LIC (International) was originally established in
Bahrain in 1989 by LIC of India, a Government of India
Corporation, to cater for the needs of Non-Resident
Indians (NRIs) resident in the six GCC countries and
elsewhere. The LIC Chairman is common to both companies
The policies are in general very similar to those
sold by LIC of India, but because of the 'offshore'
status of the company, the policies are free of all
taxes. Also, because the currencies in the GCC are
pegged to the US Dollar, all the LIC (International)
policies are also denominated and invested in US Dollars.
Claims are settled in the currency of choice of the
Yes, extremely secure. The company is rated B+ (Very
Good) by A M Best [www.ambest.com],
the credit rating agency which specializes in the
rating of Insurance Companies. The chief actuary of
LIC of India is also the chief actuary of LIC (International)
and runs the finances of both companies in a very
Virtually every working NRI or other expatriate has
one or more people relying upon them for their income,
and these dependents normally need the security that
an insurance policy can provide. In addition, we all
need to accumulate savings for children's school fees,
our old age and similar. Careful planning and disciplined
saving using suitable policies can help all of us
meet these different needs.
Yes, under UAE law any nationality can buy the policies.
Other than NRIs, the policies are most likely to be
suitable for people from Pakistan, Bangladesh, Sri
Lanka and Nepal, or alternatively anyone who wants
to buy a policy denominated in US Dollars.
The Branch Office is in Dubai, and provides a
full service for all policy holders. This includes
collection of premiums, issuing of policies, payment
of maturity claims, payment of death claims and
similar. In addition, the Chief Agents for LIC
(International) in the UAE, Kingstar Insurance
Agencies, have their own Branch Offices in Abu
Dhabi and Jebel Ali Free Zone. For full details
or to contact us, please
In any Branch of LIC (International) or Kingstar
Insurance Agencies, or alternatively any Branch
of the National Bank of Dubai. In addition, the
premiums can be paid through the LIC (International)
Chief Agents in the five other GCC countries,
or by bank draft or TT from anywhere in the world.
For full details on all premium payments, please
Any LIC (International) policyholder, Indian or otherwise,
can maintain their policy and pay their premiums from
anywhere in the world. NRI policyholder however, on
returning to live in India, can if they choose, transfer
their policy to one of LIC of India's 2048 branches
in India and convert it into the equivalent rupee
denominated policy. Any transfer of an LIC (International)
policy to a rupee based policy in India will be subject
to the standard terms and conditions.
Any claim paid by LIC (International), of whatever
type, will be paid immediately on satisfactory completion
of all the documentation which the company will require.
The payment of the claim will come from either the
UAE or Bahrain, and can be paid anywhere in the world
in any of the major currencies.