Term Insurance for NRIs
I am an NRI, living outside of India for 10+ years now. I am in age bracket of 40-45 years, with no medical history or condition at the moment. I am looking for pure vanila term insurance options in India, sum assured of around 2Cr+. Few questions:
- Is there any preference on Insurance company - LIC Vs Kotak Vs Max Vs anyone else?
- For the medical requirements, some companies seem to be okay with tests getting conducted outside India. How to go about it. and the info is very "agent-dependent".
- What are the pitfalls I should be aware of. Agents may be over-eager and may help in getting the insurance but how should I ensure that they dont fill in any information which may backfire for me or my family later.
- Lastly, an agent has shared that Max Life is providing up to 3CR term insurance for NRIs without medical tests. Couldn't find it on Max's website. How to find the legibility of such campaigns.