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Investment & Financial Planning

Unit Linked Insurance Plan for NRIs

Pankaj ShawBy Pankaj Shaw |Last Updated: December 22, 2025
Unit Linked Insurance Plan for NRIs
  1. Home
  2. Investment & Financial Planning
  3. Unit Linked Insurance Plan for NRIs
  4. Reading Time: 10 mins

Like Indian residents, NRIs can also invest in India and avail the tax benefits. Considering this, over the years, ULIP investment plans (Unit-Linked Insurance Plans) have become a popular investment option among NRIs. Further, to invest in these plans, NRIs need to follow the stated Foreign Exchange Management Act (FEMA) guidelines. 

ULIP plans serve as an investment tool that helps policyholders reach their long-term financial goals. There are several ULIP plans available for NRIs to participate in the financial market of India. Further, want to know more about the ULIP plans for NRIs? Continue reading the blog and get all the information. 

Pankaj Shaw
Pankaj Shaw(Tax Expert)

Mr Shaw brings 8 years of experience in auditing and taxation. He has a deep understanding of disciplinary regulations and delivers comprehensive auditing services to businesses and individuals. From financial auditing to tax planning, risk assessment, and financial reporting. Mr Shaw's expertise is impeccable.

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Frequently Asked Questions

Yes, NRIs can invest in ULIP plans in India through their NRE or NRO bank accounts. Additionally, they should also comply with the FEMA and RBI guidelines associated with these investments.

Tax benefits on the ULIP investment plans depend on the premium amount and Indian tax laws. Considering this, based on the current regulations, some maturity proceeds can be taxable in India.

Generally, to buy a ULIP plan, NRIs need to submit an application form, a copy of their passport, overseas address proof, PAN card, income proof, passport-size photograph, and bank account details.

Yes, according to the RBI guidelines, using NRE or NRO bank accounts or foreign remittances, NRIs can pay ULIP premiums from abroad.

Yes, ULIP investment plans have a mandatory lock-in period of 5 years. During this period, you are not allowed to withdraw funds, as it is created for long-term wealth creation.