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LIC Policy For NRI
Life Insurance Corporation (LIC) of India allows Non-Resident Indians (NRIs) and Foreign Nationals of Indian Origin (FNIOs) or Green Card Holders to purchase various products offered by the corporation. The purchase comes with terms conditions and we have tried to provide all necessary information for availing LIC a policy by NRIs/FNIOs/Green Card holder.
Who are NRIs for LIC Policy Purchase?
Before heading to LIC website, please keep following information ready.
- A non-resident Indian is a citizen of India temporarily residing in the country of his/her present residence and holding a valid passport issued by the Government of India.
- NRI should not be a green card holder and should not have applied for or planning to apply for acquiring citizenship of any other country.
- People of Indian Origin having foreign nationality and residing in foreign countries FNIOs/ Green card holders are not considered as NRIs for the purpose of allowing insurance policy.
FNIOs/OCI/Green Card Holder
These are individual who are foreign citizen with Indian origin and having valid OCI card.
How NRIs/FNIOs can purchase LIC Policy?
LIC Policies can be purchase by above individual with some restrictions. There are two ways to complete a policy purchase from LIC of India.
- NRIs are allowed to purchase LIC policy on their visit to India and all formalities are completed in India only. Such cases are treated same as normal citizens of India for the purpose of insurance purchase.
- The second method is called Mail Order Business, where are formalities are completed in the country of residence.
For more details, please call or whatsapp on +91-91364-19731 to talk to our NRI Policy Expert. You may also post your queries in the comments box below, we assure swift reply.
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