1. Who Qualifies as an NRI for LIC Policies?
An NRI (Non-Resident Indian) is an Indian citizen residing outside India for employment, business, or vacation purposes. LIC allows NRIs to apply for insurance if they meet any of the following conditions:
- Indian passport holder living abroad.
- Person of Indian Origin (PIO) or Overseas Citizen of India (OCI) with valid documentation (select policies).
- Age between 18–60 years (for most plans).
Tip: LIC does not currently extend policies to foreign citizens (non-Indian passport holders) unless covered under special schemes.
2. Application Process: In India or Abroad
Option 1: During Visit to India
- Apply like any resident.
- Complete KYC, medicals, and policy formalities during your stay.
Option 2: Mail Order Business (MOB)
- Apply from your country of residence.
- Documents must be attested by an Indian embassy official, notary, or LIC-authorized entity.
- Medicals can be done in local country (via approved panel).
Note: MOB is limited to select countries and policies. The maximum sum assured is typically INR 3 crore.
. Required Documents
- Completed LIC proposal form (offline or online).
- Attested passport and visa copy.
- NRI questionnaire.
- Medical reports (if applicable).
- Income proof (ITR, salary slip, etc.).
- Proof of address in India and abroad.
- Initial premium payment.
Premiums can be paid from NRE/NRO accounts in Indian Rupees.
4. Best LIC Plans for NRIs (2025)
LIC Jeevan Labh
- High returns + limited premium.
LIC Jeevan Umang
- Lifetime income, maturity at 100 years.
LIC Nivesh Plus
- Single premium ULIP plan.
LIC Jeevan Shanti
- Guaranteed annuity pension.
LIC Jeevan Akshay VII
- Immediate annuity with options.
5. Country-Specific Guidance
| Country | MOB Support | Premium Payment | Notarization Needed |
|---|---|---|---|
| UAE | ✅ | NRE/NRO/Indian banks | Yes |
| USA | ✅ (limited) | Wire, NRE/NRO | Yes |
| UK | ✅ | Online INR payment | Yes |
| Canada | ❌ (mostly) | Not supported | N/A |
Check latest country list on LIC’s NRI Centre