SBI Life NRI Investment Plans

NRI investment in India is gaining popularity. This is the result of varying investment opportunities provided by multiple banks and financial institutions. Some of the common investment options for NRIs are funds, insurance, equity trading, Portfolio Investment Services, and pension schemes.

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7.7 Crore

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

SBI Life NRI investment program provides several different platforms to invest your money and watch it grow. Provided by a reliable banking institution in India, SBI Life investment schemes for NRI investors are a safe and trusted home for your investments.

SBI Life Investment Schemes for NRI Investors

SBI Life NRI investment provides tailor-made schemes for you to invest your money in reliable and safe avenues. You can choose a scheme as per your risk suitability. SBI Life offers a host of plans to facilitate NRI investment in Indian financial markets. The investment options include:

SBI Life Insurance
SBI Life Equity Trading
SBI Life Portfolio Investment Services (PIS)
SBI Life National Pension Scheme for NRIs

SBI Life Insurance Plans

As an NRI, you can also invest in insurance plans with the help of SBI Life. Under SBI Life investment schemes for NRI investors, SBI Life offers a range of life insurance plans for you to choose from, such as savings, protection, child, investment, and retirement plans. By investing in SBI life insurance products, you would also be able to claim tax benefits. (*Tax benefit is subject to changes in tax laws. Standard T&C apply.)

SBI Life NRI Savings Plans: If you choose to invest your money in an SBI Life Savings Plan, you would be able to save money for the present and the future. SBI Life offers several different NRI savings plans:

SBI Life Smart Swadhan Plus
SBI Life Smart Humsafar
SBI Life Smart Money Planner
SBI Life CSC Saral Sanchay
SBI Life Smart Income Protect
SBI Life Smart Guaranteed Savings
SBI Life Smart Money Back Gold
SBI Life Shubh Nivesh
SBI Life Saral Swadhan+
SBI Life Flexi Smart Plus

SBI Life NRI Protection Plans: SBI Life Protection Plans are low-cost insurance protection plans. Such plans provide financial stability and protection for your family in your absence. NRI insurance protection plans provided by SBI Life are:

SBI Life Smart Shield
SBI Life E-Shield
SBI Life Saral Shield
SBI Life Grameen Bima

SBI Life NRI Child Plans: SBI Life offers two distinct child plans so that you can plan your child's future needs. You can choose to invest in any one of the two customizable NRI Child plans offered by SBI Life:

SBI Life Smart Champ Insurance
SBI Life Smart Scholar

SBI Life NRI Investment Plans: SBI Life offers long-term investment plans for NRI investors. These are ULIPs or Unit Linked Plans. These plans not only provide complete insurance protection but offer long-term investments as well. In such plans, your money is invested in a variety of fund options with varying risk profiles. SBI Life offers seven investment plans for NRI investors:

SBI Life eWealth Insurance
SBI Life Smart Wealth Builder
SBI Life Smart Wealth Assure
SBI Life Saral Maha Anand
SBI Life Smart Scholar
SBI Life Smart Power Insurance
SBI Life Smart Elite

SBI Life NRI Retirement Plans: You can plan your retirement by availing of SBI Life retirement plans. SBI Life offers retirement plans for you to choose from:

SBI Life Retire Smart
SBI Life Saral Pension

SBI Life Equity Trading

Under SBI Life investment schemes for NRI investors, the banking institution offers Equity Trading as an option to invest online in Equities, IPOs, and derivatives. SBI Life NRI 4-in-1 account charges a one-time RBI approval fee of Rs.500+GST. The 4-in-1 account combines:

NRE Savings Bank Account
NRE Portfolio Investment Scheme Account
Demat Account
Trading Account

SBI Life Portfolio Investment Services (PIS)

The SBI Life NRI Portfolio Investment Services allow you to invest in the shares of the companies in India in the secondary market. These investments are made on repatriation or non-repatriation basis by a recognized stockbroker. NRI PIS services are available in selected SBI Life branches across India. You can invest on a repatriation basis under PIS up to 5% of the paid-up capital in debtors of Indian companies listed on the stock exchange.

SBI Life National Pension Scheme for NRIs

The Indian Government introduced the National Pension Scheme or NPS as a part of Pension Sector reforms. The objective behind the scheme was to provide social security to all citizens of India. SBI Life NRI investment offers NPS for NRIs with two distinct NPS accounts:

Tier I Account: It is the primary pension account mandatory to open for you to avail of the SBI Life NPS. The minimum fee at the time of account opening is Rs.500. Tier I account offers a partial withdrawal option of accumulated pension wealth up to 25% after a 3-year lock-in period.
Tier II Account: You can open a Tier II account voluntarily for investment purposes. This type of account enables you to withdraw funds at any time without any limit.

Requirements to Invest in SBI Life Investment Schemes for NRI Investors

Investing in SBI Life Funds

You have to fulfill the following requirements and submit the below-mentioned documents before applying as an investor in SBI Life funds:
- An NRE/NRO Bank Account: The first and most important requirement for you is to open a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank account. You have to open such an account in your name. You can also open a joint NRO account with one or more NRIs or Indian citizens.
- Documentation: A set of certain documents are mandatory for you to produce to invest in Indian funds:
- KYC/In-Person Verification (IPV): SBI Life Fund NRI KYC is a seamless process that is done online. IPV can also be done on a video call.
Investing in SBI Life Insurance

Requirements for you to apply for SBI Life Insurance are:
- Duly filled proposal form
- Income proof
- Age proof
- Passport-sized recent photograph
- An initial deposit equivalent to your premium installment as per the plan of your choice
- Copy of bank statement from the Indian NRE bank account
- Duly attested copy of your passport
- Permanent Indian address proof
- PAN Card or Form 60
- FATCA (Foreign Account Tax Compliance Act) form for NRIs
- Your PIO ( Person of Indian Origin)/OCI (Overseas Citizen of India) details
- Medical tests wherever applied
Investing in SBI Life Equity Trading

Documents required for opening an SBI Life NRI trading account are:
- Copy of your PAN Card
- Copy of your passport
- Copy of your Visa/ resident permit/ work permit/ PIO/OCI Card
- Latest bank statement for NRE/NRO accounts
- SBI Life bank letter or canceled cheque
- Indian address proof
- Overseas address proof
- Tax payment proof
- Passport-sized photographs
- Letter of permission by RBI
Investing in SBI Life Portfolio Investment Services (PIS)

To apply for SBI Life PIS, you need to submit the following account opening forms to your preferred SBI Life branch:
- A duly filled NRE SBI Life account opening application form
- A duly filled NRE Portfolio Investment Scheme account opening application form
- A duly filled Demat and Trading Account opening application form
Subscribing to SBI Life National Pension Scheme for NRIs

You can subscribe to the SBI Life National Pension Scheme by applying in the following ways:
- Online Mode: You can subscribe online by visiting the bank website and choosing 'NPS Registration' under the 'e-Services' menu.
- Offline Mode: You can visit your nearest SBI Life branch and submit the NPS registration form and NPS Contribution Instruction Slip. You must also submit self-attested KYC documents.

In Conclusion

SBI Life investment schemes for NRI investors make it possible for you to invest your money in the thriving Indian financial market. By opting for the right investment avenue, SBI Life NRI investment can prove to be fruitful for your future finances.

FAQ's

Q. Does the SBI Life Smart Swadhan Plus plan offer a return of premium features?

Ans. SBI Life Smart Swadhan Plus plan for NRIs offers a return of premium feature where the policyholder can get all the premiums paid back if he/she survives till plan maturity.
Q. What is the age criterion for NRIs to apply for the SBI Life National Pension Scheme?

Ans. The age criterion for NRIs to apply for the SBI Life NPS is between 18 and 65 years.
Q. Would I be able to get tax deductions if I apply for the Tier II account of the SBI Life National Pension Scheme?

Ans. No, in the Tier II Account of the SBI Life National Pension Scheme, you would not enjoy tax deductions. (*Tax benefit is subject to changes in tax laws. Standard T&C apply.)
Q. Who issues a PIO card?

Ans. The Ministry of External Affairs issues a PIO or Person of Indian Origin card.
Q. What is the SBI Life Securities NRI helpline number?

Ans. The SBI Life Securities NRI customer care number is 91-22-61536900.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-01-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).