The life insurance policy purchased in India will cover death that occurs anywhere in the world. The life insurance policies taken as a resident in India can continue even after moving abroad and becoming an NRI. It is not necessary to submit below documents but helpful in case of claim.
Things to Do:
What are the rules regarding death and maturity proceeds?
1. If policy was taken before becoming NRI, this does not affect the status of the policy and the proceeds remain repatriable to the extent of premium paid in foreign currency in relation to the total premium paid.
2. If premiums are paid fully in Indian rupees through the NRO account, the death or maturity proceeds will not be repatriable.
Things to take care
1. Policyholder has to submit NRI Questionnaire form each for the policies belongs to each Branch (If they are brought from different branch).
2. Submitting NRI Questionnaire is not mandatory but recommended and helpful in quick claim settlement.