I bought a 25-year term insurance cover of ₹1 crore four years ago. I also have a medical insurance plan for myself and my family.
I will soon be moving to Germany. Will my life insurance and medical insurance cover remain valid if I move abroad? -Name withheld on request Moving to another country will not affect your life insurance cover.
It will remain valid as long as the premiums are paid regularly every year. However, do inform your life insurance provider about your plan to shift to a foreign country.
Your medical insurance cover will, however, not be valid outside India. A health plan bought in India is meant to cover expenses on medical treatment in India.