Term Insurance coverage- Citizenship changes
03 Oct, 2021 by VIRAL SONI
kindly help on Term insurance query.
Indian resident taking Term insurance from Icici Pru/ HDFC life but after 5 years his/her *CITIZENSHIP* gets changes to other country ( he will have only OCI card), still Term insurance cover will be valid or it will be void?. I have called to call centre they r saying it will be covered but when I asked them to give in writing till dat no revert
Change in resident status after taking Term Insurance doesn't impact your cover.
It is good that you have informed them. Please also intimate them about the same on email. It will be a handy record in case your Insurer raises a question about it.
Hope this helps.