Calling From	Phone Number
Calling us from INDIA	+91 20 6712 1212
Rest of the World	+91 20 6787 1700

Term Insurance for NRIs in Oman

It has been reported that around 66% of 1.34 crore non-resident Indians are living in Gulf countries, with 7.7 lakh NRIs in Oman alone. Oman has been one of the choices of non-resident Indians (NRIs) as it offers a blend of opportunities and stability. Read More

Moreover, with a sizable Indian diaspora already living there, it feels more welcoming and familiar to the newcomers.

The one thing that still holds concern for a lot of NRIs is the well-being and financial safety of their loved ones. This is where term insurance comes into the picture. It ensures the financial safety and wellness of your family and loved ones even if the primary earner is no longer around.

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

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

Zero Commission^$

Tax Benefits upto ₹46,800^##

Check Your Premium!

Full Name

Date Of Birth

Mobile Number

Email Id

Annual Income

I agree and consent to the Terms & Conditions, Privacy Policy

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

Occupation

Education

Gender

Male Female Others

Tobacco/Nicotine

Yes No

Are you diabetic?

Yes No

I agree and consent to the Terms & Conditions, Privacy Policy

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

Customer rating

Rated by customers

Upto 16% Discount

Term Plan @ ₹18/Day^* 200% Premium Back

Upto 16% Discount

Term Plan @ ₹14/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 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 Life Insurance Limited. 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 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 Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | 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 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 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.

What is Term Insurance for NRI?
Types of Term Insurance Plans Available to the NRIs of Oman
How does term insurance for NRIs in Oman Work?
Reasons to Buy Term Insurance for NRIs in Oman
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?
Things to Keep in Mind Before Buying Term Insurance
Key Takeaways
Conclusion
Why Bajaj Life Insurance ?
FAQs

What is Term Insurance for NRI?

Term insurance for NRIs is a life insurance plan designed to cover the risk of premature demise during the policy tenure. NRIs can purchase term insurance plans in India to provide financial security to their family in the case of their premature demise. Term plans are protection-oriented plans that have affordable premiums, allowing NRIs to choose an adequate sum assured that can meet their family’s financial needs.

They can buy insurance online while comfortably sitting at their home abroad, or offline by visiting the insurance company’s office when they come to India.

Types of Term Insurance Plans Available to the NRIs of Oman

The growing popularity of term insurance among NRIs showcases the increasing awareness and focus on the financial stability of their families living back in India. Term plans for NRIs can be very similar to term plans for residents; the NRI term plans can be a bit more nuanced. These plans are available in several types to align with your needs and requirements.

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 plans are available. You can explore each of them and choose the ones that best aligns with your needs:

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 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 Oman Work?

For NRIs in Oman, the term plan works similarly to plans for residents. 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.

Buying a policy in India is easy and hassle free. For instance, as an NRI in Oman, you do not necessarily need to visit India to get a policy. The formalities can be completed online. Some insurers ask for telemedical check-ups.

You pay the premium over the chosen premium paying term and in the selected frequency. NRIs in the UAE can pay the premiums through direct bank transfers using NRE or NRO bank accounts in the form of SWIFT Transactions or through Foreign Bank account via SWIFT transactions.

You have to consider your country of residence as it impacts your eligibility and premiums. There are some other key components that go into making your term insurance plan. 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.

Reasons to Buy Term Insurance for NRIs in Oman

The primary objective of buying term insurance for NRIs is to provide a financial net to their families and loved ones and protect them against any financial stress in case of unexpected life events.

Here are some compelling reasons why NRIs in Oman may consider buying a term plan in India.

1. Cost-effective Plans

It is the affordability of the term plans in India that adds to their appeal and popularity. Yes, you heard it right. The term policies in India can be around 30%-50% more economical than policies in other countries such as the UAE and Singapore. Additionally, several insurers offer special discounts to salaried individuals on their 1st-year premiums, making the policy more cost-effective.

2. Global Coverage

Typically, the term plans for NRIs are designed with worldwide coverage. This means the death benefit is covered and offered anywhere around the globe, ensuring your policy remains valid and active irrespective of your place of residence. Also, with several insurers now having online facilities and global support desks, claim support has become much more convenient and accessible.

3. Comprehensive Coverage with Flexibility

Term plans in India are designed extensively to cover a variety of needs and requirements. These policies have a comparatively longer policy term

4. Optional Riders

To make your plan more well-suited to your needs, several insurers offer customisations to these terms plans. You may add new riders at a nominal additional premium, to make your policy more comprehensive.

5. Tax-Saving Benefits

Buying a term plan in India, NRIs can also benefit from tax savings. For instance, the insurance premiums are eligible for tax deductions under section 80C of the Income Tax Act of 1961 under old tax regime. Additionally, the sum assured (death benefit) is tax free under section 10(10D) of the Income Tax Act subject to certain conditions.

6. Easy Tele-Medical Checkups

Typically, while buying term insurance you are supposed to go through a medical test. However, many insurers now offer a video medical facility where you can easily complete the process while sitting at the convenience of your home, eliminating the need and hassle to physically visit the centres. This becomes more crucial and beneficial for NRIs who are living in a foreign land. You may easily and conveniently complete your purchase now without physical visits.

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 an 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.

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 –

1. Completely filled Proposal form

2. A valid passport copy

3. Age proof, Valid KYC documents, PAN/Form 60

4. NRI & Foreign Travel Questionnaire

5. FATCA/CRS declaration with Tax Identification Number (TIN) of the country of residence or equivalent details

6. NRE bank statements & standard income documents are subject to the requirement

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 who live in Oman 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 Oman 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.

Things to Keep in Mind Before Buying Term Insurance

Term Coverage

Ensure the sum assured is enough to cover liabilities in case something happens to you. Assess your expenses, income, liabilities, and assets to assess the coverage needed. Also, factor in inflation and choose the right sum assured.

Term of Policy

When deciding the tenure of your term insurance, think about how long your family would rely on your income. Choosing the right duration ensures your family remains financially secure during the years they need financial protection the most.

Riders Available

Riders are additional benefits that enhance the coverage of your term insurance policy at an additional nominal premium . Common options include accidental death benefit rider, critical illness rider, and waiver of premium rider, etc. Choose a rider that matches your needs for wider coverage. (Addition to of rider is subject to their availability with the base plan)

Premium Cost

Assess and ensure that the premiums are affordable. Keep in mind that the cheapest option isn’t always the best and choose a plan with comprehensive financial protection at affordable premiums.

Claim Settlement Ratio

This ratio shows how many claims an insurer settles against the total received in a financial year. A higher ratio indicates trust in the insurer and is feasible.

Key Takeaways

NRIs in Oman can buy term insurance plans in India with ease, either online or offline.
Term insurance provides global coverage, ensuring your family’s financial safety no matter where you live.
Plans in India are often more cost-effective, with added tax benefits.
Riders like a critical illness rider or accidental death benefit rider can enhance protection at a nominal cost.
Premiums can be paid through NRE/NRO accounts, in the form of SWIFT Transactions or through Foreign Bank account via SWIFT transactions, making the process simple and transparent.
Choosing the right coverage amount and tenure is crucial to ensure your family’s financial independence in your absence.

Conclusion

With cost-effective premiums, global coverage, flexible riders, and tax benefits, buying life insurance for NRIs in Oman becomes a practical way to secure their family’s future. It not only safeguards loved ones against financial uncertainty but also ensures peace of mind knowing that responsibilities like loans, education, or household expenses will be taken care of.

99.29%

Claim Settlement Ratio^~

1 Day

Get 1 Day Claim Approval^%

AAA

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

. What are the cases when my term insurance claim might get rejected?

Having term insurance ensures financial security for loved ones. Therefore, it can be quite distressing in case the claims get rejected. Make sure to watch out for and provide full, correct information to ensure no rejections. Here are some common cases when term insurance claim might get rejected:

In case you've hidden pre-existing diseases and concerns
Misinformation on your part
Concealing information of an existing policy
Incomplete or false nominee details etc

2. Do I need to visit India to buy a term insurance plan as an NRI in Oman?

Typically, no. You need not visit India to buy a term insurance plan as a NRI in Oman. You may avail of the online facility and send your relevant documents via mail. Using telemedical check-ups can further help you go ahead with the purchase conveniently.

3. What is the process for buying a term plan for NRIs in Oman?

For NRIs in Oman, a term insurance plan can be purchased either online or offline. In the online process, you can fill out the application form and upload the required documents directly on the insurer’s website or app. Depending on the insurer’s policy and your health profile, you may be asked to undergo a medical examination—either in person at an authorised centre or through basic health checks arranged remotely. Once the insurer reviews your application and medical results, the underwriting team will assess your eligibility. If approved, the insurer will communicate the decision along with the payable premium, after which you can make the payment online to activate your policy.

4. Do NRIs in Oman get tax benefits on term insurance in India?

Yes, NRIs in Oman can claim tax benefits on term insurance in India. Similar to the resident Indians, NRIs can claim deductions under Section 80C, and the death benefit paid to the nominee is tax-free.

Read All

Term Insurance Guide

Videos
Articles
Calculators

Life Insurance Made Easy | Accidental Death & Disability Rider

Understanding Riders: How It Impacts Your Coverage

Life Insurance Made Easy | Annualized Premium

Cracking the Code: Understanding Annualized Premium in Insurance

Life Insurance Made Easy | Claim settlement ratio

The claim settlement ratio is the percentage of life insurance claims a company has paid out compared to the total claims received.

Life Insurance Made Easy | Return of Premium

Understanding #lifeinsurance terms may be challenging. As part of Bajaj Life Insurance’s #LifeInsuranceMadeEasy series we are simplifying industry terminology

Life Insurance Made Easy | Auto pay

Watch this video from the #LifeInsuranceMadeEasy series, a customer education initiative by Bajaj Life Insurance to know how Autopay simplifies the premium

Life Insurance Made Easy | Compound Revisionary Bonus

#Lifeinsurance terms got you mixed-up? As part of #LifeInsuranceMadeEasy series, Bajaj Life Insurance’s is helping to simplify industry terminologies

Know About Term Policy FAQs

The top priority of every family man is the well-being of his family. Over the years, he strives hard to meet every life goal of his family.

Benefits of Term Insurance

A term insurance policy is a life insurance plan which is intended to cover the risk of premature death or demise of the life assured, during the policy tenure. The term plan

Types Of Term Insurance Plans In India

Life may be great for the most part, but at some point, uncertainties and unexpected events may happen. They may be sudden job losses, pay cuts,

Term Insurance Eligibility Criteria - Explained

At times of financial distress and uncertainty, it is great relief to have a safety net to help you cover for unexpected expenses. One of the most

Term Insurance Calculator

An easy to use Term Insurance calculator to determine the right life cover amount as per your needs.

Income Tax Calculator

Know your income tax based on the taxable income and explore Life Insurance plans to save more tax.

Power of Compounding Calculator

Get an estimate of how much your investment will grow over a period of time.

Investment Calculator

Answer a few simple questions to know estimated corpus you will have to fulfil your Life Goals.

Underinsurance Calculator

With the Underinsurance Calculator, check if your Life Cover is atleast 10x of your Annual Income.

Fixed Deposit Calculator

Answer a few easy questions to calculate your Fixed Deposit Returns.

NPS Calculator

Calculate your NPS returns effortlessly with our simple to use NPS Calculator.

SIP Calculator

Plan your investments effortlessly and achieve your financial goals with our easy-to-use SIP Calculator.

Retirement Preparedness Score Calculator

Answer a few simple questions to know how prepared you are for your retirement.

Life Goal Calculator

Answer a few simple questions to know the corpus required to fulfil your Life Goal.

Child Education Planning Tool

A simple to use and comprehensive tool to plan for your child's education.

Savings to Life Goals Convertor

Use this calculator to know how savings from regular expenses can help you achieve your Life Goals.

Financial Fitness Calculator

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

Immunity Score Calculator

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

ULIP Calculator

Know the amount to invest today to have the corpus to accomplish your Life Goals tomorrow.

Child Plan Calculator

A simple to use calculator that helps you plan for fulfilling your Child's Life Goals.

Retirement Calculator

Calculate the amount you need to invest today to accomplish your retirement life goals.

Body Mass Index (BMI) Calculator

Body Mass Index (BMI) is a measure to understand whether your body weight is healthy as per your height.

View All

Customer Speaks

Happy with the services

I have invested in various products of Bajaj Life Insurance - I am happy with the services, returns and diversified product portfolio.

Rashmi Bhavnani

Satisfied, Trust

I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Life Insurance Company.

Shrikant A Karande

Happy with the returns

I was introduced by my advisor to invest in Bajaj Life Insurance .I have invested in the same and am happy with the returns and services.

Kavita Goplani

Very Happy

I am a 7 year old customer of Bajaj Life Insurance and very happy about the services.

Dhruv Soni

Reviewed by Life Insurance Experts

Bajaj Life Insurance is a trusted insurance partner

At Bajaj Life Insurance, 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.

Popular Searches

Disclaimers:

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

BLIC-WP-ECNF-19004/25

^*Above illustration is for Bajaj 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.bajajlifeinsurance.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 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 Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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 Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra

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

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

Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome

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

Disclaimer

Claim Settlement Ratio of 99.29%^~

Term Insurance Plans

Insurance Coverage Plans

Affordable Term Plans

Policy Term Plans

Insurance for All

Insurance Made Easy

ULIP Plans

Savings Plan

Endowment Plans

Child Insurance Plan

Retirement Plans

NRI Plans

Term Insurance Plans

ULIP Plans

Savings Plan

Retirement Plans

Endowment Plans

Life Insurance Calculators

Rider Plans

Group Plans

Know About SISO

Fund Performance

ULIP Plans

Tools & Calculators

Fund performance

Life Insurance Guide

Tools & Calculators

Term Insurance for NRIs in Oman

What is Term Insurance for NRI?

Types of Term Insurance Plans Available to the NRIs of Oman

How does term insurance for NRIs in Oman Work?

Reasons to Buy Term Insurance for NRIs in Oman

1. Cost-effective Plans

2. Global Coverage

3. Comprehensive Coverage with Flexibility

4. Optional Riders

5. Tax-Saving Benefits

6. Easy Tele-Medical Checkups

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?

Things to Keep in Mind Before Buying Term Insurance

Term Coverage

Term of Policy

Riders Available

Premium Cost

Claim Settlement Ratio

Key Takeaways

Conclusion

Why Bajaj 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

. What are the cases when my term insurance claim might get rejected?

2. Do I need to visit India to buy a term insurance plan as an NRI in Oman?

3. What is the process for buying a term plan for NRIs in Oman?

4. Do NRIs in Oman get tax benefits on term insurance in India?

Term Insurance Guide

Videos

Articles

Calculators

Life Insurance Made Easy | Accidental Death & Disability Rider

Life Insurance Made Easy | Annualized Premium

Life Insurance Made Easy | Claim settlement ratio

Life Insurance Made Easy | Return of Premium

Life Insurance Made Easy | Auto pay

Life Insurance Made Easy | Compound Revisionary Bonus

Know About Term Policy FAQs

Benefits of Term Insurance

Types Of Term Insurance Plans In India

Term Insurance Eligibility Criteria - Explained

Term Insurance Calculator

Income Tax Calculator

Power of Compounding Calculator

Investment Calculator

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$$

Assets Under Management (AUM)^***

Number of Lives Covered^##

Solvency Ratio of 359%^{^^^}