Quote Originally Posted by Got_the_Best View Post
Hi All,

I am NRI working in USA as software Professional. I don't have Life Insurance coverage, So I am looking to buy the same for me. I have few queries on the same -
1- Can I buy Life Insurance from India?
2- If Yes, Can I buy Life Insurance from US or do I need to come to India to buy?

Thanks,
Best

http://www.licindia.in/nri_centre.htm

NRI should not be a green card holder. He/She should not have applied for or planning to apply in the near future for acquiring citizenship of his /her present country of residence or any other country.

It is clarified that People of Indian Origin having foreign nationality and residing in foreign countries (PIO) are not considered as NRIs for the purpose of allowing insurance. Rules applicable to PIOs are given in the last paragraph.

In short, if you are NRI and are not going to apply for Green Card than you can buy, otherwise not.