Wednesday, March 13, 2013

NRI Accident Policy from National Insurance Co.

Following is the detail of NRI Accident Policy from National Insurance Co.

Salient Features

Policy covers Non-Resident Indians in the age range of 5 and 70 years.

Scope of Cover

There would be three schemes based on Capital Sum Insured for the Insured to choose one 10% Discount on premium is allowed if the family of the NRI is insured under the policy.

Capital Sum Insured

Scheme A – Rs. 3,00,000/-
Scheme B – Rs. 5,00,000/-
Scheme C – Rs. 10,00,000/-

The detailed coverage under both the schemes would be as follows.

Table Benefits

The optional provision of covering Insured spouse and children has now been incorporated in the Policy With the following guidelines :-

(i)If both the proposer and the spouse are employed abroad, both can choose the same scheme ie. Either of scheme A, B, or C.

(ii)If only the proposer is employed abroad, the CSI for the unemployed spouse has to be choosen at least one scheme lower and for children, the lowest scheme ie. Scheme A for a CSI of Rs.3,00,000/- should be choosen.

In case of family coverage, a family discount of 10% will be allowed.

Period / Term

5 years


1. If the NRI is already covered by any such policy, please provide the policy details . In such cases
Only the spouse and children can be covered.

2. The first applicant / Insured should be an NRI

3. Additional applicants should be either spouse or children of NRI , (they can be residents)

4. Children will be eligible for Scheme A only.

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