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Can you help me with the best LIC pension plan for NRIs?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on April 17,2022

Dear 

LIC do not have any special plan for NRI .

All Pension plan can be taken by NRI but you need to understand that how a Pension plan works :

  1. Pension Plan only accumulates fund for the pension . This accumulation can also be done through other options like Mutual Fund , PPF , Saving schemes ,
  2. Once accumulation is done then you can use the corpus to buy annuity as per your requirement .
  3. You can withdraw 60% of corpus as tax free income but balance 40% need to be used to buy annuity .
  4. This annuity will be given in Indian Rupee only and each NRI must think whether they would like to have annuity in Indian rupee .

Hope this clarifies

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