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PolicyWala NewBie
Withdraw money from my LIC policy
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
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