Securing Self Across Seven Seas

Many non-resident Indians (NRI), especially globetrotters resonate with life cover provided by insurance companies and particularly the one provided by the companies owned by the Government of India (GoI). Rajiv Laungani, 46, an NRI, currently residing in China (PRC), is one such investor, who travels across countries but buys his life cover mainly from an Indian life insurer. Laungani shifted to China almost two decades ago, when he was 26. He set up his business of consumer electronics in the country. Hailing from a Sindhi family, he cultivated the habit of saving money from a very early age. Even when he began to walk on this path, he started with buying life cover for himself.    Laungani has multiple investments in different asset classes. However, in India he invests mostly in life covers provided by Life Insurance Corporation (LIC). Laungani has invested in various...