300. OCI Buying Life - Term Insurance in India
Q. Dear Sir,
Myself a OCI card holder who is living and working in India for past 1 yrs.I want to by life term insurance in india(LIC or any
private provider) and dont know weather i can buy or not so can u request your assistance on this to get a bit of clarity on
this matter.
praveen.gururaj
A. You can buy insurance in India from any insurance company of your choice. Just call the company and their agents will
virtually line up to sell you a policy. Get answers to all your questions satisfactorily before signing a commitment. Select a
reputable company to avoid future problems.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional
accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been
stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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