LIC Plans For NRI

LIC plans for NRIs offer protection and financial security to the policyholder and his family. Living far from your family, and securing your family’s financial needs is your responsibility. With LIC Insurance plans for NRI, you can ensure that your family living in India will be financially stable if something unfortunate happens to you. 

Read more
Benefits of LIC Plans
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
High returns market link plans
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold
Now Available on Policybazaar
Grow your wealth 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 agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

What are LIC Plans for NRI

LIC for NRI are the plans designed by LIC, especially for those individuals who live in a foreign country. Like Indian residents, NRIs are also eligible for these plans. The company offers more than 32 policies to the NRIs to cater to the different insurance needs of the policyholder. Below mentioned are some of the best LIC policies for NRIs that best fulfill their objectives. Take a look:

  1. LIC Jeevan Labh

    A limited premium paying plan that offers the combination of life security and investment. The plan is ideal for those individuals who have shifted abroad for job or study purposes. 

  2. LIC Jeevan Lakhsya

    A comprehensive plan that comes with a combined benefit of savings and life coverage. With the availability of two riders, the policyholder has the option to increase their coverage.

  3. LIC Jeevan Shiromani

    Designed for High Net-worth Individuals, NRIs, Businessmen, Merchant Navy Officers, Pilots and other High Salaried Individuals, LIC Jeevan Shiromani offers the basic sum assured of Rs. 1 Crore.

  4. LIC New Jeevan Anand

    Along with the Death benefit, LIC New Jeevan Anand offers Basic Sum Assured + Simple Reversionary Bonuses Final Additional Bonus at the time of maturity and helps them to fulfill their future financial needs. The plan can be bought for 15 years to 35 years.

  5. LIC Jeevan Umang for NRIs

    LIC Jeevan Umang is an endowment plan that comes with coverage of up to 100 years. Under the plan, along with death and maturity benefits, the plan also offers survival benefits.

  6. LIC Pension Plan Jeevan Shanti

    LIC Jeevan Shanti is a guaranteed pension policy that offers a systematic flow of income against a one-time payment of premium. Additionally, a deferred option of 105% insurance coverage is also available

  7. LIC Bima Shree

    A money-back plan that comes with a limited premium payment term. The plan has a minimum sum assured of Rs. 10 Lakhs and offers Guaranteed Additions and Loyalty Additions at maturity.

  8. LIC Single Premium Endowment

    A one-time investment plan that looks after your long-term financial goals and ensures that your family’s financial needs are looked after your demise. The plan is available to everyone between the age of 90 days and 65 years.

Why Should NRI’s Buy LIC Plans?

Buying LIC plans for NRI offers several advantages such as:

  1. Death Benefit

    LIC plans offer death benefits to the nominee in case the policyholder dies during the policy term of the policy. The death benefit is calculated as the higher of:

    Sum Assured, or

    11 times of the annualized premium

  2. Maturity Benefit

    In case the policyholder survives till the end of the policy term, he/she is eligible to receive maturity benefit. The money received can be further used by the policyholder to fulfill his/her future goals.

  3. Loan against your policy

    To help you to fulfill your liquidity needs. LIC allows you to take a loan against your policy where you can opt for a loan at an interest rate of 9.5% charged half-yearly.


Points to Consider Before Buying LIC Plans for NRI’s

  1. Eligibility Check

    NRI’s are eligible to buy LIC plans in India only after certain eligibility criteria are met. One is eligible to buy LIC for NRI only if:

    • They have possessed an Indian passport at some point in their life.

    • Under the Citizenship Act, of 1965 either the parents or grandparents of the individual have been citizens of India.

    • They have an Indian Spouse.

  2. Do Your Research on Taxation Criteria

    Taxation Slabs are different in every country. Thus, you need to gather all the information regarding the tax slabs prevailing in your country on investment, accumulation, and maturity and then buy a plan.

  3. Medical Examinations

    To buy LIC for NRIs, you have to undergo a medical examination. However one has the option to do the medical examinations in your residential foreign country and send the report to the insurer in India. In this case, the policyholder will have to bear the cost of all the examinations and the company will not be liable for the cost incurred.

Bottom Line

LIC for NRI are the perfect blend of life security and savings. These plans ensure that while living abroad you don’t have to worry about the financial future of your family. The plans offer a host of benefits and act as a helping hand in helping you to achieve your financial goals.

FAQ's

  • Q: Can NRIs living in Canada buy LIC Policy in India?

    Ans: Yes, NRI’s living abroad are eligible to buy LIC Policy. Also, Foreign Nationals of Indian Origin, People of Indian Origin, and Green Card Holders can buy a LIC policy.
  • Q: What will happen to my LIC Policy if I move abroad?

    Ans: Your LIC Policy will not get affected. The terms & conditions of the policy, benefits, maturity, etc will remain the same as per the policy terms. All you need to do is timely pay your premiums to enjoy uninterrupted coverage.
  • Q: Do I need to be present in India to buy LIC NRI Insurance plans?

    Ans: No, not necessarily. You can buy LIC Plans for NRI by completing all the formalities from your present country of residence through the Mail Order Business.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+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
Need guidance? Ask here
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
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

LIC of India articles

Recent Articles
Popular Articles
LIC Jeevan Utsav vs LIC Jeevan Umang

07 Jun 2024

4 min read

LIC Jeevan Utsav and LIC Jeevan Umang are two popular insurance
Read more
Review of LIC Index Plus

07 Jun 2024

2 min read

I recently bought LIC's Index Plus plan, which has provided me
Read more
LIC Versus PPF

05 Jun 2024

3 min read

When it comes to financial planning in India, two of the most
Read more
LIC Amritbaal Premium Calculator

29 Mar 2024

2 min read

LIC Amritbaal Premium and Maturity Calculator is an online tool
Read more
LIC New Endowment Plan Maturity and Premium Calculator

04 Mar 2024

2 min read

LIC's New Endowment Plan premium and maturity calculator allows
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
How to Check the Maturity Amount of LIC Policies?

3 min read

The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL