50% surge in NRI insurance customers: Term, health, and investment products see growth in UAE, US, and Saudi Arabia: Study

The insurance industry has witnessed a 50% surge in Non-Resident Indian (NRI) customers, driven by increased demand for term, health, and investment products. Key markets like the UAE, US, and Saudi Arabia have shown significant growth as NRIs prioritise financial security and long-term investments, spurring a rise in insurance product adoption across these regions.

Term Insurance

According to a study by Policybazaar.com, data reveals that NRIs now account for 12% of total Term Insurance customers, showing a 50%+ compound annual growth…