I have a query for long but unable to find a satisfactory answer..want to have a term insurance plan with aviva/religare/LIC…LIC having the highest % of claim settlement and contact/agent to talk to my parents in case of death unlike other online plans… the problem is I am in merchant navy…
I don’t pay tax as i earn in dollars and enjoy benefits of NRI…are these term plans allowed for NRIs or not…insurance companies esp religare mailed that yes they do for merchant navy but i still doubt it that claim settlement may be an issue then and can be denied on the grounds of me being NRI…my friend recently got one from religare and they have mailed that it is accepted..
haven’t got satisfactory answer yet from anywhere… please help…