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Term Insurance for NRIs in Singapore

When Indians look beyond borders to find a place that balances opportunity with quality of life and stability, Singapore stands as one of the popular choices. Additionally, what truly sets Singapore apart is its unique blend of Eastern values and Western efficiency. Therefore, making it a place where you don't simply work but belong. In addition to that, Singapore offers top-class infrastructure, safety and well-being, a business-friendly environment, and a strategic location, making itself an attractive spot for almost everyone, be it families, investors, or entrepreneurs. Perhaps these are some of the reasons why there are around 3.5 lakh NRIs in Singapore.¹¹ Read More

However, be it resident Indians or NRIs in Singapore, one thing that is common between them is their robust belief in securing the needs of their loved ones against unforeseen life events. Therefore, if you're an NRI in Singapore looking to financially secure the future of your family and loved ones, consider availing a term insurance plan. With this simple and affordable way to get life insurance, you can ensure the protection of your loved ones, irrespective of where you are.

Read on to learn and understand how term insurance for NRIs in Singapore can be a wise financial decision.Read Less

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

Zero Commission^$

Tax Benefits upto ₹46,800^##

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^^,$,## T&C apply |BJAZ-WB-EC-10326/24

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

Upto 16% Discount

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 Singapore
How does term insurance for NRIs in Singapore work?
Reasons to Buy Term Insurance for NRIs in Singapore
Features of Term Insurance for NRIs
Documents required for term insurance plan
Eligibility criteria for buying term insurance plan for NRIs in India
How do you purchase term insurance for NRIs in India?
Why Bajaj Allianz Life Insurance ?
FAQs

Types of Term Insurance Plans Available to the NRIs of Singapore

For NRIs in Singapore, term insurance from India is much more than mere financial security. In fact, it is also about accessibility to a wide range of policy options available. Understanding the different types of term insurance plans helps you make informed choices as per your requirements, financial goals, and commitments. Here are some of the term insurance plans available to NRIs in Singapore.

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

The following types of plans are available:⁴

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 tenure 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 Singapore work?

Term insurance for NRIs works very similarly to term policies for residents. Until you keep paying your premiums on time, your policy remains valid. The premiums on term insurance for NRIs in India are comparatively lower than in other countries especially for younger and healthier NRIs¹². Plus, the easy and convenient payment option, make it accessible and affordable for a wide range of people. Furthermore, term insurance for NRIs in Singapore is customizable, similar to the benefits available to resident Indians, meaning one may choose a tenure and add riders as per their needs.

The term insurance for NRIs has certain key components that can affect coverage and the premium. 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 in the selected frequency. NRIs in Singapore can pay the premiums through direct bank transfers using NRE or NRO bank accounts in the form of 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 Singapore

While NRIs are working hard in a foreign land, the emotional connection to their families and loved ones in India is unshakeable. With their families growing older and new health challenges every day, term insurance in India stands to be quite important.

Here are some compelling reasons to buy term insurance for NRIs in Singapore.

Cost-effective Policies

One of the prominent reasons why more and more NRIs are favouring term insurance in India is because of their affordable rates. The cost-effective policies ensure you secure the financial needs of your family and loved ones without breaking the bank. For instance, term insurance in India is around 30%-50% more economical than term insurance in other countries like Singapore, UAE, etc.⁸
Wide and Flexible Coverage

Term insurance in India is of several types, offering a wide range of benefits and coverage for NRIs. Starting from a basic level to higher coverage, you may choose a policy as per your financial goals and requirements. Additionally, the policies in India are not designed with limiting terms when compared to the other countries. Instead, generally, these come with wide coverage that can also be extended for a certain period.⁸
Optional Riders

Further, there are a variety of optional add-ons that may be included in your term insurance policy to make it more comprehensive. For instance, add-ons like critical illness benefit rider, accidental death benefit rider, etc, can be considered.
Worldwide Support

Many insurance companies have online facilities and help desks that can come in handy, assisting you while raising a claim, for claim settlement, and other queries.
Remote Check-Ups

With term policies in India, you may easily get coverage of up to ₹5 crores with convenient medical check-ups. Therefore, eliminating the hassle of physical visits.⁸
Tax-Saving Benefits

Further, NRIs in Singapore also get to have tax-saving benefits on term insurance in India. For instance, the premium payments are eligible for tax deductions under section 80C of the Income Tax Act of 1961 (under old tax regime). The sum assured is tax-exempted under 10(10D) of the IT Act. Further, NRIs also qualify for an 18% GST exemption, which is generally made on term insurance.⁸

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, country of residence etc.
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^[6].

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
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 in case of GST waiver benefit required.

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 do you purchase term insurance for NRIs in India?

The past few years have transformed the insurance industry in the country. From the way you buy life insurance to how it can be claimed, everything has been simplified. NRIs living in Singapore 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 Singapore 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 cash, 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 eligibility criteria for buying term insurance in India for NRIs in Singapore?

The eligibility criteria to buy a term insurance plan in India for NRIs in Singapore can differs for different companies. However, there are some factors related to age, income etc. For instance, the minimum age for obtaining a term plan is generally 18 years old. However, the maximum age may range between 55-60 years old, depending on the policy type and other related factors.⁹

2. What are the documents required for term insurance for NRIs in Singapore?

Here is the list of some of the common documents required for term insurance for NRIs in Singapore:⁹

Duly filled proposal form
Income proof
Proof of age
Medical report
A valid copy of passport
NRI and foreign travel questionnaire
FATCA/CRS declaration with Tax Identification Number (TIN) of the country of residence or equivalent details
Additional documents as asked

3. What is the payment option available for buying term insurance for NRIs?

For the policies issued in Indian currency, the premium payments can be made using a Non-resident Ordinary Account (NRO). Additionally, if it was issued through foreign currency, premium payments can be made using NRE, SWIFT transfer, FCNR account, or an international credit card.⁷

4. Are there any tax benefits on buying term insurance for NRIs in Singapore?

Yes, there are tax benefits on term insurance for NRIs in Singapore. For instance, for policy premiums, a tax deduction of up to ₹1.5 lakhs can be claimed under section 80C of the Income Tax Act, 1961 (under old tax regime). Additionally, the premiums of these policies are subject to 18% GST. However, NRIs can claim a refund on this amount by simply submitting their NRI status. Further, the sum assured or death benefit is tax-free under section 10(10D) of the IT Act, 1961.¹⁰

Read All

Sources:

Term Insurance Guide

Videos
Articles
Calculators
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Get to know your Financial Fitness Score by answering few simple questions.

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Use our immunity calculator to find out your immunity score in just a few clicks!

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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-15396/25

^*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 Singapore

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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%^^^

Frequently Asked Questions

1. What are the eligibility criteria for buying term insurance in India for NRIs in Singapore?

2. What are the documents required for term insurance for NRIs in Singapore?

3. What is the payment option available for buying term insurance for NRIs?

4. Are there any tax benefits on buying term insurance for NRIs in Singapore?

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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%^{^^^}