New Delhi, Aug. 13 -- Non-Resident Indians (NRIs) are increasingly turning to India for buying term insurance plans, with purchases doubling over the past two years, according to an analysis report by Policybazaar.

The data in the report showed a 100 per cent growth rate in NRI term insurance purchases from India between FY22 and FY26 year-to-date (YTD).

The report also noted that the reason for this increase is the competitive premiums, long-term policy options, and rupee-denominated benefits that safeguard families and assets back home have been key factors driving this trend.

It stated, "Across the globe, NRIs are increasingly turning to India's term insurance products to secure their families and financial commitments back home." ...