endowment

LIC Plans for NRIs vs Private Insurer NRI Options. What is Available?

An honest, fact-based comparison to help you make an informed decision.

LIC: New Jeevan Anand (Plan 715)

Savings plan that keeps protecting you even after maturity

Get maturity amount AND life cover continues for free after maturityExcellent bonus track recordLoan facility availableOne of LIC's most popular plans ever

How Competitors Compare

HDFC Life: NRI Plans Portfolio

Strength

Online NRI purchase, digital documentation, wide plan range

Limitation

KYC process complex, not all plans available to NRIs

ICICI Prudential: NRI Plans Portfolio

Strength

NRE/NRO premium payment, online management

Limitation

Limited ULIP options for NRIs, currency risk

SBI Life: NRI Plans Portfolio

Strength

SBI NRI banking integration, familiar brand for overseas Indians

Limitation

Fewer dedicated NRI services, limited support hours

Claim Settlement at a Glance

Insurer	CSR	Govt Backed	Years
LIC of India	98.62%		70+
HDFC Life	99.68%	—	26
ICICI Prudential	99.30%	—	25
SBI Life	98.99%	—	25

Our Verdict

LIC has the widest NRI-eligible plan portfolio and an established track record with overseas Indians. NRIs can pay premiums from NRE/NRO accounts and most LIC plans are available to NRIs. Private insurers offer better digital experiences for NRI purchase and servicing, but LIC's government backing and sovereign guarantee make it the preferred choice for most NRIs managing family finances in India.

Need Help Deciding?

We'll help you choose the right plan based on your specific needs.

This comparison is for informational purposes only. All data sourced from IRDAI reports and official insurer websites. Actual features, premiums, and benefits may vary. Verify with respective insurers before making a decision.