Why Should NRIs in the USA buy LIC Plans?

LIC Plans for NRIs in the USA are one of the best ways to secure the financial future of your loved ones living in India. The insurance plans offered by the Life Insurance Corporation of India cater to the insurance needs of every individual at very affordable rates. 

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

LIC Plans for NRIs in the United States of America- An Overview

LIC Plans for NRIs living in the United States of America (USA) are the life insurance plans offered to those Indians who are currently living/working/studying in the USA. These plans not only provide financial security but also offer peace of mind to the Non-Residential Indians knowing that their family's financial needs will be taken care of in their absence.

Best LIC Plans for NRIs in the USA

Below mentioned are some of the best LIC plans that are designed for NRIs in the USA

Plan Name Entry Age Maximum Maturity Age Sum Assured (in Rs.)
LIC SIIP 90 days-65 years 85 years 7 times annualized premium*
LIC Jeevan Umang 90 days-55 years 100 years- Age at entry 2 Lakhs to No Limit
LIC Jeevan Lakshya 18-50 years 65 years 1 Lakh to No Limit
LIC New Jeevan Anand 18-50 years 75 years 1 Lakh to No Limit
LIC Jeevan Labh 8 years- 59 years 75 years 2 Lakhs to No Limit

Reasons to Buy LIC Plans for NRIs in the USA

  1. Oldest and trustworthy Name

    LIC is one of the oldest life insurance companies in India. The company started its operations in 1956 and is still one of the preferred insurance companies among Indians. By buying LIC 

    plans for your family, you can ensure your family’s financial stability.

  2. Death Benefit

    LIC plans for NRIs offer death benefits to the nominee in case of the policyholder’s death during the policy tenure. The amount received as the Death benefit can help the family members of the policyholder to cope with the income loss.

  3. Maturity Benefit

    In case the policyholder survives till the end of the policy tenure, the LIC Plans for the NRIs offer maturity benefits to the policyholder. The policyholder can use the amount to achieve his/her future goals.

  4. Wide Coverage at affordable prices

    LIC Plans come with comparatively affordable prices compared to other international life insurance. For example, to buy LIC New Jeevan Anand with Rs. 1 Crore coverage, you need to pay just Rs. 2,306* per day in India.

  5. GST Exemption

    The LIC would exclude NRI residents of the USA from GST if they pay the premiums out of their NRE accounts. The GST is assessed at a rate of 4.5% for the initial premium and thereafter at 2.25% for subsequent premiums.


Who Should Buy LIC Plans for NRIs?

LIC policy for NRIs is an ideal plan for:

  1. Sole Breadwinner of the Family

    Being the sole earner of the family, your family will suffer a lot if something unfortunate happens to you while working in the USA. Thus, to ensure your family’s security, it is important to have a LIC Plan for NRIs.

  2. Individuals with Outstanding Loans and Debts

    Students Loan, Home Loans, or any other personal loans may cause financial hardship amongst your family members after your death. Thus, to avoid such situations you can buy LIC plans for NRI and ensure that your loved ones can take care of the outstanding loans with the insurance amount.

  3. Individuals willing to create a financial cushion for future

    The LIC Plans for NRI offers maturity benefits in case the policyholder outlives the policy term. Thus, with this feature, you can save your money by investing in any of the LIC plans and can create a corpus for your financial needs.

Wrapping it Up

Geographical boundaries are no longer the barrier for NRIs living in the USA. An NRI can easily opt for LIC Plans and can secure the financial future of their family. These affordable plans offered by the LIC are the best way to secure your and your family’s future.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL