HDFC Standard life Insurance NRI Products

Untitled Document

HDFC Standard Life Insurance

Everyone needs insurance to feel secure, to care for the loved ones and to provide for the future. As an NRI the need is felt more for obvious reasons. But staying away from your homeland doesn’t mean you have to compromise on safety and security. Apart from safety, there is an urge to invest in your own country. Which is why we offer innovative insurance solutions tailor-made to your needs. These enable you to enjoy good returns as well as ensure security of your loved ones.

Our Products Include

Single Premium Whole of Life Plan

Personal Pension Plan

Saving Assurance Plan

Unit Linked Pension Maximiser II

Unit Linked Pension II

Purchasing a Policy

Inorder to get more details on any of our policies please email us at nri@hdfcinsurance.com and we will get in touch with you.

Premium Payments

Premiums can be paid in any of the following modes:

	By way of a Cheque issued out of an NRE Account held by you with a Bank in India
	By way of a Cheque issued out of an NRO Account held by you with a Bank in India
	By way of a Cheque issued out of any other Account held by you with a Bank in India
	By way of a Cheque from a Bank Account held by your resident parent or spouse in India

You can also issue a Standing Instruction Mandate if you have an account with HDFC Bank Limited. This will ensure hassle-free and regular premium payments.

Repatriation Rules

As per the RBI regulations, the claim amounts can be repatriated in proportion to the premiums received from an NRE Account or by way of remittance through normal banking channels. Hence it would be beneficial for you to make the premium payments from your NRE Account in India.

Tax Benefits

Apart from securing your lives, the Life Insurance Policies provide a great advantage of tax savings. As per the Income Tax Act, 1961, you are eligible for the following tax benefits:

	Single Premium Whole of Life Insurance Plan: Premiums paid are eligible for rebate under Section 80C. The death claim proceeds are exempt from tax under Section 10(10D). However this exemption is not available for surrender/maturity claim proceeds
	Personal Pension Plan: Premiums paid are eligible for deduction under Section 80CCC. The death claim proceeds are exempt from tax under Section 10(10D). Surrender or Maturity claim proceeds including Annuity proceeds are taxable
	Savings Assurance Plan: Premiums paid are eligible for rebate under Section 80C. The death, surrender and maturity claim proceeds are all exempt from tax under Section 10(10D)

You can claim these tax benefits / exemptions to the extent of your taxable income in India.

Claims

You can claim the amount of your policy at the time of maturity. Or the claim can be given to your nominee after your unfortunate demise, as the case may be

	Surrender/Maturity Claim: Can be credited to your NRE Account in proportion to the premiums received in repatriable funds. The balance amount will be credited to your nominated NRO or Savings Account in India
	Death Claim: Where the nominee is a resident Indian, the claim amount will be issued by way of a cheque in his/her favour. This amount will have to be deposited in a local savings account and is not repatriable

HDFC Standard Life Insurance

Calculate Your Premium

QUICK LINKS
	Media Centre
	Customer Service

You can contact us in any of these following ways

Call us at 1800-227-227

SMS "LIFE" at 57333

Locate our Branch

Mail us at response@hdfcinsurance.com

Copyright © 2005 HDFC Standard Life Insurance Company. All Rights Reserved.	Best Viewed in 1024 x 768 Resolution, Internet Explorer 6.0
Insurance is the subject matter of the solicitation. HDFC Standard Life Insurance Company Ltd. Reg. No 101 granted on 23rd Oct., 2000 by IRDA