Archive · 13 Aug 2025
NRI Term Insurance Purchases from India Double in Two Years
Non-Resident Indians (NRIs) are buying a lot more term insurance from India.
This is because it's cheaper and the money they get will be in rupees, which helps their families and investments back home.
The UAE and nearby countries are where most of these purchases happen.
Also, more women are now buying these policies.
People usually pay monthly, but some in the UAE are paying a large one-time fee for long-term coverage.
NRIs' term insurance purchases from India have doubled in the last two years.
Competitive premiums and rupee-denominated benefits are key drivers of this trend.
The UAE and GCC region account for nearly 60% of NRI term insurance purchases.
Europe and Australia-New Zealand have seen rapid adoption, with an 87% CAGR.
Women are becoming a growing segment, with 15% participation among NRI buyers.
- Who
- Non-Resident Indians (NRIs).
- What
- NRI term insurance purchases from India have doubled.
- When
- Between FY22 and FY26 YTD (Year-to-Date).
- Where
- India, UAE, GCC region, Europe, Australia-New Zealand, and North America.
- Why
- Due to competitive premiums, long-term policy options, and rupee-denominated benefits.
- Growth Rate (FY22-FY26 YTD)
- 100%
- UAE/GCC Contribution
- 59% of policies
- CAGR (Europe/ANZ)
- 87%
- Female Participation
- 15%
- Preferred Payment Structure
- Monthly (80%)