Insurance

Eligibility: Permitted under FEMA and IRDAI guidelines through NRE/NRO accounts

Account Type: NRE (Repatriable) / NRO (Non-Repatriable) premium payments

Product Access: Life, Health, Term, Child, and ULIP Insurance Plans

Taxation: Premiums under Sec. 80C/80D; maturity/claims under Sec. 10(10D)

Repatriation: Maturity/claim proceeds repatriable per RBI rules

Ideal For: NRIs/OCIs seeking family protection and compliant wealth planning

Eligibility: Permitted if residing or working in India; IRDAI KYC required

Account Type: Resident/NRO-linked policy payments

Product Access: Term, health, and ULIP products from IRDAI-licensed insurers

Taxation: As per Indian Income Tax Act; treaty benefits may apply

Repatriation: Permitted for maturity proceeds on eligible policies

Ideal For: Foreign professionals and families based in India

Eligibility: Fully permitted under IRDAI regulations

Account Type: Resident account-linked premium payments

Product Access: Term, health, ULIP, pension, and child education plans

Taxation: Deductions under Sec. 80C/80D; tax-free maturity benefits

Repatriation: Not applicable

Ideal For: Individuals seeking family protection and tax-efficient savings

Eligibility: Permitted through group/corporate insurance or key-person policies

Account Type: Corporate account for premium payment

Product Access: Group term, health, and key-person life covers

Taxation: Corporate tax deductions on premium expenses

Repatriation: Maturity proceeds per FEMA and RBI policy

Ideal For: Corporates securing employee or promoter life/health coverage