NRI Section

Invest in Your Future with ICICI Prudential Life

Wherever you are in the world, your heart remains tied to India. At ICICI Prudential Life, we understand this deep connection and offer investment solutions tailored to your unique needs. Whether it's protecting your family, growing your wealth, or securing your retirement, our plans are designed to help you stay connected to what matters most.

How You Can Secure what Matters Most

We understand the importance of securing your family’s future while building wealth for life’s big milestones, such as your child’s education or a family wedding. Our solutions balance today’s priorities with tomorrow’s dreams, empowering you to stay connected and take care of what truly matters—your loved ones.

protect your family

Protect Your Family

grow your wealth

Grow Your Wealth

stay connected

Stay Connected to Your Roots

Why Choose to Invest in India?

India: A Smart and Meaningful Choice

Why Choose ICICI Prudential Life?

Tailored Solutions with Peace of Mind

1. Quick & Easy Onboarding
2. Hassle-Free Claim Settlement
3. Convenient Management

Our Comprehensive Plans: One Solution for Every Need

With ICICI Prudential Life as your trusted partner, you can protect your family, grow your wealth, and stay connected to India, no matter where life takes you.

Protection

Secure your family’s future with high-coverage term plans offering flexible payouts.

Savings

Build and grow your wealth with plans designed to maximize returns while keeping your investments safe.

Retirement

Plan for steady income and peace of mind during your golden years, whether you’re in India or abroad.

The NRI Knowledge Series

Your Guide to Investing in India

Explore our exclusive explainer videos to learn how ICICI Prudential Life’s solutions can secure your family's future. Stay informed, empowered, and ready to make confident decisions for your investments.

1. Who is a Non- Resident Indian (NRI)?

An individual is said to be Non-resident in India, if he does not satisfy any of the below condition

  • a) he is in India in that year for a period of 182 days or more OR
  • b) within the four years preceding that year been in India for a period of 365 days or more and for a period of 60 days or more in that year#

#Note: For more details on residential status please refer provisions of The Income Tax Act 1961 and FEMA,1999

2. Why is life insurance important for NRIs?

Life Insurance is important for NRI as it ensures that their family’s financial goals and well-being are secured in case of an unfortunate event, even if they are not physically present in India.

3. Can NRIs buy life insurance in India?

Yes, NRI customers can buy life insurance in India, whether it’s a pure term insurance policy, savings, unit linked Insurance policy, or any other type offered by Indian insurance companies subject to the insurer’s underwriting policy.

4. What are the eligibility criteria for NRIs to buy life insurance in India?

Eligibility criteria can vary by insurer, but generally, NRIs must:

  • Be an Indian citizen or a person of Indian origin
  • Have a valid passport
  • NRI should be from a country approved by the insurer for the product opted.
  • Provide proof of residence in the residing country and other relevant documents.
5. Are NRI from all countries allowed?

NRIs from Standard and non-standard countries are allowed with maximum sum assured limit, subject to underwriting guidelines.

6. What is the meaning of standard country?

Standard countries – The term, "standard countries" in life insurance refers to countries that are considered to have a low mortality risk for insurance purposes. Classification of such countries may vary between insurers and change over time due to shifting global conditions. These countries typically have:

  • Low Mortality Rates
  • Stable political and economic environments
  • Good healthcare systems
  • Low incidence of infectious diseases

Note: - All products & riders have a different list of standard countries. Standard/approved list of countries are dynamic in nature. Policies from any countries (including standard countries) may be postponed due to any ongoing epidemic, natural calamities, war like situation, etc.

Non-standard countries - The term "nonstandard countries" in life insurance refers to countries that are considered to have a higher mortality risk profile compared to standard countries. These countries may have:

  • Higher mortality rates
  • Unstable political or economic environments
  • Poor healthcare systems
  • Higher incidence of infectious diseases
  • Higher crime rates
  • Natural disaster-prone areas
  • War or war-like situation
7. How is financial eligibility of NRI calculated?

Financial eligibility is calculated based on earned income and standard income proof by using multiple factors for age and income.

8. What is the difference between NRI/OCI/PIO?

NRI : An individual is said to be Non-resident in India, if he does not satisfy any of the below condition

  • c) he is in India in that year for a period of 182 days or more OR
  • d) he is in India in that year for a period of 182 days or more OR

#Note: For more details on residential status please refer provisions of The Income Tax Act 1961 and FEMA,1999

OCI/PIO :

A foreign national, who was eligible to become a citizen of India on 26.01.1950 or was a citizen of India on or at anytime after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grand children, is eligible for registration as an Overseas Citizen of India (OCI). Minor children of such person are also eligible for OCI. However, if the applicant had ever been a citizen of Pakistan or Bangladesh or any such country notified, he/she will not be eligible for OCI.

Note: For more elaborate definition, please refer provisions of Citizenship Act of 1955.

9. Is there any difference in documentation requirement for NRI/ PIO/ OCI? Please specify it.

Yes, NRI customers can buy life insurance in India, whether it’s a pure term insurance policy, savings, unit linked Insurance policy, or any other type offered by Indian insurance companies subject to the insurer’s underwriting policy.

  • If they have a permanent address in India.
  • If they have been filing ITRs in India for last two years.
10. What is the maximum Sum assured that is allowed?

For term plans the max sum assured offered for standard countries and Non-standard countries, subject to Underwriting guidelines. For Savings plan there is no restriction on cover, provided the customer falls within the specified age bracket and Total sum assured, subject to underwriting guidelines. For knowing the exact cover eligible for along with other terms and conditions, we would request you to contact our insurance advisor /Sales team/Channel partners.

4. What are the eligibility criteria for NRIs to buy life insurance in India?

Eligibility criteria can vary by insurer, but generally, NRIs must:

5. Are NRI from all countries allowed?

NRIs from Standard and non-standard countries are allowed with maximum sum assured limit, subject to underwriting guidelines.

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