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About Nribima
Why LIC Insurance
Indians residing in and outside their home country see the need to invest in life insurance. As a major earner of the house, it makes him/her more safe and secure. A life insurance policy comes in handy when one most needs it. LIC Offers a number of policies and it is backed up by a sovereign guarantee by the government of India. LIC policies provide a solid financial backup to the person & family. As the famous words “Zindagi Ke Saath Bhi Zindagi Ke Baad Bhi” so its relevance is. Each day so many NRIs are going for these options to save their money.
01.
Customized solutions for NRIs
we offer varied services. set to NRI/FNIO, in the sector for new products. as well as for their ongoing Plans related matters. according to needs with the latest updated requirements.
02.
Claims/ Payments
We help you in getting your claims ( all types of survival benefit / Maturity/ death) paid to your account in time & for overdue payments too.
03.
Solution for Indian Relatives
We also have financial solutions plans for your family members who are in India with options of Individual / Joint name as your need and choice.
04.
Relocate in India
If you are relocating yourself in India or may do so in the future please contact us for good plans. (Special Provisions for People who comes back from U.K)
NRI Centre
Welcome to the NRI Centre, we provide complete information about LIC plans that cater to the specific needs of NRIs (Non-Resident Indians) and FNIOS (Foreign National of India Origin).
People of India, residing out of India are classified into two categories
NRI
NRI- Non-Resident Indian wherein the person must be an Indian Citizen with a valid Indian passport. He/she may be currently living in another country, but should not hold citizenship of the foreign country.
FNIO
Foreign National of Indian Origin (FNIO), wherein the person lives in a foreign country and also holds citizenship of that country or whose ancestors were Indian citizens. OCI / Green Card Holders are treated as FNIOs
Financial Support
Cost Effective
Best Fulfills the
Tax Benefits
Residence Groups
LIC has divided countries into 5 different groups with different rules as to what type of plans can be allowed in those countries & the procedures for the same.
Group V has the maximum number of countries 121.
- Minimum plans are allowed for them
- No residence extra premium is charged.
- Ri like AB, TR & PWB are allowed
Rest groups I, II, III,& IV have a lesser number of countries & rules are different for them as well, depending upon the group the said countries belong to
How to Buy?
On their visit to India
NRI/FNIO during a visit to India he/she can buy a policy from LIC like Indian Residents does, with few requirements.
Mail Order Business (MOB)-
It is when an (NRI/FNIO) person wants to buy a policy from LIC but he/she is out of India. This provides freedom to the interested person to buy the policy anytime from the country he/she is residing in. Recently the changes in the rules by LIC have made it much easier for NRI/FNIO to go for the “mail order business” option.
Note– MOB is allowed only for group V countries.
FNIOs must have OCI cards for MOB
- LIC has simplified the procedure to a great extent for NRIs & FNIOs. A few requirements in general include-
- Passport
- Visa
- Bank statements/salary details
- NRI questionnaire
- Employment (contract) letter
- Self Certification From FATCA / CRS
- Copy of academic qualifications
- Travel questionnaire (If required)
- Medical reports (if required)
- Video medical (if required)
