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WE
CATER TO THE LIFE INSURANCE NEEDS OF NON RESIDENT
INDIAN WORKING ABROAD THOUSANDS OF MILES AWAY
FROM THE HOMELAND.
WE OFFER YOU :
Financial Security
to you for covering RISK on your LIFE.
Financial SECURITY
to the couple .
Plan to guarantee
EDUCATION of your Children.
Plan to provide
for MARRIAGE of daughters.
Plans to provide
for PENSION in OLD AGE.
Plans providing
PERIODICAL PAYMENTS to meet special needs during
LIFE TIME .
Plans for Housing
Loan from LIC Housing Finance Ltd. to build your
DREAM HOUSE.
YOU
HAVE A NEED .........WE HAVE A SOLUTION ………….
ELIGIBILITY
CRITERIA
NRIs holding valid
passport issued by the Govt. of India and who
are INDIAN NATIONAL Can take L.I.C. policies in
Indian Rupee currency either
(I) during their short visit to India from any
of our 2048 branch offices spread all over India
OR
(II) Can avail insurance from country of his temporary
residence on MAIL ORDER BASIS.
SELECTING A
PLAN
To select a plan
as per your needs, please choose from the "Plans"
HOW MUCH TO
PAY ?
Kindly Contact
Us with your details to get the exact Premium
to paid..
HOW TO APPLY?
To obtain insurance
on your own life, use "Proposal
for Insurance on Own Life". For other
plans, please download appropriate Proposal
Form. NRI's availing any Policy kindly complete
the Non-Resident Questionnaire.
COMPLETION OF
POLICY
Please read carefully
'Completion of Proposal
Form' and 'Medical
Examination Procedure' for completion of documents
request your Medical Examiner to send his Medical
Report. Enclose copy of your PASSPORT towards
age . Other Proposal papers and Full deposit towards
the First Premium by AIR MAIL directly to the
Branch / Divisional Office convenient to you for
underwriting and completion of policy. Please
hand over a Stamped envelope with the address
of the office of the Corporation to the Doctor
for Dispatching papers.
REMITTANCE OF
PREMIUM
The Reserve Bank
of India permits payment of premium in one of
the following ways :
- By direct remmitance
from abroad through banking channels in approved
manner (preferably by Indian Rupee drafts drawn
in favour of L.I.C. Of India) or by remittance
through postal channels like Foreign Money Order.
- By payment out
of funds held in Non-Resident (External) or
Foreign currency (Non- Resident ) Account with
Bank in India.
- By cheques drawn
by non-Resident policy holder on Bank Accounts
held in India in his Own name (either solely
or jointly) with another member of the family)
whether or not the Account has been designated
as non-resident.
- By cheque drawn
on account maintained by resident parent or
spouse of policyholder in Their own name or
joint names with other close relatives.
- By the absolute
Assignee in India wherever such policies have
been absolutely assigned To a resident in India.
- By the employers
in respect of policies issued to their employees
who have been deputed Abroad by them .
- Premiums can
be paid in cash by a resident parent or spouse
of the non-resident Policyholder subject to
his/her submitting a letter stating the relationship
with the Policyholder.
- Premiums due
on policies issued to Indian students who have
gone abroad for higher Studies may be collected
in Rupees out of the Resident Bank Account in
India or any of their representatives in India
by cash or cheques.
EXPORT OF POLICY
As per the new
LIM policy can be exported out of India otherwise
it can be retained in L.I.C. Office to be handed
over to you, when you visit India next or can
be sent to Resident of India to be named by you
or to your banker for safe custody.
SETTLEMENT OF
CLAIMS
Claims of any nature
arising under the policy will be settled in Indian
currency in India. The payment of policy moneys
in foreign currency can be made on getting approval
from Reserve Bank of India. Present Exchange Control
Regulations, permit policy moneys Payment in foreign
currency proportionate to the premiums paid in
foreign currency by direct Remittance or from
the Non Resident (External) Account or Foreign
currency Non Resident Account with a Bank in India.
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