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How NRIs can apply for Maturity Claim against LIC policy 3 года назад


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How NRIs can apply for Maturity Claim against LIC policy

NRIs can apply for Maturity Claim against their LIC policy without visiting India. The formalities can be completed from your country of residence. You can contact your servicing LIC branch for the formalities or you can also contact us. For More Details -- https://www.licfornris.com/claims-com... or you can call us at +91-9230091000 Sukhdeep S Komal LIC Insurance Advisor MDRT USA Specialized in NRI Insurance Q. How long does it take to get lic maturity amount? A. Once all the documents are submitted to LIC, it takes approx. 5-7 working days to get the maturity credit into your account. Q. Is LIC maturity amount taxable for NRIs? A. LIC maturity in regular premium plans where Sum Assured is 10 times of annual premium, are 100% tax-free under section 10(10(D)) for NRIs as well. Q. Do LIC pays maturity amount to NRE or NRO account? A. Money-back and maturity are paid into NRO account only by LIC if the policy holder is an NRI Q. Do LIC deduct TDS on the maturity amount? A. No, LIC do not deduct any TDS on the maturity amount of matured LIC policy to NRIs

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