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NRIs

We at Max Life Insurance understand your quest to stay protected and save for your long term needs. So, we provide customised solutions to cater to your specific needs as a Non Resident Indian (NRI) or Person of Indian Origin (PIO) or a Foreign National.

Apart from providing services to the Indian diaspora based all over the world, we are equally focused on welcoming the Returning Global Indians with open arms. Our NRI pension plans registered in UK with Her Majesty’s Revenue and Customs (HMRC) give a unique opportunity for returned Indians from UK to transfer their Pension corpus accumulated in UK. This undoubtedly makes their homecoming sweeter by helping them participate in the India Growth story and savour the golden years of their life with dignity & respect.

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    Who can buy

    Other than the residents of India, Max Life Insurance policy can be bought by:

    • Non-Resident Indians: A citizen of India (holding a valid passport issued by Govt. of India) and temporarily residing in the country of his / her present residence.
    • Person of Indian Origin: A citizen of any country other than Bangladesh or Pakistan, if:
      • At any time held Indian passport; or
      • He or either of his parents or grandparents were a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or
      • The person is a spouse of an Indian citizen or a person referred to in sub-clauses above
    • Foreign Nationals: A person, who is a citizen of a foreign country but based in India

    Prohibited list of countries

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    How to buy

    Buying a policy from us has never been easier. If you want to avail of a new policy or enquire about an existing policy, here are the options available to you:

    • Log in to your Max Life Insurance account.
    • Call our helpline at the following numbers:
      • 1800 180 5577 (BSNL and MTNL)
      • 1800 200 5577 (Other service providers including mobile phones)
    • Contact your IRDA licensed person (Agent / Specified Person / Designated Person)
    • Write to us at
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    Premium Payment Options

    You have the flexibility of making payments through an Indian or foreign bank account as per your convenience. Read on for more details:

    Initial Premium:

    • You can pay in Indian Rupee from any of your following Indian Bank accounts, held in your name through Cheque of:
      • Non-Resident (External) Rupee Account (NRE Account)
      • Non-Resident Ordinary Account (NRO Account)
    • You can pay in Indian Rupee equivalent foreign currency from your foreign bank account:
      • By instructing your Banker to remit money electronically through SWIFT into our bank account

    Note: The SWIFT codes are available for the following 13 currencies:
    ● US Dollar – USD ● Euro – EUR ● Great Britain Pound – GBP ● Singapore Dollar – SGD ● Japanese Yen – JPY ● Australian Dollar – AUD ● New Zealand Dollar – NZD ● South Africa, Rand – ZAR ● Swiss Franc – CHF ● Saudi Riyals – SAR ● Arab Emirates Dirhams – AED ● Sweden, Kronor – SEK ● Canadian Dollar – CUD

    Renewal Premiums:

    Besides the options mentioned above, you can also pay via the standard premium paying options provided here

    * Please note: We don’t accept premium payments in cash or through Credit Cards issued outside India.

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    Settlement Guidelines

    Remittance of bonus, maturity proceeds, surrender value or claims proceeds in respect of Rupee policies, issued to foreign nationals who are not permanent residents in India, may be paid in Indian Rupees or may be remitted abroad, if the claimant so desires.

    Download the claim settlement forms.

 
 
 
Did You Know

You can repatriate your maturity proceeds, claims or surrender value of policy outside India easily.