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Term Insurance for NRIs in Saudi Arabia

According to a report by the Economic Times, around 25.9 lakh³ NRIs live in Saudi Arabia. The reason behind such a huge population residing in the country is multi-faceted. For instance, Saudi Arabia’s economic conditions, the need for skilled labour, tax-free income⁴, and more have always been an appealing factor for a large number of Indian migrant workers. Read More

As the world is becoming more globalised, Indians continue to move abroad and work in different countries for a variety of reasons, including work and higher education. However, with this shift, they might have to take on new financial roles and responsibilities. With this, life insurance plans become quite an effective tool for NRIs for financial planning.

As an NRI in Saudi Arabia, such plans can help you safeguard your loved one’s back home. They also give you the peace of mind that even if things go wrong, they will have some financial back-up to rely on. Further, other features like accessibility, affordability, extended coverage, etc, have been some of the crucial factors leading to a surge in NRIs favouring term insurance plans in India. Read Less

Health Management Services upto ₹36,500p.a.^{^^}

Zero Commission^$

Tax Benefits upto ₹46,800^##

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Term Plan @ ₹21/Day^* 200% Premium Back

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Term Plan @ ₹15/Day^* 200% Premium Back

Tax Free Returns^

Guaranteed* Returns Plans 100% Guaranteed* Returns

Life Cover

Savings Plan Avail Tax Benefits*

From ₹3000/ Month

26.7% CAGR Returns* Zero LTCG Tax*

From ₹ 3,000/Month

ULIP Plans Loyalty Additions¹

Keep these Documents Handy
Photo	Colored Photo
PAN Card	PAN Card/ Form 60
Age proof (Any one)	Passport Aadhar card Driver’s License Birth Certificate Baptism Certificate of PAN card
Income documents (Any one)	Last 6 months Bank statement with salary credit Form 16 Last 3 years ITR with Computation of Income (COI) Last 3 months salary slip + Last 6 months bank statement showing salary credited
Address proof/ID proof (Any one)	Passport Aadhar card Voters ID Driver’s License

^*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V04) considering Male aged 22 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 18,038. 2nd Year onwards premium Rs. 19,257. Total Premium Paid is Rs. 5,76,491 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage: 55) | Premium shown above is inclusive of Online Discount only 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 carefully before concluding a sale. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

^**The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

^##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.

^{^^}Get Free Benefits up to ₹ 14,000 per year

S No.

Value Added Service

Frequency

Cost (₹)

Doctor Teleconsultations

Consultation per month
= 24 consultations per year

Average cost per session = ₹500
Total cost per year = ₹500 * 2 * 12 = ₹1200

Network Discounts
Medicines (M) - 10%, Lab Booking (L) - 10%,
In-Patient Hospitalization (P)- 5%,
Out-Patient Consultation (O) - 10%

Throughout the year

Assumption - Total Expenses of these throughout the Year	Total Discounts that can be availed throughout the year
M - ₹5,000	₹500
L - ₹5,000	₹500
O - ₹5,000	₹500
P - ₹10,000	₹500

Total per year as per assumptions

₹ 14,000

Note: The above mentioned costs are based on estimated average market price for respective services.

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

Written ByShruti Gujarathi

AboutShruti Gujarathi

Shruti Gujarathi has 5 years of experience in the BFSI sector, and as Manager – Digital Marketing at Bajaj Allianz Life Insurance, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years, with deep expertise in insurance domain.

Reviewed ByRosy Pathak

AboutRosy Pathak

Rosy Pathak, AVP- Product and Brand Marketing at Bajaj Allianz Life Insurance carries over 17 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.

Types of Term Insurance Plans Available to the NRIs of Saudi Arabia
How does term insurance for NRIs in Saudi Arabia work?
Reasons to Buy Term Insurance for NRIs in Saudi Arabia
Features of Term Insurance for NRIs
Documents required for term insurance plan
Eligibility criteria for buying term insurance plan for NRIs in India
How to purchase term insurance by NRIs in India?
Why Bajaj Allianz Life Insurance ?
FAQs

Types of Term Insurance Plans Available to the NRIs of Saudi Arabia

As mentioned, NRIs in Saudi Arabia choose term insurance plans in India for several reasons. Some of those are affordable premiums, wide coverage and more. NRIs in Saudi Arabia now may also choose from a variety of term insurance plans, based on their financial goals and needs. Designed for affordable financial protection, these policies are designed with attractive features.

Note: Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) can use life insurance to ensure their loved ones in India stay financially secure.

The following types of term insurance plans are available:¹

Level term plans – these are the basic term plans where the sum assured remains constant throughout the policy term.
Increasing term plans – under these plans, the sum assured increases during the policy term either by a specified percentage or by a specific amount.
Decreasing term plans – under these plans, the sum assured reduces during the policy term. These plans are usually issued with loans wherein the decreasing sum assured corresponds to the decreasing value of the outstanding loan amount.
Term plans with return of premium – normal term insurance plans usually do not pay any benefit if the policy term expires and the life assured is alive. However, under these plans, the premiums paid during the policy term are refunded back on maturity.

How does term insurance for NRIs in Saudi Arabia work?

The basics of buying term insurance for NRIs in Saudi Arabia, remain almost the same as in India. Once you apply for the policy, it needs to be approved by the underwriter. Once the same is approved, you need to complete the KYC, medical screening (if needed), and pay premiums, your policy coverage will begin. Depending on the type of term insurance plan you have chosen, your insurance company will offer you coverage. Just like term insurance for Indians, there are certain factors that affect the coverage for NRIs in Saudi Arabia.

Here are some of the key aspects of term insurance for NRIs in Saudi Arabia.

These include:

The sum assured
Policy term
Premium paying term
Premium paying frequency
Optional riders, if any

Based on these details, your age and other risk factors, the premium is determined. You pay the premium over the chosen premium paying term and at the selected frequency. NRIs in Saudi Arabia can pay the premiums through direct bank transfers using NRE or NRO bank accounts or through Foreign Bank account via SWIFT transactions.

During the policy tenure, if the life assured passes away, the death benefit is paid. On the other hand, if the policy matures and the life assured is alive, no maturity benefit is paid. However, if you have opted for the return of the premium term plan, your premiums will be refunded on maturity.

Reasons to Buy Term Insurance for NRIs in Saudi Arabia

The global trends in recent years reflect the surge in demand for term insurance for NRIs. The recent pandemic has been an alarming call for everyone to understand the importance of life coverage and a financial net in tackling emergency situations. Coupled with affordable premiums, the ease of buying term insurance has added to its popularity.

Here are some reasons why you should consider buying term insurance for NRIs in Saudi Arabia.

To Ensure Financial Safety and Stability for Beneficiaries

The primary aim of a term plan is to ensure your loved ones are not left in a financial crunch even if you are no longer around. The death benefit offered helps the nominee deal with the financial loss that would have to be suffered with the death of the primary earner. The term plan ensures your family does not have to compromise their quality of life in your absence.
Tax-Saving Benefits

Additionally, NRI term insurances also qualify for tax-saving benefits. For the premiums paid on your policy, you are eligible for tax deductions of up to Rs.1.5 lakhs under 80C of the Income Tax Act of 1961, under old tax regime. Additionally, the death benefit or the sum assured passed on to the beneficiary is tax-free as per section 10(10D).
Competitive Premiums

NRIs in Saudi Arabia can choose the best plan at quite competitive prices, allowing you to choose financial stability without stressing your pockets.
Flexibility in Payouts

With term insurance plans, there is flexibility in the payout options. Based on your family’s needs and requirements, you can choose a one-time lump-sum payout or periodic payment subject to the option availed in the policy.
Worldwide Coverage

With term insurance for NRIs, you get worldwide coverage. This means your policy remains valid no matter where you are. Therefore, it helps you have peace of mind in securing your family and its needs irrespective of your location and place of residence.

Note: If you have or are planning to relocate from Saudi Arabia to another country, make sure you inform your life insurer about the same.
Add-ons

Term insurance in India typically offer a variety of add-ons which are available at nominal additional premium , such as accidental death benefit rider, critical illness benefit rider , etc, to widen the coverage.

Features of Term Insurance for NRIs

Some of the salient features of term plans are as follows –

NRIs can choose an optimal coverage based on their needs.
The premium that you pay depends on several factors, including the coverage you opt for, your age, medical history, add-ons that you choose, and country of residence.
A long-term policy tenure is allowed for maximum protection. Some term plans might also offer the whole life feature wherein the coverage runs up to 99 or 100 years of age.
You can choose to pay the premium regularly, for a limited tenure or in one lump sum.
The available premium payment frequency includes annual, monthly, quarterly, or half-yearly.
Optional riders are available at a nominal additional premium and can be added to the policy either at the time of purchase or on subsequent renewals.
Some term plans might also allow you to increase the sum assured on specific events like marriage and childbirth. This helps you enhance the coverage to meet the increased financial responsibilities^[2].

Documents required for term insurance plan

Most of the documents required for buying a term insurance plan are similar for resident Indians and NRIs. However, some additional documents might be needed for NRIs. The common documents include the following –

Completely filled Proposal form
A valid passport copy
Age proof, Valid KYC documents, PAN/Form 60
NRI & Foreign Travel Questionnaire
FATCA/CRS declaration with Tax Identification Number (TIN) of the country of residence or equivalent details
NRE bank statements & standard income documents are subject to the requirement
Supporting documents.

Note: Individuals and businesses earning income from abroad can claim tax relief under the Double Taxation Avoidance Agreement (DTAA). For this, you need to fill in Form 10F and submit it with a Tax Residency Certificate.

Eligibility criteria for buying term insurance plan for NRIs in India

NRIs have to qualify for the eligibility parameters specified by the insurance company to buy a term insurance plan in India. Some of the common eligibility parameters for buying a term insurance plan are as follows –

Age – There is a minimum and maximum age bracket for buying term plans. NRIs falling within this bracket can buy the policy.
Income – NRIs should have a steady source of income to pay the premium of the policy.

How to purchase term insurance by NRIs in India?

The insurance landscape in India has undergone a major makeover in recent years. Whether it’s purchasing a life insurance policy or filing a claim, the entire process has become far more user-friendly and streamlined. NRIs who live in Saudi Arabia have the option to buy a term insurance policy in India either online or offline. They will have to send the relevant documents through mail to the insurance company,

They can undergo medical tests at the available medical facility in Saudi Arabia and share the reports over mail, or undergo telemedical as required by the insurer. Physical and video options are allowed in India as well as outside India.

To pay the premium, you can make the payment in cheque or demand draft when you are in India. Alternatively, you can also make online payments to buy the plan. The premium has to be paid in Indian Rupee (INR). As such, you should have an NRO or NRE Bank Account in India for premium payments.

99.29%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

Stable Rating by CARE^$$

₹1,23,734 Cr

Assets Under Management (AUM)^***

3.85 Cr

Number of Lives Covered^##

359%

Solvency Ratio of 359%^{^^^}

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 are the benefits of buying term insurance in India for NRIs in Saudi Arabia?

There are several benefits of having term insurance for NRIs in Saudi Arabia. Some of these include financial stability for the loved ones, flexibility in payout of the sum assured, tax-saving benefits, affordable premiums and so on.

2. Are term insurances valid after moving abroad?

Typically, yes. Your term insurance is valid even after you move abroad. However, the coverage may depend on the terms and conditions of your particular policy. Make sure you inform the insurance company about your relocation and continue paying your premium on time as mentioned in the policy.

3. Does the term insurance for NRIs in Saudi Arabia work differently?

Typically, no. The term insurance for NRIs in Saudi Arabia works very similarly to the term insurance for residents in India. Features like financial protection in case of untimely demise, policy premiums need to be paid on time, and the factors affecting the sum assured are mostly the same subject to specific policy terms and conditions.

4. Are NRIs in Saudi Arabia eligible to buy term insurance in India?

Yes, NRIs, including those living in Saudi Arabia, are eligible to buy term insurance in India. You may choose from a variety of term plans available , based on your financial needs and goals. With term insurance, you can choose financial stability for your family even if you are planning to move abroad.

Read All

Reference:

Term Insurance Guide

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Reviewed by Life Insurance Experts

Bajaj Allianz Life is a trusted insurance partner

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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Disclaimers:

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.

BJAZ-WP-ECNF-15397/25

^*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Female 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. 4,551. 2nd Year onwards premium Rs. 4,934. Total Premium Rs. 1,47,637 | 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

^{^^}Get Free Health Management Services upto Rs. 36,500 per year for women

Health Management Services for Women
Service	Frequency	Cost (₹)
Comprehensive Health Check-Up: - Cancer Screening - Diabetic, Thyroid, Lipid profile tests - Calcium Serum test - Complete Blood Count test	1 per year	₹ 3,500
OPD^^ in-clinic consultations (Specialist doctors like Gynaecologist, Obstetrician, Dermatologist, Paediatrician, Orthopaedic & General Physician) ^OPD = Outpatient Department	1 per year	₹ 1,000
Pregnancy OPD^ wallet (OPD^ benefit worth ₹ 2,000 unlocked in case of pregnancy)	Once during policy term	Not considered in yearly cost since this is available once during policy term
Doctor Insta-Consultations
Health Coach (Diet & nutrition consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Emotional Wellness (Psychologists consultations)	1 consultation per month = 12 consultations per year	Average cost per session = ₹ 500 Total cost per year = ₹ 500 * 12 = ₹ 6,000
Network discounts: Medicines (M) - 10% Lab-test booking (L) - 10% Out-patient consultation (O) - 10% In-patient consultation (P) - 5%	Throughout the year
Assumption - Total expense on these services throughout the year	Total discounts that can be availed throughout the year
M = ₹ 5,000	₹ 500
L = ₹ 5,000	₹ 500
O = ₹ 5,000	₹ 500
P = ₹ 10,000	₹ 500
Total per year as per assumption		₹ 36,500

Note: The above mentioned costs are based on estimated average market price for respective services. T&C apply.

Doctor Insta-Consultations and Health Coach Services are unlimited and the above numbers are assumed only for the purpose of calculation of the yearly benefit.

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

^Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

¹Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

^#Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms . Subject to availability in Bajaj Allianz Life ULIP Plans. 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.

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

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. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. 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. 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.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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Claim Settlement Ratio of 99.29%^~

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Term Insurance for NRIs in Saudi Arabia

Types of Term Insurance Plans Available to the NRIs of Saudi Arabia

How does term insurance for NRIs in Saudi Arabia work?

Reasons to Buy Term Insurance for NRIs in Saudi Arabia

To Ensure Financial Safety and Stability for Beneficiaries

Tax-Saving Benefits

Competitive Premiums

Flexibility in Payouts

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Features of Term Insurance for NRIs

Documents required for term insurance plan

Eligibility criteria for buying term insurance plan for NRIs in India

How to purchase term insurance by NRIs in India?

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio~

Get 1 Day Claim Approval%

Stable Rating by CARE$$

Assets Under Management (AUM)***

Number of Lives Covered##

Solvency Ratio of 359%^^^

Frequently Asked Questions

1. What are the benefits of buying term insurance in India for NRIs in Saudi Arabia?

2. Are term insurances valid after moving abroad?

3. Does the term insurance for NRIs in Saudi Arabia work differently?

4. Are NRIs in Saudi Arabia eligible to buy term insurance in India?

Term Insurance Guide

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Term Insurance Eligibility Criteria - Explained

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Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$$

Assets Under Management (AUM)^***

Number of Lives Covered^##

Solvency Ratio of 359%^{^^^}