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Life Insurance Plans for NRIs in the UAE

Living abroad, especially in a country like the UAE, offers NRIs better career prospects, higher income, and exposure to new opportunities. However, these advantages also come with continued responsibilities back home. Many NRIs continue to support their families financially, pay for their children’s education, or manage property and long-term investments in India. Despite being miles away, these obligations remain constant. Read More

This is where life insurance plans for NRIs in the UAE can help you. A well-chosen policy provides financial protection for your dependents, helps cover long-term liabilities, and allows your family’s needs to be met even in your absence. It combines security, convenience, and long-term value.

If you are an NRI living in the UAE and want to secure your family’s future while managing your financial goals, read on to know how life insurance plans for NRIs in the UAE can help you stay financially protected and prepared. Read Less

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Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Life Insurance, 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 Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 10th September 2025
Modified on: 09th February 2026
Reading Time: 15 Mins
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What is a Life Insurance Plan?

A life insurance plan is a contract between you and your insurance company that provides financial protection to your family in the event of your demise during the policy term. You, the policyholder, pay premiums at fixed intervals, and in return, the insurer promises to pay a fixed sum, called the death benefit, to your nominee. The payout is typically through a lump-sum payment, periodic installments (like monthly or yearly), or a combination of both. Some plans also offer a maturity value if you outlive the term, making them useful for saving or investment goals.

Here, the policyholder is the person who owns the policy and pays the premiums. At the same time, the life assured is the person whose life is covered under the plan. In many cases, they are the same person, but there can also be a different scenario. For example, a spouse can buy a policy where the other partner is the life assured.

The type of plan, such as term, endowment, or ULIP, determines the nature of coverage and payout. This simple arrangement helps replace lost income and secure your dependents’ future. If you are living abroad, getting an NRI life insurance policy in the UAE is a practical way to keep your family in India financially protected while maintaining complete control over your policy from overseas.

Types of Life Insurance Plans in India

When it comes to life insurance, no two people have the exact same needs. Therefore, it is essential that you choose a life insurance plan that suits your needs and preferences, especially as an NRI in UAE. Here are the different types of life insurance plans in India1:

 

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 UAE 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.

Easy Steps for NRIs in the UAE to Buy Life Insurance

Buying a life insurance plan for NRIs in UAE is a straightforward and structured process that enables you to protect your family in India while you reside abroad. Here’s how you can complete the entire process digitally:

  1. Step 1 – Compare and Choose the Right Policy.

    Identify your financial goals, such as financial protection, savings, or market linked investment. Compare different plans such as term, endowment, and ULIP plans offered by Indian insurers. Focus on plans that provide global coverage, affordable premiums.

  2. Step 2 – Verify NRI Eligibility.

    Before applying, confirm that your residency and nationality meet the insurer’s eligibility criteria. Most Indian insurers accept applications from NRIs, Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) residing in UAE.

  3. Step 3 – Prepare Required Documents.

    Gather the essential identification and financial documents requested by the insurer. This includes submitting a duly filled proposal/application form along with the required declarations. Medical information or examination reports must also be provided if requested during the underwriting process.

  4. Step 4: Complete medical requirements (if needed)

    Medical tests can be conducted at approved centers in UAE, with reports sent directly to the insurer. Some insurers may offer telemedical assessments.

  5. Step 5: Review underwriting decision and proceed with premium payment

    After receiving the underwriting decision and final premium details for the selected life insurance plan, you can confirm the terms and make the premium payment. Payments can be made through NRE/NRO/FCNR accounts or permitted foreign remittance options.

  6. Step 6 – Receive Policy Confirmation.

    After the underwriting approval and successful payment of the premium, the insurer issues the policy documents. Once issued, the life insurance coverage applies worldwide, including UAE, and the policy benefits are payable in the currency specified in the policy document.

Documents Required for Life Insurance for NRIs in the UAE

  1. Completed proposal/application form
  2. (Duly filled with accurate personal, nominee, and policy-related details)
  3. Copy of a valid passport
  4. (Attested copy, where required)
  5. Proof of age
  6. (Passport or other acceptable age proof)
  7. Proof of income
  8. (Income documents such as salary slips, employment-related income proof, or tax-related records)
  9. Proof of overseas address
  10. (General overseas address proof, as required for KYC purposes)
  11. Recent passport-size photographs
  12. (As per insurer specifications)
  13. Medical examination reports
  14. (Required based on age, sum assured, or underwriting assessment)
  15. OCI/PIO card, if applicable 12

Note: The exact list of documents may vary depending on the insurer’s requirements and the type of NRI life insurance policy in the UAE you choose.

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

  1. When you buy a life insurance policy in India, you can ensure financial protection for your loved ones back home. If something happens to you when you are thousands of miles away, a life insurance plan ensures that they remain financially secure.
  2. Life insurance premiums in India are typically affordable.
  3. If you were earlier an NRI in UAE, but moved to a different country, your life insurance policy stays active even after relocation. Just make sure you inform your insurer about the change in residence.
  4. Another benefit for you as an NRI in UAE is that you can save on taxes. Under Section 80C and 10 (10D), you can get tax benefits against the premiums that you pay and the payouts that are received.
  5. When you explore life insurance options in India, you will realise that even as an NRI, there are many options to choose from. You can choose one that aligns with your goals, be it protection, savings, or investment.
  6. Life insurance is essential for good financial planning. The right plan can help you build enough corpus for a long-term goal. A savings or investment-oriented policy can offer beneficial maturity benefits.
  7. As an NRI in UAE, whether you are an entrepreneur, a salaried employee or even a homemaker, you need life insurance. Women, even as homemakers with no income, have an economic value and thus need life insurance.

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

  1. Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) can purchase life insurance as a way to safeguard the financial future of their loved ones. One's back in India. There are various options that you can choose from.
  2. NRIs living in the UAE can conveniently pay their life insurance premiums through direct bank transfers using their NRE or NRO accounts, typically 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.

Key Takeaways

  1. Life insurance plans for NRIs in the UAE can provide an affordable plan in Indian currency for their families in India.
  2. They offer flexibility in selecting various plan types (such as term, ULIP or endowment) and provide digital onboarding with video-based medicals for global convenience.
  3. For NRIs managing assets or dependents in India, life insurance helps them secure their loved ones in India financially. The sum assured they get can help them manage loans, education, and other financial obligations.

Conclusion

Choosing an NRI life insurance policy in the UAE should go beyond basic protection and be treated as a well-planned financial decision. It is advisable to opt for insurers that offer digital onboarding and facilitate medical tests outside India. Evaluating the insurer’s claim settlement ratio, understanding continuity of the policy if you return to India, and confirming whether policy payouts can be repatriated in line with FEMA and RBI guidelines are equally important. For ULIPs, monitoring fund performance in Indian currency helps NRIs assess returns accurately and manage currency exposure. Together, these steps enable a more informed decision and help build a policy structure that safeguards your family while aligning with long-term global financial goals.

Why Bajaj Life Insurance ?

Bajaj Life Insurance, 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~

1 Day

Get 1 Day Claim Approval%

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Stable Rating by CARE$$

₹1,36,724 Cr

Assets Under Management (AUM)***

3.51 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 Life Insurance offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | ***Asset under management (AUM) ₹1.36 lakh crore as on November, 2025 | ^^^Solvency ratio 359% as at 31st March 2025 against IRDAI mandated 150% | ##Individual and group, as on 30th November, 2025.

Frequently Asked Questions

1. From the UAE, I’ll be moving to Saudi Arabia soon. What will happen to my life insurance policy?

Your policy will still remain valid even after relocation to a new country. However, it’s important that you inform the insurance company about your change of residence. There are certain factors that could impact the terms of your policy.

2. I recently purchased a life insurance policy in the UAE. Can I buy a life insurance plan in India?

Yes, NRIs in the UAE can buy life insurance in India even if they have an existing plan in their country of residence. Just make sure you declare the same when you are buying life insurance in India.

3. As an NRI in the UAE, what should I consider before buying life insurance from India?

Buying life insurance is a big decision. Make sure you consider your obligations, your family’s future needs, and your long-term financial goals. Think about how much coverage you truly need and which type of policy suits you best. You can choose between term insurance, whole life, or a ULIP. Also, check the insurer’s claim settlement ratio, their customer service and overall reputation.

4. Can NRIs nominate family members residing outside the UAE?

NRIs can nominate family members living outside the UAE. The nominee’s details, including address and identification documents, must be provided during the policy purchase or while updating the nomination.

5. Are medical tests mandatory for NRIs applying for life insurance in the UAE?

Medical tests are not always mandatory. However, insurers may require them based on age or health conditions. If purchased from abroad, the NRI must complete tests locally and bear the examination cost.

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*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.

For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale.

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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I hereby authorize Bajaj Life Insurance Limited. 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

 

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Bajaj 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 Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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Bajaj 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 Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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I hereby authorize Bajaj Life Insurance Limited. 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 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.bajajlifeinsurance.com ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

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Bajaj 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 Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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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.

The views stated in this article are not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read the sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) Reg. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006. CIN: U66010PN2001PLC015959,  call us on Customer Care No. 020-6712 1212 , mail us on: customercare@bajajlife.com. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.

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

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^As per Government of India Notification No. 16/2025, GST is not applicable on individual life insurance policies effective 22 September 2025.

#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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I hereby authorize Bajaj Life Insurance Limited. 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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Disclaimer

*Premium increase applicable only for certain policy term, premium payment term and sum assured combinations.

^As per Government of India Notification No. 16/2025, GST is not applicable on individual life insurance policies effective 22 September 2025.

#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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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.
IRDAI Public Notice on Spurious calls
Fraud Prevention Tips
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Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited). All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 27001:2013 Certified IT Department
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Sales: 022 6124 1800 | Service: 020 6712 1212

Email: customercare@bajajlife.com

Registered Office Address

Bajaj Insurance House, Airport Road, 

Yerwada, Pune, Maharashtra - 411006

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© Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited). All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 27001:2013 Certified IT Department

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

Email: customercare@bajajlife.com | Customer Care No.: 020 6712 1212

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The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” 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 Life Insurance 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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