LIC offers NRI policy assistance. If you are an NRI, you can buy the LIC Insurance or investment plan on your visit to India or you can get it through Mail Order Business.
If you are an NRI, you are allowed to take an insurance plan from LIC on your visit to India where all formalities are completed during your stay in India. In such cases, you would be treated on par with Indian Lives for the purpose of allowing insurance.
You may also obtain insurance cover from your present country of residence (Abroad) where all formalities are completed in your current country of residence and this process is called ‘Mail Order Business’.
Contact your LIC Agent, if you are visiting India and want to buy LIC Policy.
The Minimum Age is 18 years and maximum is 55-60 years on entry date depending on your profile and the policy that you choose. Usually NRIs go for High Networth or Term Plan insurance.
Can an NRI invest in LIC?
Yes, an NRI can invest in LIC.
Can NRI take an insurance policy in India?
Yes, NRI can take an insurance policy in India. NRI are allowed to purchase insurance policies in India as long as they meet the eligibility criteria set by the insurer.