Today everyone has a life insurance policy or is in the process of taking one. There are many questions associated with Insurance here we are going to address one such question. If you are in service with a MNC then you never know when you might have to start working overseas; this might make you question the feasibility of buying a life insurance. Whether you could continue with the policies bought in India, etc…?
Q) If you have a change of citizenship and own LIC life insurance policies bought in India.
A) You can continue with the policy(s) bought in India. All you have to do is fill out a form to inform about change of status that is, to that of an NRI. This form is available in any LIC branch or you can even download it from their site and send it to your registered branch.
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Tags: Insurance, LIC LIfe Insurance, Life Insurance, Life Insurance Policy