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More than 20 plans to choose from Tell me more

Participating Endowment Plan (PEN)

Most popular and simple savings. Ideal combination of life cover, liquidity and investments.

Participating Marriage/ Education Plan (PME)

Designed to provide for expenses of education and marriage of children along with life cover

Jeevan Anand (JA)

Unique Combination of Endowment and whole life with provision of payment of Sum Assured, twice.

Professional Educational Plan (PEP)

Ideal plan to provide for future expense of education and start in life of children

Deferred annuity plan with or without life cover

A very unique plan unlikely to be available with any other institution which provides for pension throughout life.

Silver Anniversary Health Insurance(SAHI)

Unique combination of savings, health insurance and flexibility

(Health Wealth & Happiness)

Pure Term Assurance(PTA)

Ideal for those who look for pure life risk at a lower premium

Popular Plans

LIC (International)’s 107th Board meeting held on 22nd August, 2019 at Bahrain

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DSC_3579Seen in the photograph are Mr. M. R. Kumar, Chairman, LIC of India (sitting second from the right), Mr. Thomas Mathew T., Director, LIC (International) (sitting third from the right) and Mr. Sunil Kumar Thakur, CEO & MD, LIC (International) (sitting first from the right) along with other officials of LIC (International) and Intercol standing behind.

LIC (International)’s 106th Board Meeting held on 13th June, 2019 at Bahrain

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IMG_7116

Seen in the photograph are Mr. M. R. Kumar, Chairman, LIC of India (sitting second from the right), Mr. Thomas Mathew T., Director, LIC (International) (sitting third from the right), Mr. Sunil Kumar Thakur, CEO & Managing Director, LIC (International) (sitting first from the right). Also seen are other officials of LIC International and Intercol standing behind.

On behalf of LIC of India, Mr. Anirban Saha, Resident Manager-Bancassurance is receiving the Golden Peacock National Training Award – 2019 I (GPNTA) by IOD ‘Dubai Global Convention 2019’

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The picture shows the Award is being presented by Dr. Tayeb Kamali, Chairman, Institute Of Directors – UAE and H.E. Mr. Vipul IFS, Consul General of India in Dubai, to Mr. Anirban Saha, Resident Manager – Bancassurance, LIC (International). Also seen standing Lt. Gen. J. S. Ahluwalia, PVSM (retired), President, Institute Of Directors.

IOD – The Institute of Directors promotes the public benefit high levels of skill, knowledge, professional competence and integrity on the part of directors. It also promotes the study, research and development of corporate governance.

Golden Peacock Awards, instituted by the Institute of Directors (IOD), India, are now regarded as a benchmark of Corporate Excellence worldwide.

IOD Presents ‘Dubai Global Convention 2019’ the 29th World Congress on Leadership on Business Excellence and Innovation.

The convention took place at Hotel Habtoor Palace – Dubai, UAE on 6th March, 2019.

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MEET OUR DIRECTORS

Mr. M. R. KUMAR

Mr. M. R. KUMAR

Chairman

Chairman of Life Insurance Corporation of India and Chairman on the Board of LIC (International) B.S.C (C)

Mr. Vipin Anand

Mr. Vipin Anand

Deputy Chairman

Managing Director of Life Insurance Corporation of India and Deputy Chairman on the Board of LIC (International) B.S.C (C)

Mr. Abdulrahman Alwazzan

Mr. Abdulrahman Alwazzan

Director

Director of M/S International Agencies Co. Ltd. ( Intercol), Bahrain and Director on the Board of LIC (International) B.S.C (C)

Mr. Thomas Mathew T.

Mr. Thomas Mathew T.

Director

Independent Director on the Board of LIC (International) B.S.C (C)

Mr. V. Chandrasekaran

Mr. V. Chandrasekaran

Director

Independent Director on the Board of LIC (International) B.S.C (C).

Mr. Sunil Kumar Thakur

Mr. Sunil Kumar Thakur

CEO & MD

CEO and MD of LIC International B.S.C (C) and Director on the Board of LIC (International) B.S.C (C)

don’t hesitate to reach out!

Contact Us

About Us

LIC (International) B.S.C.(C) is an offshore subsidiary of Life Insurance Corporation of India, an organization wholly owned by  Govt. of India. LIC (International) BSC (C ) incorporated in the Kingdom of Bahrain ( C.R No. – 21606 ) and licensed by the Central Bank of Bahrain as a Life Insurance Company. The paid up capital of the Company is US$ 173.12 million (BD 65,439,300).

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NAV (as on 13/10/2021)

Fortune Builder (Launched on 06/07/2008)
Secured Fund                      : 10.8254
Balanced Fund                    : 18.4318
Growth Fund                       : 24.6158

Fortune Builder New (Launched on 04/10/2010)
Global Opportunities Fund : 15.2704

Gold Plus(Launched on 22/05/2011)
Gold ETF                               : 9.7179

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Value Added Tax (VAT) and its Impact on LIC International policies taken in Sultanate of Oman

You may be aware that Sultanate of Oman implemented VAT w.e.f. 16th April 2021 and there is provision of different tax rates (5% , 0% and exempt) applicability on supplies of goods and services in Oman, as specified in the Royal Decree No. 121 of 2020 on Value Added Tax and Executive Regulations of this Ministerial Decision No. 53 of 2021.

**You can get the detailed information on

** https://tms.taxoman.gov.om/

 

Application to our services

As per VAT Legislation, Life Insurance Contracts comes under exempt services. But few of our services may still be subject to VAT @ 5% where the consideration for the service is expressly determined as a fee, commission or commercial discount. Please contact our branch office in Oman for more details.

ADDENDUM TO OUR AGREEMENT WITH YOU

“VAT” means value added tax or any similar or substituted turnover or sales tax, imposed or administrated in the Sultanate of Oman. Any consideration to be paid or given for taxable supplies/services made by Life Insurance Corporation to the customers/other party is to be treated as exclusive of VAT. The recipient of any such supply and/or services shall, in addition to the consideration for the supply and/or service, pay to LIC an amount equal to any VAT chargeable in respect of the supply/service in question on demand by LIC. This will be effective from July 1st, 2021.

Contact Details of our Offices in Oman

 

LIC (International) B.S.C.(C), Oman Branch,

Yasmeen Building, Mezzanine floor,

Building No 480

Way No 3109

Al Noor street, Ruwi

Muscat

Sultanate of Oman.