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Life Insurance Plans for NRs in Qatar

Qatar is a country sitting on the north-eastern coast of the Arabian Peninsula, surrounded by desert, magnificent skyscrapers and an unparalleled infrastructure. The country has a vibrant population and NRIs form a major part. The wide array of economic opportunities and an upgraded lifestyle have attracted NRIs to Qatar for many years. However, despite settling in a different country, NRIs continue to have their bonds attached to India, either because of their loved ones, cultural significance or even economic opportunities. Read More

For NRIs living in Qatar, India appears as a promising and reliable market to invest their hard-earned money. Whether it is to grow wealth or create a safety net for loved ones, NRIs in Qatar turn to India. Amongst numerous other investments, NRIs purchasing life insurance in India is quite common. Living in a foreign land might come with unpredictability, but a robust life insurance plan, whether it is for securing children’s education in marriage, building a retirement plan, or a safety net for loved ones, is crucial. Let’s explore life insurance for NRIs in Qatar. Read Less

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Written ByPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry, with a strong understanding of the insurance sector.
Reviewed ByRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 08th June 2025
Modified on: 12th June 2025
Reading Time: 15 Mins
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What is a Life Insurance Plan?

In a nutshell, a life insurance plan is like a contract between the insurance provider and the policyholder to create a safety net for the insured’s loved ones in the event of the insured‘s death. A life insurance plan works on a simple rule: You pay a premium regularly, and in return, the insurer promises to pay a death benefit, subject to terms and conditions of the plan (lump sum or periodic payment depending on the option availed in the plan). Depending on the type of insurance plan and rider, the insured can enjoy multiple other benefits like tax deductions, market-linked returns, medical coverage for critical illnesses, etc.


For NRIs in Qatar, a life insurance plan serves as a safety net and peace of mind that their loved ones are protected and can continue their lifestyle even when the insured is not around.

Types of Life Insurance Plans in India

When it comes to choosing a life insurance plan, remember that the one-size-fits-all rule does not apply. Your financial goals, your family’s lifestyle and needs, risk tolerance, etc, are unique, and so has to be your life insurance plan. As an NRI living in Qatar, it is important to explore the different types of life insurance plans first before making a smart decision.


Here are the different types of life insurance plans in India [5] and [8]:


  1. Term insurance plan


    One of the basic life insurance plans that provides coverage for a fixed period. These plans usually don’t offer any maturity benefits, making them more affordable. However, if you choose the refund of premium option, the premiums paid are returned on maturity. Term plans provide life coverage and pay a death benefit if the life assured passes away during the policy term. NRIs in Qatar can also buy term plans in India at lower premiums and enjoy the benefit of rupee-based investments while protecting their families.


  2. Endowment policy


    This is a savings-oriented life insurance plan which covers the risk of premature demise and also has a maturity benefit. If the life assured passes away during the policy term, a death benefit is paid. On the other hand, if the life assured is alive when the policy matures, a maturity benefit is paid.


  3. Unit Linked Insurance Plan (ULIP)


    This plan offers dual benefits—life insurance coverage and wealth building. Premiums are split between life cover and investment, allowing the policyholder to participate in the financial market and earn market-linked returns. There are also the flexible benefits of partial withdrawals and switching. ULIPs are popular among NRIs as these plans allow investments in market-linked funds alongside providing life insurance cover and tax benefits under Indian tax laws.


  4. Money Back Policy


    Similar to an endowment policy, but with periodic payouts during the policy term. These survival benefits are distributed over the policy's duration.


  5. Whole Life Policy


    This insurance policy offers coverage for the life assured's entire life. The policy covers the life assured up to 99 or 100 years of age. In case of death during the coverage term, a death benefit is paid. However, if the life assured survives the tenure, a maturity benefit is paid.


  6. Child Plan


    Child plans secure a child's financial future and often include an inbuilt premium waiver, where the insurer covers premium payments if the parent passes away, ensuring the plan continues.


  7. Annuity/Pension Plan


    Annuity Plans accumulate premiums as assets and pay them out as regular income (annuity) or a lump sum after retirement, based on the policyholder's preferences.


Why Should an NRI in Qatar Buy a Life Insurance Plan?

Moving to a new country comes with impressive opportunities, but at the same time, it is paired with multiple responsibilities. As an NRI living in Qatar, you probably have responsibilities towards your loved ones that require you to make smart financial decisions. You can start by investing in a robust life insurance plan, and here’s why:


  • A Financial Safety Net


    A life insurance plan is designed to ensure that your loved ones in India, back at home, are protected against any unfortunate event. By promising a lump sum or periodic payment as a death benefit depending on the option availed in the plan, a life insurance plan eases the lives of your loved ones even when you are not around.


  • Impressive Tax Benefits


    As an NRI in Qatar, you can benefit from investments made in a life insurance plan. Typically, premiums paid towards life insurance plans come with impressive tax benefits in the form of deduction under section 80C of the Income Tax Act in case of old tax regime. While the death benefits are tax-free under section 10(10D) of the Income Tax Act, there are certain conditions that may apply to the maturity benefit.


  • Wealth Creation in the Long Run


    Life insurance plans like endowment plans, annuity or pension plans, unit-linked insurance plans etc. are worth exploring to align your long-term financial goals with your life insurance plan. Whether it is to create a sizeable corpus for the post-retirement life, supporting your child’s education or marriage or paying off a home loan, these life insurance plans have got you sorted.


Things to Know About a Life Insurance Plan for an NRI in Qatar

A life insurance policy is a wise step towards your and your loved ones’ well-being. However, as an NRI in the Qatar, when you are planning to buy a life insurance plan in India, you should keep the following things in mind:


  1. Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) can use life insurance as a way to safeguard the financial future of their loved one. There are various options that you can choose from.
  2. NRIs living in the Qatar can conveniently pay their life insurance premiums through direct bank transfers using their NRE or NRO accounts, or through Foreign Bank account via SWIFT transactions.
  3. As an NRI, the premium amount you pay will depend on a number of factors, such as the type of policy you choose, the coverage amount, your age and medical condition, country of residence, policy tenure, etc.
  4. You can make life insurance premium payments from anywhere in the world. All you need is an approved bank account with internet banking enabled. It's safe, simple and convenient.
  5. As an individual or business earning income from abroad, you can claim tax relief under the Double Taxation Avoidance Agreement (DTAA). You need to fill out Form 10F along with a valid Tax Residency Certificate (TRC).
  6. Your insurance company may require a medical screening before you buy the policy. Physical and video options are allowed in India as well as outside India.

Conclusion

In today’s time, life insurance is not just about creating a backup plan, but rather a necessity that protects your loved ones from an unfortunate event and brings peace of mind even when you are working in a foreign land. Regardless of where you are in the world, a life insurance policy takes care of your loved ones back at home.


In addition to building a safety net for your loved ones, there are life insurance plans that offer you multiple other benefits that you do not want to miss out on. As an NRI living in the Qatar, you can explore and find a suitable life insurance plan to live a peaceful life in any part of the world.

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.29%

Claim Settlement Ratio~

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AAA

Stable Rating by CARE$$

CARE Stable Rating
₹1,23,734 Cr

Assets Under Management (AUM)***

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3.85 Cr

Number of Lives Covered##

Number of Lives Covered
359%

Solvency Ratio of 359%^^^

Solvency Ratio
Claim Settlement Ratio 2024-25

 Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | ***All figures as on 31 March, 2025 | ^^^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | ##Individual and group, as on 31 March, 2025.

Frequently Asked Questions

1. What happens to my life insurance plan if I move to a different country from Qatar?

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If you choose to move to a different country from Qatar as an NRI, your life insurance plan remains the same. However, make sure to inform your insurance provider about the change of residence.

2. Can I purchase multiple life insurance plans as an NRI?

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Yes, you can purchase multiple life insurance plans as an NRI. Additionally, even if you have an existing insurance plan as an NRI in Qatar you can still purchase an insurance plan from India.

3. What are riders in a life insurance plan?

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Riders serve as additional coverage and benefits that you can enjoy on your existing life insurance plan. Riders under a life insurance plan typically include coverage for critical illness benefit ride , waiver of premium rider , accidental death benefit rider, etc, that you can choose from at a nominal additional premium , depending on your personal needs.

4. Are there any tax benefits for NRIs under a life insurance plan?

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Yes, as an NRI, you can enjoy tax benefits under section 80C of the Income Tax Act under old tax regime. Additionally, remember that the death benefit provided under a life insurance plan is typically tax-free according to section 10(10D) of the Income Tax Act.

5. As an NRI, how can I purchase a life insurance plan in India?

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You can purchase a life insurance plan in India just like Indian residents. However, there are certain prerequisites that you must fulfil, like digital verification, NRE or NRO account for premium payments, etc. Remember that some insurance companies also require you to undergo a medical examination that can be done at your place of residence.

Life Insurance Guide

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At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

^Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V03) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 5,118. 2nd Year onwards premium Rs. 5,548. Total Premium Rs. 1,66,010 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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*Premium revision is applicable throughout the policy term, premium payment term and sum assured combinations.

^The Premium prices listed above are the lowest available across all online channels/ platforms for the purchase of this specific version of the product. These rates are subject to input parameters& as required for policy issuance remaining consistent during comparison. No Staff/Partner discount&& can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of premium paid.&& Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members. &Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance

#5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility

BJAZ-WP-ECNF-15381/25

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