LIC Plans for NRI: Explore Plan Categories Side by Side
A quick, side-by-side look at the LIC plan categories NRIs usually explore, so you can see where your goal fits before going deeper.
Which LIC Plan Category Fits Your Goal?
LIC's plans for NRIs generally fall under a handful of broad categories, each built around a different goal — protection, saving, retirement income or a child's future. This page gives you a working summary of each category so you can decide where to look closer. For a broader introduction covering eligibility and the buying process too, see our LIC for NRI guide.
LIC Life Insurance for NRI
Life insurance plans are generally built around long-term protection for your family in India, often combining a payout on death with the possibility of maturity benefits depending on the plan structure. NRIs typically consider this category when the priority is ensuring dependants remain financially secure, regardless of where the policyholder is based.
View LIC Life Insurance for NRI
LIC Term Insurance for NRI
Term insurance is pure protection — a high cover amount for a comparatively lower premium, with no maturity payout in most standard structures. It tends to suit NRIs who want strong protection for dependants in India at an accessible premium, particularly earlier in their working life.
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LIC Savings Plans for NRI
Savings and endowment-style plans combine life cover with a disciplined, goal-based savings structure, generally paying out at maturity or on death, whichever comes first. NRIs often use this category to save steadily towards a specific milestone while retaining a protection element.
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LIC Retirement & Pension Plans for NRI
Pension and annuity-style plans are built around generating an income stream, typically for retirement. NRIs planning to eventually retire in India, or wanting a India-linked income stream, often explore this category as part of a broader retirement plan.
View LIC Retirement & Pension Plans for NRI
LIC Child Plans for NRI
Child plans are structured around funding milestones such as higher education, often with in-built provisions intended to protect the plan's goal even if the parent is no longer around to continue paying premiums. NRIs raising children with strong ties to India sometimes use this category alongside their own protection cover.
View LIC Child Plans for NRIStill Not Sure Which Category Fits?
If you're weighing more than one category, our guide on identifying a suitable LIC policy for your NRI needs walks through the questions worth asking before deciding — or you can simply tell us your goal, age and country of residence and we'll suggest where to start.
Get Help Choosing the Right LIC Plan Category
Tell us your goal and we'll point you to the LIC plan category that fits, then help you compare options within it.
FAQs — LIC Plans for NRI
Broadly, NRIs tend to look at five categories: life insurance, term insurance, savings/endowment plans, retirement or pension plans, and child plans. Some individual products can blend features of more than one category, which is why comparing your goal against categories first is usually more useful than looking at plan names alone.
Yes, many NRIs hold more than one policy across categories — for example, a term plan for pure protection alongside a savings or child plan for a specific goal. What combination makes sense depends on your budget, goals and existing cover, so it's worth discussing your full picture with us.
The broad categories are the same, but eligibility, documentation and underwriting can involve additional considerations for NRIs — such as country of residence, medical requirements and how premiums are paid from abroad. We'll flag anything category-specific when we discuss your requirement.
That's common, especially if this is your first LIC policy as an NRI. Our guide on identifying a suitable policy walks through the factors to weigh, or you can simply share your goal and age with us and we'll suggest a category to start with.
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