In India, the minimum age to purchase insurance for NRI is 18 years, and the maximum age is around 60-66 years.
Mandatory Documents Required
Eligibility Criteria for NRIs to invest in India
Age Limit
PAN Card Requirements
Applicant needs to have a PAN card (If not available, then they need to submit a declaration in lieu of PAN card, in company format stating that customer is not a tax resident of India.)
NRE/NRO Account Requirements
Applicant needs to have NRE or NRO account to transfer funds.
Residence status
The list of individuals mentioned below is eligible to purchase NRI insurance in India.
- Indian citizens with a valid passport who are temporarily residing or employed abroad are known as non-resident Indians (NRIs)
- Individuals of Indian descent (PIO) or Indian citizens living abroad (OCI): Citizens of foreign nations that satisfy the following requirements, excluding Bangladesh and Pakistan
> Formerly held an Indian passport
> Have parents or grandparents who were Indian citizens according to the Indian Constitution or the Citizenship Act of 1955
> Is the legal partner or spouse of an Indian national
Mandatory Documents Required
- Passport Size Photo
- In PAN card is unavailable, declaration in lieu of PAN card
- Clear copy of PAN card
Valid Passport Copy
Masked Aadhaar
Permanent Driving License
Voter ID Card
Form 16 / ITR
Bank statement
- Duly filled & signed form
Duly filled & signed NACH Mandate OR
Register on eNACH
- For Permanent Indian Address - Valid Passport Copy, Masked Aadhar, Permanent Driving License, Voter ID Card
- For Overseas address - Utility Bills (not more than 2 months old, Valid lease agreement, Valid merchant marine contract letter, Employer letter mentioning the address (not more than 2 months old), Document issued by FPRO (Foreigners Regional Registration Office) * subject to Indian address is mentioned as permanent address in application form with valid address proof document for Permanent address
- When application is submitted without the physical prsence of customer (Non Face to Face), only front & back side of valid passport image required
- When application is submitted in presence of customer (Face to Face), complete set of al pages of passport copy required with latest entry & exit date clearly visible
- Duly filled & signed questionnaire
Knowledge Centre
Onboarding Process Guide
Watch this video to understand how an HDFC Life policy is issued in a few steps. Faster, simpler, and hassle-free!
Medical Process Guide
A step-by-step video to help you schedule and attend a medical appointment!
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* As per audited annual statistics for FY 2023-24
^ As per IRDAI public disclosures for the year ended March 31, 2024
# As per HDFC Life Integrated Annual Report FY 2023 - 2024
ARN - DS/12/24/18761