Insurance Help

LIC offers its services to Non Resident Indians (NRI) as well as to people of Indian Origin(PIO) having foreign nationality and residing in Foreign countries.

In Indian currency through its Offices in India
In foreign currency through its various overseas branch offices and subsidiaries
Existing policies completed before leaving India will continue as valid policy in India currency and premium can be continued through different modes listed below. NRI questionnaire is required to be submitted
Financial Services for NRIs Insurance to Non-Resident Indians and Foreign national of India Origin.
LIC Housing Finance Ltd. Offers specially designed Housing Loan Schemes to NRIs.
LIC Mutual Fund Schemes : Investment Opportunity to NRIs.
Insurance in foreign currency from foreign offices and subsidary companies.
Questionnaire for Non Resident Indians.(Word Format).

Insurance to Non-Resident Indians and Foreign national of India Origin.

Indian Currency policy:

Insurance to Non Resident Indians and Foreign Nationals of Indian Origin from any of our 2048 Branches in India in Indian Currency:


ELIGIBILITY CRITERIA

NRIs holding valid passport issued by the Govt. of India and who are INDIAN NATIONAL can take L.I.C. policies in Indian Rupee currency from any of our 2048 Branches in India.
We also entertain proposals for Life Insurance in Rupee currency from persons of Indian origin who have acquired foreign nationality / green card holders. ons.

On their visit to India. All the formalities of proposal completion, medical examination reports/Special reports and Moral hazard report are required to be completed during their stay in India.
From their present country of residence through Mail Order Business. All the formalities of proposal completion, obtaining medical & special reports etc are to be completed in the present country of residence. (Applicable to NRIs only)



WE OFFER YOU:

Financial Security to you for covering RISK on your LIFE.
Financial SECURITY to the couple.
Plan to guarantee EDUCATION of your Children.
Plan to provide for MARRIAGE of daughters.
Plans to provide for PENSION in OLD AGE.
Plans providing PERIODICAL PAYMENTS to meet special needs during LIFE TIME.
Plans for Housing Loan from LIC Housing Finance Ltd. to build your DREAM HOUSE.





SELECTING A PLAN

To select a plan as per your needs, please choose from the "Schemes" and then from"Plans", on our WEBSITE.

HOW MUCH TO PAY?

Please click on "Premium Calculations" to get instalment premium for the selected plan at your age, for the sum to be assured and the term for which policy is desired. Facility for payment of premium in Quarterly, Half yearly and Yearly modes are available.

HOW TO APPLY? ( For Mail Order From NRIs)
To obtain insurance on your own life, use "Proposal for Insurance on Own Life" which you can conveniently download right away from option "On Line Forms" For other plans, please download appropriate Proposal Form from the option "On Line Forms". Kindly complete the Non-Resident Questionnaire available at "On Line Forms".

COMPLETION OF POLICY ( For Mail Order From NRIs)

Please read carefully 'Completion of Proposal Form' and 'Medical Examination Procedure' for completion of documents request your Medical Examiner to send his Medical Report. Enclose copy of your PASSPORT towards age. Other Proposal papers and Full deposit towards the First Premium by AIR MAIL directly to the Branch / Divisional Office convenient to you for underwriting and completion of policy. Please hand over a Stamped envelope with the address of the office of the Corporation to the Doctor for Dispatching papers.

For Email address of our Zonal / Divisional Offices, please select the option "Contact us" on this web site. You can get POSTAL ADDRESS from Zonal / Divisional Office.

REMITTANCE OF PREMIUM

The Reserve Bank of India permits payment of premium in one of the following ways
By payment out of funds held in Non-Resident (External) or Foreign currency (Non- Resident ) Account with Bank in India.
By cheques drawn by non-Resident policy holder on Bank Accounts held in India in his Own name (either solely or jointly) with another member of the family) whether or not the Account has been designated as non-resident.
By cheque drawn on account maintained by resident parent or spouse of policyholder in Their own name or joint names with other close relatives.
By the absolute Assignee in India wherever such policies have been absolutely
assigned To a resident in India.
By the employers in respect of policies issued to their employees who have been deputed Abroad by them .
Premiums can be paid in cash by a resident parent or spouse of the non-resident Policyholder subject to his/her submitting a letter stating the relationship with the Policyholder.
Premiums due on policies issued to Indian students who have gone abroad for higher Studies may be collected in Rupees out of the Resident Bank Account in India or any of their representatives in India by cash or cheques.
SETTLEMENT OF CLAIMS

Claims of any nature arising under the policy will be settled in Indian currency in India. The payment of policy moneys in foreign currency can be made proportionate to the premiums paid in foreign currency by direct Remittance or from the Non Resident (External) Account or Foreign currency Non Resident Account with a Bank in India.