Benefits

Tax Benefits

Depending on taxation policies abroad, investing in India could mean NRIs can take advantage of lower tax rates on investment income. NRIs also can avail the benefit on Double Taxation Avoidance Agreement (DTAA) entered between India & their country of residence in order to avoid the levy of tax in both the countries.

Tax benefits of Rs. 1,50,000 can also be availed u/s 80C# if investment is made towards Life Insurance plans. One can also be benefited for tax exemption u/s 10(10D)# on maturity pay-outs received under various life insurance plans, subject to conditions stated in the income tax provisions.

How Can NRIs Invest in India?

NRIs need to follow a few steps to invest their funds in India.
1
1

Apply for a Permanent Account Number (PAN)

Before opening a bank account, NRIs must apply for a PAN. The PAN will also help NRIs invest in India.

...Read More

2
2

Open an NRE or NRO Bank Account

Banks in India allow NRIs to open Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts. Each type of account serves a different purpose. NRE accounts only allow foreign currency credits while NRO accounts allow both foreign currency credits from overseas and local credits in Indian Rupees. NRIs can choose which type of account to open based on their financial needs.

...Read More

3
3

Complete the KYC Documentation

While opening a bank account, NRIs must fulfil certain Know Your Customer (KYC) requirements. They must provide identity and address proof to meet these requirements.

...Read More

4
4

Select the Required Investment Plans

Next, NRIs must select the investment plan they want to fulfil their future financial goals. They can choose between ULIPs, savings plans or retirement plans.

...Read More

5
5

Comply with Rules and Regulations

Once NRIs start investing, they must understand the tax implications to avoid defaults or penalties. They might have to consider tax laws in India and their country of residence. Ideally, NRIs should consult tax advisors to make informed decisions.

...Read More

Eligibility Criteria for NRIs to Invest in India

Eligibility Criteria for NRIs to Invest in India

Individuals must meet certain criteria to maintain their NRI status. Individuals are considered NRIs if they:

  • Do not reside in India for more than 182 days in a previous year.
  • Have not resided in India for 60 days or more in the previous year and for 365 days or more during four years immediately preceding the previous year.

 

Additionally, to start investing, NRIs must:

  • Be between the ages of 18 and 60
  • Have a valid PAN card


If not available, then submit Declaration in lieu of PAN card in company format stating that customer is not a tax resident of India.

  • Have an NRE or NRO account to transfer funds

FAQs on NRI Investments in India

1 What are the investment options for NRIs in India?

NRIs in India can invest in ULIPs, savings plans, retirement plans or term insurance policies. Additionally, they can explore financial tools like fixed deposits to build a corpus in India.

2 Can NRI invest in SIP in India?

Yes, NRIs (Non-Resident Indians) can invest in SIPs (Systematic Investment Plans) in India. They will need an NRE or NRO bank account and have to comply with FEMA regulations.

3 What are the investment plans offered by HDFC Life?

HDFC Life offers several investment options for NRIs, including ULIPs like HDFC Life Smart Protect Plan, term plans like HDFC Life Click 2 Protect Super, savings plans like HDFC Life Sanchay Plus, and pension plans like HDFC Life Systematic Retirement Plan.

4 Is it a good idea to invest in India as an NRI?

Yes, it is a good idea for NRIs to invest in India as they can benefit from one of the world’s fastest-growing economies, potentially higher interest rates and multiple investment options.

5 Which income types of NRIs are taxable in India?

 NRIs must pay tax on  all income earned in India. They must pay taxes on investment returns and income earned through real estate rental. Additionally, NRIs may have to pay taxes on long-term and short-term capital gains earned through the sale of assets in India.

6 What are the documents required for NRIs to invest in India?

To invest in India, PAN card is mandatory. If PAN card is not available, then submit Declaration in lieu of PAN card in prescribed format stating that customer is not a tax resident of India. 

For Identity & Address proof, NRIs can submit anyone of the acceptable documents as stated below or equivalent to the same such as Passport, Permanent Driving License, Voter's ID card, Aadhaar. 

They may need additional documents depending on their investment plan requirements

7 Are there any tax benefits for NRIs investing in India?

NRIs can avail of various tax deductions, including those under Section 80C# of the Income Tax Act, 1961 under which tax deduction of Rs.1,50,000 can be availed on investments made in life insurance plans. Also, they can claim tax exemption u/s 10(10D)# on maturity pay-outs on life insurance policy claims subject to conditions mentioned in the Income Tax Act. Interest earned on NRE accounts are tax free.  NRIs can also avoid double taxation under the Double Taxation Avoidance Agreements (DTAA) when they claim tax credits for taxes paid in India while filing income tax in their country of residence.

8 What are the different types of NRI investment plans available in India?

NRIs have several investment options in India. They can choose to invest in savings plans, ULIPs, retirement plans, and more

9 Is a PAN mandatory for NRIs to invest in India?

NRIs must have a PAN if they have source of income from India, own land in India, or want to invest in certain types of investment policies in India. Each NRI should check the conditions for their chosen investment policy.

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Disclaimer

1. Provided all due premiums have been paid and the policy is in force.

3. Provided all due premiums have been paid.

5. This feature is available in select products under the savings category. Please read the product brochure of your selected product to know the details.

6. In the case of Joint Life annuities the payout continues till either of the lives chosen in the policy is alive.

8. The age mentioned is the age as per the last birthday.

12. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options

17. Quantum of benefits is guaranteed irrespective of the experience.

# Tax benefits & exemptions are subject to conditions of the Income Tax Act, 1961 and its provisions.Tax Laws are subject to change from time to time.The customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.

* Available under Life & Life Plus plan options

^^ Source: cleartax.in

^^^ Source: india-briefing.com

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