Dec 29 2009

Query on LIC Policy

In this post I am answering one of the query I received through Ask Your Questions.

Question:-

I have been holding a LIC policy since 2001. I will be migrating to USA from the next year. Can I continue the LIC policy in abroad?

Answer:-

Yes. You can continue the policy when you are outside India. You can either send the premium from abroad or using the Indian bank. Also you can use the online premium payment.

The sums payable under the policy on maturity or death will, however, be paid in Indian rupees, in India.

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Related posts:

  1. How to revive lapsed LIC policy?
  2. How to find Surrender value of your LIC policy?
  3. LIC Jeevan Nischay
  4. Life Insurance FAQs – Part 1
  5. Child Insurance Policy

3 Comments on this post

Trackbacks

  1. U PRASHANTH NAYAK said:

    DEAR SIR PL FIND OUT SERENDER VALUE OF POLICY NO 635003809

    March 7th, 2010 at 11:44 pm
  2. Gunjan said:

    My husband has bought an LIC policy and put my name in nominee, I am still continuing my maiden name and hence my last name and husband’s last name differs .We have marraige certificate .
    Is this policy vaild having differ last name …

    March 30th, 2010 at 10:46 am
  3. gagan jit tanwar said:

    dear sir,
    I have (ULIP Plan)policy No. 813603760 dt. of commencement 14/3/07. I have paid three yearly instalment as i have been guided by LIc agents. Agents told me to pay only 10,000 per year for three year. Which has been paid by me. Now i received letter from LIC that my policy has lapsed dur non payment for foruth Inst.
    What to do
    request advise

    July 3rd, 2010 at 12:27 am

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