14 Jul

Is LIC valid for non-resident Indians NRI?

Yes, LIC (Life Insurance Corporation of India) provides insurance coverage for non-resident Indians (NRIs). LIC offers various insurance plans that cater specifically to the insurance needs of NRIs. These plans may include options for premium payments in foreign currency and provide coverage even if the policyholder resides outside of India.

NRIs can purchase LIC policies while they are in India or from their country of residence, depending on the specific policies and regulations in place. It’s important to note that the availability of LIC plans and the terms and conditions may vary for NRIs compared to residents of India.

If you are an NRI and interested in purchasing an LIC policy or have specific questions regarding LIC’s offerings for NRIs, I recommend contacting LIC directly or visiting their official website for the most accurate and up-to-date information. They will be able to guide you through the process and provide you with the relevant details based on your specific circumstances.