Withdraw money from my LIC policy

[zone]

Hi,

I am currently an NRI residing in the US. Back when I was working in India in 2007, I took one LIC policy. I worked in India only for a year but I am still paying my premium for 2 years.

Now, I would like to withdraw my amount and cancel my policy. How would I go about doing this. As an NRI, I don't have any Rupee bank accounts in India. I am not sure how I can receive the money. Can I nominate someone like my dad in India to take money on my behalf?

Any inputs will be much appreciated.

Regards,
Zone

Similar Threads:

• IDBI Federal Wealthsurance Foundation Plan : want to withdraw the money and surrender the policy?
• MetLife's ULIP - Met Smart Plus : Should I keep this policy or withdraw it?
• LIC Endowment policy - whether can I withdraw the deposited money?
• Can one get loan or withdraw money from PPF accounts of mine and wife's?
• Completed 15 years of my PPF account. Wanted to withdraw some of the deposited money?