Nri lic maturity

Hi Actually a friend of mine had taken policy from lic when he was resident Indian and also paid premium through his resident Indian savings bank account, but now his status has changed to Non Resident Indian, now in near future one of his policy is getting matured, than will Lic credit that maturity amount in his NRE or NRO account, as he had already closed his savings bank account, because as per Sebi norms, Nri can't have resident Indian account
Replies (1)

Yes it can be credited but only to nro a/c. It cannot be credited to nre a/c. 

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