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Investment Plans for NRIs in Canada

Grow Your Wealth with NRI Investment Plans

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What are investment plans for NRIs in Canada?

Investment Plans for NRIs in Canada are India-issued financial solutions that help Non-Resident Indians build wealth while living overseas. These plans include savings plans, guaranteed return plans, ULIPs, mutual funds, deposits, equity investments, and real estate opportunities.

For many Indians living in Canada, future financial goals continue to be closely connected with India. Whether it is funding a child's education, planning retirement, purchasing property, or creating a family legacy, investing in Indian rupee-denominated plans helps create wealth for these long-term objectives. Investment-linked life insurance plans also offer the added advantage of life cover alongside wealth creation, helping protect your family's future while your savings continue to grow.

With India's growing economy and expanding investment landscape, Canada-based NRIs have access to a wide range of investment opportunities that can help diversify their portfolios while staying financially connected to India. Depending on their financial goals and risk appetite, they can choose from both market-linked and low-risk investment solutions.

What are your investment options as an NRI in Canada?

NRIs in Canada have access to several investment opportunities in India depending on their financial goals, investment horizon, and risk appetite. From market-linked investments to guaranteed savings solutions, every option serves a different purpose. Investment-linked insurance plans offer an additional advantage by combining wealth creation with life insurance protection.

Create a predictable corpus with guaranteed maturity benefits while enjoying life insurance protection throughout the policy term. Suitable for planned financial milestones such as children's education, retirement planning, or wealth accumulation.

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Why invest with Ageas Federal Life Insurance from Canada?

Whether you are building wealth for your family or planning your return to India, Ageas Federal helps you invest with confidence through solutions designed for NRIs.

Why Ageas Federal?

  • Global Investment Access: Invest in India from Canada through a convenient digital process.
  • Remote Video KYC: Complete onboarding without travelling to India.
  • Digital Policy Servicing: Invest, monitor, and manage your policy online from anywhere in Canada.
  • NRE & NRO Investment Support: Invest seamlessly through eligible Indian bank accounts.
  • Federal Bank Partnership: A trusted joint venture regulated by IRDAI.
  • Dedicated NRI Assistance: Specialised support designed for customers living overseas, including NRIs residing in Canada.

How can NRIs in Canada invest in India?

Step 1: Choose Your Banking Route

Open or use your existing NRE or NRO account based on your source of income and financial requirements. These accounts facilitate investments and future policy payouts.

Step 2: Complete Digital KYC

Submit the required documents, including your passport, valid Canadian visa, work permit, permanent residency proof (where applicable), PAN or Form 60, along with identity verification through the remote KYC process.

Step 3: Select the Right Investment Plan

Choose an investment plan that aligns with your financial goals, whether you are looking for guaranteed savings, market-linked growth, retirement planning, or creating wealth for your child's future.

Step 4: Invest and Manage Online

Complete your investment digitally, monitor your policy online, and manage eligible fund switches from anywhere in Canada.

Flexible Investment Choices

Different financial goals require different investment strategies. Guaranteed return plans suit individuals seeking predictable maturity benefits, while ULIPs are designed for investors looking for market-linked growth over the long term. Child and retirement plans help build dedicated goal-based savings while providing life insurance protection.

NRIs in Canada may also diversify their investments across multiple asset classes such as insurance plans, mutual funds, fixed deposits, and equity investments, depending on their financial objectives and risk profile.

Trusted Indian Life Insurance Partner

Ageas Federal Life Insurance is an IRDAI-regulated life insurer and a joint venture between Federal Bank and Ageas. Your investment remains backed by a trusted Indian insurer while your benefits are paid in Indian Rupees through the applicable banking channels.

Tax Efficiency

Individual life insurance premiums attract 0% GST from 22 September 2025.

Eligible investors may also benefit from the provisions of the India-Canada Double Taxation Avoidance Agreement (DTAA), which helps reduce the possibility of the same income being taxed in both countries, subject to applicable tax laws and individual circumstances.

Build Wealth in Indian Rupees

While your income is earned in Canadian Dollars (CAD), many future goals may still be based in India. Investing in Indian Rupees helps create a dedicated corpus for education, retirement, property purchase, and other long-term financial objectives while also helping reduce the impact of future currency fluctuations.

Who can invest in India as an NRI based in Canada?

Investment Plans for NRIs in Canada

Investment Plans for NRIs in Canada

Investment Plans for NRIs in Canada are available to eligible Indian citizens, Overseas Citizens of India (OCI), and Persons of Indian Origin (PIO), subject to Ageas Federal's underwriting guidelines and regulatory requirements.
Age Eligibility

Age Eligibility

Entry age generally ranges from 18 to 66 years, depending on the selected plan.
Eligible Status

Eligible Status

NRIs, OCIs, and PIOs residing in Oman can apply, subject to applicable regulations.
Income & KYC Requirements

Income & KYC Requirements

Applicants are required to provide valid income proof, passport, Canadian visa, work permit, permanent residency proof (where applicable), PAN or Form 60, and other documents wherever applicable.
Bank Account Requirement

Bank Account Requirement

Investments are made through eligible NRE or NRO accounts in accordance with prevailing regulations.
FEMA Regulations

FEMA Regulations

Applicants should also ensure compliance with applicable FEMA regulations in India and relevant Canada Revenue Agency (CRA) reporting requirements wherever applicable.
Final eligibility

Final eligibility

Final eligibility depends on the selected investment plan, age, financial profile, country of residence, documentation, and underwriting requirements.

Benefits of Investment Plans for NRIs in Canada

Investment Plans for NRIs in Canada help you build wealth in India while staying financially connected to your long-term goals. Whether you are planning for retirement, your child's education, or creating a legacy for your loved ones, these plans combine disciplined investing with financial protection.

Build a Corpus in Indian Rupees

Many future goals such as purchasing a home, funding higher education, or retiring in India require savings in Indian Rupees. Investing directly in India helps you create a dedicated corpus for these milestones.

Life Cover Along with Wealth Creation

Unlike standalone investment products, investment-linked insurance plans combine long-term savings with life insurance protection. Your family's financial goals remain protected even if life takes an unexpected turn.

Investment Choices for Different Risk Profiles

Choose from guaranteed return savings plans for stability or market-linked ULIPs for long-term growth potential. Goal-based child and retirement plans provide additional flexibility based on your financial priorities.

NRIs in Canada can also diversify their investment portfolio through eligible options such as mutual funds, fixed deposits, equity investments, and retirement-focused solutions based on their financial objectives and risk appetite.

ULIP returns are market-linked. The investment risk in the investment portfolio is borne by the policyholder. ULIPs have a mandatory five-year lock-in period.

0% GST on Individual Life Insurance Premiums

Individual life insurance premiums attract 0% GST effective from 22 September 2025, making eligible insurance-linked investment plans even more attractive.

Fully Digital Investment Journey

From onboarding and KYC to policy servicing and investment tracking, eligible NRIs can manage their investments remotely from Canada.

Continue Your Plan Even After Returning to India

If you relocate to India in the future, your investment plan can continue without requiring you to start over. You simply need to update your residency and banking details with the insurer.

Portfolio Diversification Across Two Economies

For NRIs living in Canada, investing in India offers an opportunity to diversify investments across different economies and asset classes. Maintaining investments in both Canada and India can help balance long-term wealth creation while reducing dependence on a single market.

NRI Investment Plans for Every Goal

Every financial goal deserves an investment plan that matches its timeline and purpose. Whether you want guaranteed savings, long-term market participation, retirement planning, or a dedicated corpus for your child's future, Ageas Federal offers investment solutions designed around different financial needs.

Whether your objective is wealth creation, retirement planning, preserving family wealth, or funding your child's education in India, choosing the right investment plan can help you stay on track towards your long-term financial goals.

Use the investment calculator to estimate your contributions and choose a plan aligned with your goals. The projected values are illustrative and depend on the selected investment option.

Should you invest in India or locally in Canada?

The answer depends on where your financial goals are based. If your future plans involve India, such as buying a home, funding your children's education, supporting your family, or retiring there, an India-issued investment plan can help you build your savings directly in Indian Rupees.

Investment FactorIndia-issued Investment PlanLocal Investment Options
Investment CurrencyIndian Rupees (INR)Canadian Dollar (CAD) or other currencies
Financial GoalIndia-based goalsCanada or overseas goals
Remote InvestmentAvailable for eligible NRIsDepends on local provider
NRE/NRO BankingSupportedNot Applicable
Tax ConsiderationIndia–Canada DTAA may applySubject to Canadian regulations
Regulatory AuthorityIRDAIApplicable Canadian Regulatory Authority

Ageas Federal currently offers investment plans issued in Indian Rupees. If your long-term financial goals are in India, an INR-denominated investment is often a practical choice. If your future goals are permanently outside India, another international investment solution may complement your portfolio.

For many Canada-based NRIs, investing in both Indian and Canadian financial products can be an effective strategy to diversify assets, manage currency exposure, and work towards long-term financial security across both countries.

What should NRIs in Canada check before investing in India?

Before selecting an investment plan, it is important to evaluate whether it genuinely supports your financial objectives instead of choosing solely based on expected returns.

1. Define Your Financial Goal

Start by identifying the purpose of your investment. Whether you are planning for retirement, purchasing property, funding higher education, or creating a legacy, the target amount and investment horizon should guide your decision.

If you are earning in Canadian Dollars (CAD) while planning future expenses in India, selecting investments aligned with your long-term financial goals can also help you manage currency fluctuations more effectively.

2. Match the Plan with Your Time Horizon

Long-term goals may benefit from market-linked investment options such as ULIPs, whereas guaranteed savings plans may be more suitable for goals with a fixed timeline.

ULIPs are market-linked investments. The investment risk is borne by the policyholder and includes a mandatory five-year lock-in period.

3. Provide Accurate Information

Your residency status, financial details, income, and medical information (where applicable) should always be disclosed accurately. This helps ensure smooth policy issuance and servicing throughout the policy term.

Eligible NRIs residing in Canada should also ensure that their KYC documents, overseas address proof, passport details, and banking information remain updated throughout the policy tenure.

4. Understand the Tax Rules

Investment taxation differs across financial products. Before investing, understand the applicable Indian tax provisions and the benefits available under the India-Canada Double Taxation Avoidance Agreement (DTAA). Professional tax advice is recommended based on your individual financial circumstances.

NRIs should also consider applicable reporting requirements under the Canada Revenue Agency (CRA), wherever relevant, before making investment decisions.

Start Investing in About 10 Minutes

Step 1

Step 1

Share your basic details, financial goal, income, and NRI status.
Step 2

Step 2

Choose the investment plan that best matches your objectives.
Step 3

Step 3

Complete your remote KYC verification.
Step 4

Step 4

Invest online and manage your policy digitally from Canada.

Check Your Eligibility to Invest from Canada

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EntryAge 18-66 years
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ResidencyNRI / OCI / PIO residing in Canada
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Passport,Canadian Visa, Work Permit or Permanent Residency Proof (where applicable), PAN or Form 60
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BankAccount NRE or NRO Account Required
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IncomeProof

Salary Slips, Employment Letter or Bank Statements

Who Can Apply?

  • ✔ Non-Resident Indians (NRIs)
  • ✔ Overseas Citizens of India (OCIs)
  • ✔ Persons of Indian Origin (PIOs)
  • ✔ Indian citizens working or residing in Canada on employment, business, study, or other eligible visa categories


How can NRIs in Canada pay for Investment Plans?

NRE or NRO Account

The most common investment route is through your NRE or NRO account. These accounts allow you to make contributions in accordance with applicable banking and regulatory guidelines while also facilitating eligible policy payouts.

Foreign Currency Remittance

Eligible investors may remit funds from Canada, which are converted into Indian Rupees through the applicable banking channels before being invested into the selected plan, wherever permitted.

This enables NRIs earning in Canadian Dollars (CAD) to invest in India while supporting long-term financial goals such as retirement, wealth creation, or family financial security.

Auto-Debit Facility

You can also choose automated premium payments to keep your investment journey uninterrupted. Regular contributions help maintain investment discipline and ensure the policy continues as intended throughout the chosen term.

Depending on the available banking facilities, automated premium payments can be scheduled through eligible NRE or NRO accounts, helping NRIs invest consistently without missing premium due dates.

How are NRI investments in India taxed for Canada residents?

Capital Gains Tax:

Understanding taxation is an important part of investing in India. For NRIs residing in Canada, taxation generally depends on the type of investment, applicable Indian tax laws, and the provisions of the India-Canada Double Taxation Avoidance Agreement (DTAA). Tax treatment may vary based on your financial profile, so professional advice is recommended.

Returns earned from investments such as equity, mutual funds, real estate, or other capital assets may be subject to capital gains tax in India. Certain exemptions may be available under the Income Tax Act, subject to the applicable conditions.

Tax Benefits on Life Insurance Plans:Life insurance plans have a separate tax treatment from general investments. Eligible maturity and death benefits may qualify for tax benefits under the applicable provisions of the Income Tax Act, subject to prevailing rules and conditions.

Tax Deduction on Premiums:NRIs having taxable income in India may be eligible to claim deductions on qualifying life insurance premiums under the applicable provisions of the Income Tax Act, subject to the prescribed limits and the tax regime chosen.

DTAA Benefits:

The India–Canada Double Taxation Avoidance Agreement (DTAA) helps reduce the possibility of the same income being taxed twice. Eligible investors may claim applicable relief by fulfilling the required documentation and regulatory conditions.

NRIs residing in Canada should also consider applicable reporting requirements under the Canada Revenue Agency (CRA), wherever relevant. Consulting a qualified tax professional can help ensure compliance with both Indian and Canadian tax regulations.

Individual life insurance premiums attract 0% GST effective 22 September 2025.

Disclaimer: Tax laws are subject to change and depend on your individual circumstances. Ageas Federal Life Insurance does not provide tax advice. Please consult a qualified tax advisor before making investment decisions.

Documents Required & How to Start

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Identity Proof

Keep the following documents ready while applying for an NRI investment plan:

All required

Accepted Documents

  • Valid Passport
  • Canadian Visa, Work Permit or Permanent Residency Proof (where applicable)
  • PAN Card or Form 60 (where applicable)
  • Overseas Address Proof
  • NRE or NRO Bank Account Details
  • Income Proof, wherever applicable

Upload a recent, clear passport size photograph.
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How to Start

  • Step 1

    Open or use your NRE/NRO account.

  • Step 2

    Complete Video KYC.

  • Step 3

    Select an investment plan based on your financial goals.

  • Step 4

    Invest online and manage your policy digitally from Canada.

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Ways to Pay

  • NRE Account
  • NRO Account
  • Eligible Foreign Currency Remittance
  • Online Auto-Debit Facility

Trusted by NRI Families

Thousands of NRIs trust Ageas Federal for their long-term financial planning needs. Explore genuine customer experiences and learn how our investment solutions help families stay financially connected with India.

Whether you are living in Canada temporarily or planning to return to India in the future, Ageas Federal helps you work towards your financial goals through investment solutions designed for the evolving needs of NRIs.

Trusted by NRI Families Worldwide

icon-shield-green-xs.pngIRDAI Approved
icon-users-xs.png25 Lakh+ Customers
icon-award-badge-xs.pngClaim Settlement 99.82%
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★★★★★

“I am grateful to Mr Madhukar Shinde & Agess Federal Life for their incredible assistance in processing my wife's death claim.
Ageas Federal life's prompt service amazed me as I received the claim amount within 24 Hours of applying.”

AP

Ashok Pagare

Mumbai, Maharashtra

★★★★★

“I've been a customer of Ageas Federal Life Insurance for several years now, and I couldn't be happier with their service. One of the aspects that truly stands out to me is their seamless renewal payment process.”

KD

Kunal Dalvi

Pune, Maharashtra

★★★★★

“My experience with Ageas Federal has been nothing short of exceptional. From the moment I reached out to inquire about their policy, I was met with a smooth and efficient process that left me feeling assured. ”

DR

Dharmendra Rathod

Bangaluru, Karnataka

Which Ageas Federal Investment Plan Fits NRIs in Oman?

Whether your goal is wealth creation, guaranteed savings, retirement planning, or securing your family's future, Ageas Federal offers investment solutions designed around different financial needs.

Why Choose an Ageas Federal Investment Plan?

  • Savings and investment options for different life goals
  • Remote onboarding and policy servicing for eligible NRIs
  • Life insurance protection built into eligible investment plans
  • Convenient digital investment journey for NRIs residing in Canada
  • Flexible investment options aligned with different financial goals and risk profiles

→ Calculate Returns

Need Assistance?

Speak with our dedicated NRI investment specialists to understand your options and choose a plan that aligns with your financial goals.

Share Your Experience

Already an Ageas Federal customer?

Share your investment experience and help fellow NRIs make informed financial decisions. Every review is moderated before publication to ensure authenticity and relevance.

Your experience as an NRI living in Canada can help other investors better understand how India-issued investment plans support long-term financial planning while living overseas.

Promises Made Possible

Discover how Ageas Federal has helped customers plan for life's important milestones through savings, protection, retirement, and investment solutions.

Whether your goal is creating wealth in India, planning for retirement, funding your child's education, or protecting your family's future, Ageas Federal offers investment solutions designed to support every stage of your financial journey.

About Ageas Federal Life Insurance

Ageas Federal Life Insurance is an IRDAI-regulated life insurance company and a joint venture between Federal Bank and Ageas. With solutions across protection, savings, retirement, investment, annuity, and health insurance, the company serves customers in India and abroad through digital servicing designed for NRIs.

Eligible NRIs residing in Canada can access Ageas Federal's digital onboarding and policy servicing facilities, making it easier to invest in India while managing their investments from overseas.

Ageas Federal continues to help individuals and families build financial confidence with solutions designed for different life stages.

Step Closer To The Life You’ve Imagined With Our Featured Plan

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Ageas Federal Is A Trusted Life Insurance Partner

At Ageas Federal Life Insurance, we are dedicated to creating meaningful insurance solutions that help individuals build a secure and confident future. With over a decade of experience, we offer a wide range of plans across protection, pension, savings, investment, annuity, and health, designed to support evolving financial needs at every stage of life.

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Frequently Asked Questions

Yes. Eligible NRIs can invest in India remotely by completing the required KYC process and investing through their NRE or NRO account. Depending on the selected investment plan and underwriting requirements, most of the application process can be completed online.

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Ageas Federal Life Insurance Company Limited is an IRDAI-regulated life insurer. Investment-linked insurance plans are subject to the terms and conditions of the respective policy.

For Unit Linked Insurance Plans (ULIPs), the investment risk in the investment portfolio is borne by the policyholder. ULIPs are subject to a mandatory five-year lock-in period. Past performance is not indicative of future performance.

Any figures generated through online calculators are illustrative in nature and should not be considered as guaranteed returns.

Tax benefits, GST provisions, and benefits under applicable laws are subject to amendments in tax regulations and individual eligibility. Customers are advised to consult qualified financial and tax professionals before making investment decisions.

For NRIs residing in Canada, investments should also comply with applicable Indian regulations, FEMA provisions, and relevant Canadian tax and reporting requirements wherever applicable.

Please read the sales brochure and policy document carefully before purchasing any insurance product.

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