NRIs

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

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:
  • 0124-3935900 / 0124-2385240 (Direct Helpline for NRI Customers)
  • 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 nri.helpdesk@maxlifeinsurance.com

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

Initial PremiumA regular payment made to the insurance company to keep the policy in force.:

• You can pay in Indian Rupee from any of your following Indian Bank accounts, held in your name through Cheque / Demand Draft / NEFT / RTGS:
  • Non-Resident (External) Rupee Account (NRE Account)
  • Non-Resident Ordinary Account (NRO Account)
  • Foreign Currency Non-Resident (FCNR) Deposits
  • Resident Foreign Currency Account (RFC)
• You can pay in Indian Rupee equivalent foreign currency from your foreign bank account:
  • Through foreign currency cheque
    Please note: Clearance time maybe 30 - 40 days
  • 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 premiumA regular payment made to the insurance company to keep the policy in force. paying options provided here

* Please note: We don’t accept premiumA regular payment made to the insurance company to keep the policy in force. payments in cash or through Credit Cards issued outside India.

Remittance of bonusDividends paid to shareholders from funds created out of additional profits realised by the company., 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.

• Remittance of bonusDividends paid to shareholders from funds created out of additional profits realised by the company., maturity proceeds, surrender value or claims proceeds shall be made in Indian Rupees.
• In the event the premiumA regular payment made to the insurance company to keep the policy in force. is paid in foreign currency, the remittance will be permitted only in proportion to the premiumA regular payment made to the insurance company to keep the policy in force. paid in the foreign currency.
• Remittances in respect of policies issued to NRIs, for which premiumA regular payment made to the insurance company to keep the policy in force. have been collected in non-repatriable Rupees may be paid only in Rupees by making credit to the NRO account of the beneficiaryA person(s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured.. This would also apply in cases of death claims being settled in favour of non-resident assignees / nominees.
• Remittances 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 claimNotification to an insurance company that payment of an amount is due under the terms of the policy. settlement forms.