Business Standard

Readers' Corner: Will life insurance be in force even outside India?

It is always prudent to have a life insurance cover irrespective of where one lives

Pankaj Razdan
Premium

Pankaj Razdan

Pankaj Razdan
I am moving to Canada with a new job. It will be a permanent posting and I am not aware when I will be back in India. Will my life Insurance be in force even if I am outside India?
 
Yes, it will be. A term plan is valid worldwide and you can continue with the same policy purchased in India. However, for any other life insurance policy the continuity in another country depends on the feature of the product, the type of policy and the new country. You can get in touch with your insurer for further clarity

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in