Welcome to NRI Centre. We have made an attempt here to furnish important features applicable to Non-Resident Indians (NRI) and People of Indian Origin (PIO) having foreign nationality and residing in foreign countries.
Concept of insurance and different types of plans:
- Life risk cover i.e. financial protection to the family in case of an unforeseen event- say death, illness, disability on account of accident, etc is the main purpose of insurance.
- It's also seen as a 'compulsory savings' leading to creation of wealth which can be utilized for education/marriage of children; for old age provision; for construction of house; etc.
- Policies are taken to get exemption from Income Tax and to assign these to financial institutions as collateral security while availing different type of credit facilities including housing loan.
- In order to meet various socio-economic needs of different people. There are various types of plan available.Each has distinct features covering certain type of benefits. The selection depends on your needs.
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Why Life Insurance
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LIC Plan