LIC Agent in Ulwe Sector 16
Some families in Ulwe have a son or daughter working abroad while parents live here. That creates its own questions: insurance for the NRI child, regular income for the parents, and someone local to help with paperwork. I'm S Kulkarni, an LIC agent in Sector 19, Ulwe, and I help families in Sector 16 handle all three.
- LIC guidance for NRI family members
- Annuity and policy servicing for parents here
- Video calls so the whole family can join
Typical requests from these families
- Cover for the NRI son or daughter
- Regular income for retired parents
- Updating nominees and bank details on old policies
- Help with maturity paperwork for parents
When Part of the Family Lives Abroad
Distance makes simple things harder. Parents may not want to bother their children with every policy letter, and the NRI child may not know what policies the parents hold or when they mature. A local advisor can bridge that gap.
For the family member abroad
Eligible NRIs can buy LIC policies, subject to plan eligibility and LIC's underwriting. The process has extra steps — residence details, overseas address proof, sometimes medical reports — and premiums are usually paid through bank accounts permitted for NRIs. The NRI insurance page explains this in more detail.
For parents living in Ulwe
Parents often hold old policies with outdated nominees or bank details, and sometimes have retirement savings sitting idle. I can review their existing policies, help keep details current, and explain whether an annuity would give them a reliable monthly income.
Keeping everyone informed
With the parents' consent, we can hold discussions on a video call so the son or daughter abroad can ask questions too. Important decisions — especially annuity options — are best made with the whole family understanding them.
Tax and foreign exchange: NRI policies can have tax and FEMA-related implications that depend on the country of residence. I'm not a tax advisor; please confirm with a qualified CA.
Helping a Family Across Two Countries
Collect the policies
Parents share their policy numbers; we list everything on one page.
Family call
A video call so the NRI child and parents discuss together.
Plan each person
Cover for the NRI, income for the parents, servicing for old policies.
Local follow-up
Parents meet in Sector 19 for any paperwork that needs a signature.
LIC Agent in Ulwe Sector 16 – FAQs
Questions from families with members living abroad.
Eligible NRIs can buy LIC policies, subject to plan eligibility and LIC's underwriting. I can explain the process and documents he's likely to need.
Yes. Your parents can meet me in Sector 19, Ulwe, and I can guide them on servicing. With their consent, you can join discussions by phone or video.
It can provide a regular income for life, but it's usually irreversible. We'll look at their total savings and keep part accessible before deciding.
At UL1 - 703 Unnati, Sector 19, Ulwe. Please call or WhatsApp 09768187224 first to fix a time.
Get NRI Insurance Assistance for Your Family
Send a WhatsApp message from wherever you are, and we'll set up a family call.