1 / 6

NON - RESIDENT INDIANS AND FOREIGN NATIONALS OF INDIAN ORIGIN

NON - RESIDENT INDIANS AND FOREIGN NATIONALS OF INDIAN ORIGIN. NRI & MAIL ORDER BUSINESS. There are two classifications made by LIC for the purpose of allowing insurance to persons residing in foreign countries. Non-Resident Indian

soren
Télécharger la présentation

NON - RESIDENT INDIANS AND FOREIGN NATIONALS OF INDIAN ORIGIN

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. NON - RESIDENT INDIANS AND FOREIGN NATIONALSOF INDIAN ORIGIN

  2. NRI & MAIL ORDER BUSINESS • There are two classifications made by LIC for the purpose of allowing insurance to persons residing in foreign countries. • Non-Resident Indian • A citizen of India temporarily residing in the country of his / her present residence and holding a valid passport issued by the Government of India. • The NRI should not be a green card holder. He / she should not have applied for or planning to apply in the near future for acquiring citizenship of his / her present country of residence or any other country.

  3. NRI & MAIL ORDER BUSINESS • Foreign national of Indian Origin • A citizen of a foreign country who is having Indian origin. He/She may not be treated as NRIs for the purpose of allowing insurance.

  4. NRI & MAIL ORDER BUSINESS • Non-Resident Indian (Actl/1923/4 dt 19.12.2003) • NRIs can be allowed insurance:  • On their visit to India – insurance cover is canvassed in India and all formalities regarding filling in the proposal forms, obtaining Medical Examination Report / Special Medical Reports and Moral Hazard Report are completed during their stay in India.

  5. MAIL ORDER BUSINESS • . From their present country of residence – known as MAIL ORDER BUSINESS – where all or some of the formalities regarding filling in the proposal forms, obtaining medical and special reports are completed in their present country of residence. • It has now been decided to allow all agents to complete formalities under proposals from NRIs during their visit to NRIs’, present country of residence.

  6. MED EXAM FOR MOB • Sum Proposed Medical Report from Rs.2,00,000 to Rs.5,00,000 Graduate Doctor with 5 years standing • Rs. 5,00,001 to Rs.10,00,000 Graduate Doctor with 10 years standing • Rs.10,00,001 to Rs. 24,99,999 Post graduate Doctor with 5 years standing • Rs. 25,00,000 and over Post graduate Doctor with 10 years standing

More Related