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: Tip: LIC does not currently extend policies to foreign citizens (non-Indian passport holders) unless […]
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Still have doubts about LIC policies as an NRI? This FAQ answers the most common questions about buying, maintaining, and claiming LIC policies while living abroad. 1. Can NRIs buy LIC policies while living outside India? Yes. NRIs, OCIs, and PIOs can purchase LIC policies without being physically present in India. The process can be
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Are LIC premiums and maturity amounts taxable for NRIs? Can you claim deductions? This guide explains all NRI LIC tax benefits under Indian law – in simple terms. Do NRIs Get Tax Benefits on LIC Policies? Yes, NRIs can claim tax benefits under the Indian Income Tax Act if they have taxable income in India.
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Can NRIs Buy LIC Policy from Abroad? – A 2025 Guide Wondering if you can buy an LIC policy without visiting India? The answer is YES. This guide explains how NRIs, OCIs, and PIOs can easily buy LIC policies from outside India. Can NRIs Buy LIC Policy Without Coming to India? Yes, LIC allows NRIs
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LIC for NRIs – A Complete 2025 Guide to Buying LIC Policy from Abroad Are you an NRI looking to invest in LIC policies from outside India? This guide will walk you through everything you need to know – from eligibility and payment methods to choosing the right plan and making claims. What is an
Introduction Life Insurance Corporation of India (LIC) is one of the most trusted insurance providers, known for its financial stability and diverse range of policies. For Non-Resident Indians (NRIs) living in the UAE, investing in LIC policies offers a great way to secure their family’s future in India, build savings, and avail tax benefits. If
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LIC Policy for NRI in UAE | Trusted by NRIs | InsuringGurgaon LIC Policy for NRI in UAE Understand your insurance options, tax benefits, and how to apply from UAE. Why LIC is Ideal for NRIs in the UAE? Trusted brand with high claim settlement ratio (98.52% in FY 2022–23) Lower premiums compared to Western
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