A Miracle Called Insurance

Recently, I went to give a lecture on Insurance at a local school in Muscat. The lecture was, in fact, intended to tell basics about insurance. All went well. Couple of days later, I received this following mail from a girl called Ms. Priya. This girl has asked a very innocent question. The answer tests our understanding of Insurance. I am imperfect. However, I tried my best to answer her.

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Life Insurance Article: Can NRI purchase life insurance in India?

The Indian Insurance Industry has matured over the years and self-awareness for insurance and its important has slowly crept into the minds of the pro-active financial planners across the globe. This in fact has been triggered by the recent fall in premium for online Term Plans. The surge of interest of Non Resident Indians to purchase a Life Insurance Product in India has given a platform to many insurance companies to re-strategize and capitalize on the huge potential of tapping the NRI or the Person of Indian Origin, PIO.

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